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Economic Times
Economic Times
1y ago 41 views

Survey Shows Indian EV Owners Prefer Traditional Vehicles for Repairs and Resale

A recent survey reveals that many electric vehicle (EV) owners in India are considering switching back to internal combustion engine (ICE) vehicles due to concerns about repair and resale value. The findings highlight ongoing challenges in the country's adoption of EVs.
Survey Shows Indian EV Owners Prefer Traditional Vehicles for Repairs and Resale
A What happened
A recent survey reveals that many electric vehicle (EV) owners in India are considering switching back to internal combustion engine (ICE) vehicles due to concerns about repair and resale value. The findings highlight ongoing challenges in the country's adoption of EVs.
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Key insights

  • 1

    Maintenance Challenges

    Many EV owners have reported difficulties in finding reliable service centers for repairs and maintenance, which has led to frustration and a preference for the more established network of ICE vehicle service stations.

  • 2

    Resale Value Concerns

    The survey highlights that the resale market for EVs in India is not as robust as that for ICE vehicles. Owners are finding it difficult to get a good return on their investment when trying to sell their EVs.

  • 3

    Inadequate Infrastructure

    A significant number of respondents cited the lack of sufficient charging infrastructure as a major drawback. The limited availability of charging stations makes long-distance travel challenging and inconvenient for EV owners.

Takeaways

The survey suggests that despite the growing popularity of electric vehicles in India, several practical issues such as maintenance, resale value, and inadequate infrastructure are pushing many owners to consider switching back to traditional internal combustion engine vehicles.