Majority of Indian EV Owners Intend to Stick With Electric Cars For Life, Survey Finds

Around three-quarters of electric vehicle (EV) owners in India intend to stick with electric cars for life as per a survey conducted by Park+ Research Labs on 1,330 recent EV owners. The survey targets EV owners who purchased their vehicles after January 1, 2024, showcasing that economic considerations are driving the transition to electric vehicles, with 29% of respondents citing cheaper ownership as their primary motivation.

Environmental consciousness (25%) and the desire to embrace cutting-edge automotive technology (21%) emerged as the other significant factors influencing purchase decisions. Consumer confidence appears remarkably high, with 92% of owners expressing satisfaction with their EV purchase.

The research also highlights several concerns among EV owners, with 24% pointing to inadequate charging infrastructure, 23% expressing range anxiety, and 21% worried about charging times. These findings underscore the ongoing infrastructure challenges facing India's emerging EV sector.

Amit Lakhotia, Founder & CEO of Park+Research Labs, said, “The Indian 4W EV story is still being written and the need of the hour is to engage with EV owners to understand their ownership experiences and expectations. From our survey which reached out to relatively new car owners, it has come to light that the owners are more informed, better researched and are not over expecting their EV's to deliver unrealistic performance.