New Delhi, May 1 -- India's transition to electric vehicles (EVs) will depend critically on how quickly it can build out a robust charging ecosystem, with infrastructure readiness emerging as the key trigger for mass adoption, according to a Nomura report.
The report highlighted that charging availability remains the biggest enabler in shifting consumers away from internal combustion engine (ICE) vehicles. "Charging infra as a key enabler - infra-readiness can unlock mass adoption," the report said.
Nomura highlighted China's rapid evolution as a primary example of this trajectory. "China has scaled to ~20mn public charging points by 2025, with strong coverage across tier 1/2 cities and highways, though gaps remain in lower-tier regions...
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