No doubt the overall market share of EV vs ICE will keep shifting towards the former.
India EV penetration to be 15% by 2030: BNP Paribas - The Hindu BusinessLine
In case of 2W, it could be even higher as per different reports. Ola should be given credit for waking up legacy players out of their slumber who were refusing to innovate (Just like Jio did to Airtel and Idea).
The only concern is if it can utilise it’s head-start and vertical integration to create products with superior quality, instead of cutting corners at the wrong places and facing consumer wrath later on.
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