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Mid-sized cities to be big demand centre for electric vehicles: Report

Business Standard LogoBusiness Standard2d ago

Mid-sized cities to be big demand centre for electric vehicles: Report - Business Standard

Quick Summary:

An analysis of the electric two-wheeler and car sales by strategic research provider BloombergNEF (BNEF) from 207 cities across 10 states also suggests that the electric two-wheeler sales in some tier 2 markets have surpassed metropolitans while within tier 2 cities, state capitals generally leading the growth in electric car sales.

The gap in demand for electric vehicles between large and mid-sized cities in the country is shrinking and the Tier-II 2 cities are likely to emerge as the next big demand centre for EVs, a report said on Tuesday.

India's electric vehicle sales are growing rapidly but vary considerably across the country's 36 states and union territories.


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Article Details

Category: BusinessFinance

Markets:

Topics:

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-07-02 @ 20:53:05 (2 days ago)

News Timezone: GMT +5:00

News Source URL: business-standard.com

Language: English

Article Length: 837 words

Reading Time: 5 minutes read

Sentences: 25 lines

Sentence Length: 34 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Business Standard

News ID: 21462325

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Main Topics: BusinessFinance

Official Website: business-standard.com

Update Frequency: 281 posts per day

Year Established: 1975

Headquarters: India

News Last Updated: 3 hours ago

Coverage Areas: India

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Publication Timezone: GMT +5:00

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Publisher ID: #49

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