India 4-Wheeler Electric Vehicle Market Outlook (2020-2025) | Size, Revenue, Value, COVID-19 IMPACT, Companies, Trends, Industry, Forecast, Analysis, Share & Growth

India 4-Wheeler Electric Vehicle Market report comprehensively covers the market by vehicle types, charger types, DC charger connector types, DC charger power ratings, and end consumers. India 4-Wheeler Electric Vehicle market report provides an unbiased and detailed analysis of the ongoing trends, opportunities/high growth areas, and market drivers which would help the stakeholders to devise and align their market strategies according to the current and future market dynamics.

India 4-Wheeler Electric Vehicle Market Synopsis

With growing urbanization and increasing population, India still lacks reliable public transport coupled with passenger safety concerns. This has led to the growth of the corporate employee transport system. Several transport outsourcing companies in India are providing employee transport services that are easily accessible during late night and provide safety and comfort hence, making them a preferred alternative to the public transport counterpart such as a metro. However, the incursion of the COVID-19 pandemic has resulted in a slowdown in the India economy during the first half of 2020 further obstructing the growth of India electric vehicle market.

According to 6Wresearch, India 4-wheeler electric vehicle market size grew at a CAGR of 126.4% during 2020-2025. It is anticipated that passenger vehicle fleets are more likely to adopt EVs early due to the vehicle running cost. On the contrary, it would take longer time to electrify rental cars as the average trip length of a rental car is longer and the predictability of routes is less. This would require the deployment of fast DC chargers on national highways as well as on the main traffic routes which would essentially take some time to set up.

Market Analysis By Vehicle Types

The government is offering subsidies to commercial vehicles in order to promote EV adoption, still, electric cars remain costlier by at least 30%, mainly due to imported batteries. Therefore, several government policies such as the National Electric Mobility Mission Plan 2020 (NEMMP) launched in 2013 and the Faster Adoption and Manufacturing of (Hybrid) and Electric Vehicles (FAME II) subsidy scheme would result in a strong foothold for 4-wheelers in the EV space, thus promising a higher potential for transitioning to EVs.

Key Attractiveness of the Report

• COVID-19 Impact on the Market.
• 6 Years Market Numbers.
• Estimated Data Starting from 2020 to 2025F.
• Base Year: 2019
• Forecast Data until 2025F.
• Key Performance Indicators Impacting the Market.
• Major Upcoming Developments and Projects.

Key Highlights of the Report:

• India 4-Wheeler Electric Vehicle Market Overview
• India 4-Wheeler Electric Vehicle Market Outlook
• India 4-Wheeler Electric Vehicle Market Forecast
• Historical Data and Forecast India 4-Wheeler Electric Vehicle Market Revenues and Volume for the Period 2019-2025F
• Historical Data and Forecast of India 4-Wheeler Electric Vehicle Market Revenues and Volume, By Vehicle Types, for the Period 2019-2025F
• Historical Data and Forecast of India 4-Wheeler Electric Vehicle Market Revenues and Volume, By Charger Types, for the Period 2019-2025F
• Historical Data and Forecast of India 4-Wheeler Electric Vehicle Market Revenues and Volume, By DC Charger Connector Types, for the Period 2019-2025F
• Historical Data and Forecast of India 4-Wheeler Electric Vehicle Market Revenues and Volume, By DC Charger Power Ratings, for the Period 2019-2025F
• Historical Data and Forecast of India 4-Wheeler Electric Vehicle Market Revenues and Volume, By Charger End Consumers, for the Period 2019-2025F
• Market Drivers and Restraints
• Industry Life Cycle
• Porter’s Five Force Analysis
• Impact Analysis of COVID-19
• Market Trends
• Japan Vehicle Market Revenue Ranking, By Companies
• Competitive Benchmarking
• Company Profiles
• Key Strategic Recommendations

Market Scope and Segmentation

The report provides a detailed analysis of the following market segments:

By Vehicle Types

• Passenger Car
• Light Commercial Vehicle (Goods Carrier)

By Charger Types

• AC
• DC

By DC Charger Connector Types

• CHAdeMO
• CCS
• Others (including Tesla superchargers and GB/T)

By DC Charger Power Ratings

• 40-80 kW
• 80-120 kW
• 120-200 kW

By Charger End Consumers

• Public
• Private