Consumer Preferences in Electric Vehicle Purchases: Opportunities and Challenges Shaping the EV Market

Electric Vehicle (EV) Purchases

The surge in electric vehicle purchases is being fueled not only by advancements in EV battery technology but also by government policies, tax benefits, and changing consumer attitudes. As governments like Telangana introduce incentives, including a 100% tax exemption on electric vehicle purchases till December 2026, consumers are increasingly motivated to transition to greener transportation