This is owing to a variety of factors, including steep acquisition costs and inadequate charging facilities, said analysts.
Lower resale value than petrol-diesel counterparts, high battery replacement costs, stray incidents of vehicles catching fire, range anxiety, and withdrawal of government incentives are some of the factors that have hit growth, they added.
This story is from the December 17, 2024 edition of Financial Express Chandigarh.
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This story is from the December 17, 2024 edition of Financial Express Chandigarh.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
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