India's EV adoption remains nascent compared to global counterparts, but budget support to drive growth: Moody's
New Delhi [India], February 5 (ANI): India's electric vehicle (EV) adoption remains in its early stages, lagging behind regional and global counterparts, according to a report by Moody's.
The report highlighted that the penetration of EVs in the country's passenger vehicle segment stands at just 2.5 per cent, significantly lower than the government's ambitious target of 30 per cent by 2030.
It said "India's electric vehic