Since 2015, the Indian government has actively championed the adoption of electric vehicles (EVs) through a series of strategic initiatives, including FAME, FAME II, EMPS, and the recent PM E-DRIVE. These programmes aim to stimulate demand, while the Production-Linked Incentive (PLI) scheme incentivises the supply of automobiles and batteries. This comprehensive approach underscores the government’s commitment to fostering a robust EV ecosystem, which is evident in the various incentive policies tailored to different vehicle categories and their positive impact on market dynamics