Estimate the market size for EV in India/ U.

Question

Accepted Answer

The market size for EV in India/ U is estimated to be significant due to increasing government support and growing consumer demand.

Government initiatives such as subsidies and tax incentives are driving the adoption of EVs.
Rising fuel prices and environmental concerns are motivating consumers to switch to electric vehicles.
Major automakers are investing in EV manufacturing facilities and launching new electric models.
Infrastructure development for charging stations is expanding to support the growing EV market.
The market size can be estimated by analyzing sales data, consumer surveys, and industry reports.

Accepted Answer

[Please note that I stands for Interviewer and C stands for Candidate]

C- Should I focus on one country or both?

I-  Take India only in that case.

C- Should I focus on both 2&4 wheeler market or anything specific?

I- Take 4-wheeler Passenger Vehicles.

C- Started with population of India under various income groups in Urban and rural India and arrived at households.

I- Yeah that's good please proceed.

C- Arrived at total 4-wheeler demand using certain filters.

I- What size can EV capture of this market?

C- Initially it'll be low due to low adaptability amongst customers but assuming a CAGR of Z% for EV's Market Size and P% for 4-wheeler market we can expect D Units sale by 2022.

I- That's a good number. Thank You.

Estimate the market size for EV in India/ U.

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