EV Leasing in India: A Game-Changer or a Niche Proposition?
This article is part of a thought leadership series by the Ipsos Auto sector expert group. This team of experts in the automotive sector join forces to share their unique perspectives and insights about the latest trends, innovations, and happenings in the auto industry. The intent is to keep our clients informed and up to date through the lens of research.
While India is experiencing growth in the electric vehicle market, the success of EV leasing in the country faces challenges. This article highlights the potential for EV leasing to advance the government's electrification goals and provide economic and environmental benefits for companies. Consumers, too, could benefit from lower costs. However, obstacles include inadequate charging infrastructure, high costs, limited EV model options, and consumer attitudes favouring car ownership.
Addressing these challenges through government and private sector collaboration is crucial for EV leasing to become a mainstream option in India's pursuit of sustainable transportation.
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