SMC Global Securities Limited

📊 India ranks third globally in passenger vehicle (PV) sales, but lags behind in electric vehicle (EV) penetration😟 With only 2.0% EV penetration in H1 FY24, compared to 88% in Norway and 29% in China, India faces significant challenges like higher initial EV costs and range anxiety🚀 However, the lower total cost of ownership for EVs and ongoing improvements in charging infrastructure, along with supportive policies, are set to drive growth📈 The steady increase in EV penetration, from 0% in FY18 to 2.0% in H1 FY24, is a positive trend, indicating that with the right strategies, India can significantly enhance its EV market share👇 Dive into the details of how India compares globally and what steps can propel its EV adoption forward__Follow SMC Group & hit the bell icon!👇Download our app now:App store: Play Store: __👉 Disclaimer: Investments in securities market are subject to market risks, read all the related documents carefully before investingMutual Fund investments are subject to market risks, read all scheme related documents carefullyPMS is not offered in the commodity derivative segment. Insurance is the subject matter of solicitationRegistration granted by SEBI and certification from NISM in no way guarantee performance of the intermediary or provide any assurance of returns to investorsThe securities quoted are for illustration only and are not recommendatory #smc #smcglobal #electricvehicle #stocks