Heavy Reliance on China for Critical Minerals
India’s push towards electric vehicles (EVs) and advanced automotive manufacturing is colliding with a stark reality: a heavy dependence on China for rare earth elements (REEs) – especially the neodymium, praseodymium, and dysprosium used in high-performance magnets. These rare earth magnets are the tiny backbone of EV motors, as well as many conventional car components […]
India’s Electric Car Market in 2024: Slow Growth, Limited Choices, and Emerging Competition
India’s Electric Car Market in 2024: Slow Growth, Limited Choices, and Emerging Competition Despite the global push towards electrification, India’s electric car segment struggled to gain momentum in 2024, accounting for only ~2% of total car sales. This slow adoption reflects key challenges, including limited model availability, inadequate charging infrastructure, and consumer hesitation in transitioning […]