Electric Vehicle Push Meets Production Hurdles

  • Government initiatives aim to boost electric vehicle (EV) adoption in India.
  • However, a potential roadblock emerges: high demand outpacing production capacity.
  • Xiaomi, a major new entrant in the EV market, faces a waitlist of up to seven months for its recently launched SU7 electric sedan.
  • This waitlist signifies strong consumer interest in EVs, exceeding initial production estimates.
  • The situation highlights the need for increased production capacity from established and new EV manufacturers to meet growing demand.
  • Addressing this gap will be crucial for India's electric mobility goals.

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