Currently, the firms that are leading the charge in the EV space are all startups such as Ola Electric, Ather Energy, Magenta Power, Ampere, BluSmart Mobilty and Lithium Urban Technologies. The startup playIn a recent tweet, Elon Musk, founder of electric car manufacturer Tesla, said: “Electric vehicles are computers on wheels." This means an electric vehicle requires a completely new supply chain. Another major hurdle with regard to the adoption of electric vehicles has been the unavailability of affordable credit from traditional banks. He also said that the partnership with Gogoro Inc. will be key to the propagation of electric vehicle charging technology.

Source: Mint August 11, 2021 17:15 UTC