A recent global study by Tata Consultancy Services (TCS) reveals that more than 60% of consumers across various regions, including India, are likely to consider an electric vehicle (EV) for their next purchase. However, 60% of these consumers also identified charging infrastructure as a major challenge. The survey, which is part of the TCS Future-Ready eMobility Study 2025, involved over 1,300 anonymous respondents from countries including the USA, Canada, UK, Ireland, Belgium, Denmark, Finland, France, Germany, Netherlands, Norway, Sweden, Switzerland, China, India, Japan, Australia, and New Zealand. The study found that 56% of consumers are willing to pay up to $40,000 (approximately Rs 35 lakh) for an EV, showing a significant interest in adopting electric mobility.
The survey included responses from a range of stakeholders, including transport manufacturers, charging infrastructure players, fleet adopters, consumers, and EV adoption influencers.
From the perspective of manufacturers, 90% of them believe that advancements in battery technology will enhance the range and charging speed of EVs, which will greatly impact their design and performance in the near term. However, 74% of manufacturers also agree that charging infrastructure remains the biggest obstacle to the growth of the EV market.
For consumers, the survey revealed that while 64% are likely to choose an EV for their next vehicle, the issue of charging infrastructure remains a significant barrier.
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