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Giving a breather to the electric vehicle (EV) industry players and their concerns of market adaptability of the electric cars, the World Economic Forum has released a report stating that Indian has the potential to become the largest EV market in the world.
“The role of government is crucial for accelerating adoption. Right now, the uptake of electric vehicles is slow due to the high upfront cost and range anxiety, but a long-term investment in research and development (R&D) will create sustained growth,” said Christoph Wolff, Head of Mobility, World Economic Forum.
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