Electric Vehicles: Driving India Towards Sustainability

India is a country that heavily relies upon various forms of polluting hydrocarbons for energy to run its industries, power plants and vehicles. With the increasing industrialization and population, it is challenging to even fathom the consequences of depletion of non-renewable energy sources. However, in light of the growing concern of climate change, India is on an upward trajectory to ensure the adoption of other eco-friendly alternatives for energy. In this regard, electronic vehicles ("EVs") are currently being perceived as a lucrative alternative to the customary petrol/ diesel vehicles.   

India's e-mobility initiatives for pollution-free commercial and private transportation have prompted many established vehicle manufacturers and new entrants to begin manufacturing of EVs in the last mile connectivity and bulk short/long distance transportation space.¹ Mahindra & Mahindra is a leading vehicle manufacturer in the country and is expected to launch eight EVs