Electric cars to remain niche segment in near future, ICE rule to continue

Analysts say this is primarily because of a lack of infrastructure, especially charging stations

Despite the push for electric vehicles (EVs), keeping sustainability in mind, the market share for automobiles will be dominated by traditional cars for at least a decade for a multitude of reasons, primarily thanks to an absence of accompanying infrastructure for the former.

According to research by IHS Markit, for an ecosystem still grappling with infrastructure issues — the high cost of EVs and a greater OEM (original equipment manufacturer) focus on electrifying two-wheelers and commercial vehicles first — the share of such vehicles is expected to be 4 per cent by 2030. 

The passenger car market in India has