Electric Vehicle Market Scenario in China and India

Electric vehicle is the next big thing post the dawn of automotive age. The electric vehicles are considered safe, energy efficient and environment friendly when compared to the internal combustion engines. But the electric market has not shown much of progress in the years due to various shortcomings. In the recent years, most countries are trying to adapt to electric vehicles in order to reduce the fuel usage and air pollution. The overall electrified vehicle market is expected to grow at a CAGR of 19.5% between 2011 and 2017. By the end of the first half of 2012, US had the highest sale of electric vehicles ? 7,931 units followed by Japan with sales of 4240 units. In contrast, China the world?s largest automotive producer sold only 235 units of electric cars in Q2 2012.