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The Indian electric vehicle (EV) market will continue to be largely driven by the two-wheeler and three-wheeler segment, experts opined at the ETAuto Virtual Roundtable on ‘Post Covid-19: Future of Electric Vehicles Global and India’. According to them the EV market will recover swiftly from Covid-19 setback when compared to their ICE counterparts and their outlook remains strong in the medium term.
As per EV market forecast by Frost and Sullivan, e-rickshaws, e-autos and e-two wheelers are the most promising segments for electrification in India and are expected to account for over four-million units by 2025.