Photo Credit: Fair Use [17 U.S.C. § 107] VinFast India Inaugurates Electric Vehicle Assembly In Tamil Nadu, Brand's Third Plant Globally
What's Keeping The Indian Middle Class From Driving An Electric Car?
11 Sep 2025 | Abstracted from CNBC
India’s middle class is hesitant to adopt EVs due to high import prices, limited public charging, and range anxiety. Tesla’s Model Y costs ₹6M ($68K), far above mainstream affordability. Local production is key—Vietnam’s VinFast and India’s Tata Motors offer EVs closer to ₹1–2.3M. With EVs at just 5.3% market share, scaling infrastructure and lowering costs are critical for broader adoption.
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