look news india
Elon Musk to Visit India: Elon Musk is going to visit India next week. Which is planning to make a huge investment of 2 to 3 billion dollars for Tesla's entry in India and setting up its manufacturing plant. China is angry with Tesla's entry into India.
An article has been written in the Chinese newspaper Global Times that India may benefit from investment in India, but the company will not benefit from it. Tesla's investment in EV facilities in India will definitely benefit India. But this is not a wise decision for the car manufacturer. Since the Indian market is not fully developed, American carmakers cannot operate in it.
Lack of public charging infrastructure in India
The lack of public charging infrastructure in India has been a major challenge in EV adoption. Besides, the availability of electricity in India is also less. That is why it is difficult to achieve success in India.
The share of electric vehicles is 2.3 percent
The media further reported that the electric vehicle market is growing rapidly in India. But still its share is negligible. The share of EVs in total passenger vehicles sold in India in 2023 was only 2.3 percent. Additionally, limited production of key components such as lithium-ion batteries is a major problem for EV development.