Nikhil Dhaka, Vice President, Primus Partners, highlighted that India’s EV market is no longer a one-horse race. Innovations like battery rentals and subscription plans by JSW MG Motor India are helping make EVs more affordable. Still, adoption is slower than expected. Range anxiety remains a key issue, with charging stations unevenly distributed—especially outside major cities. Price is another major hurdle, as EVs remain 25–30% more expensive upfront than petrol or diesel vehicles. For many middle-class buyers, concerns around battery life, resale value, and long-term reliability also weigh heavily.