Carmakers in India plan EV onslaught in 2025 despite slowing global demand
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jan 16 2025
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Source: Reuters
New Electric Car Launches in India: Automakers in India are set to introduce nearly a dozen new electric vehicle (EV) models this year, focusing on the premium market with enhanced driving ranges and faster charging capabilities, as demand for EVs globally slows down.
Growth of India's EV Market: Despite a small market share of 2.5% in car sales, India's EV sector is experiencing growth, with expectations that new models will help double sales this year, supported by government incentives and a burgeoning middle class.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
