Abstract:

The basic purpose behind this paper is to understand the underlying dynamics at play in the context of the emerging landscape of EV industry, as well as the related economic and technological ambitions of countries like India. This paper is largely based upon information from secondary, but highly reliable sources. The data that has been used in this paper has been gathered from authentic sources on the internet such as from freely accessible research papers, newspaper articles, working papers and expert committee reported. The authors have extensively reviewed literatures related to the topic, and the conclusions that have been arrived at in this paper,arelargelyanchored in the output generated from this literature survey. This paper seeks to study all the dimensions of the EV industry such as its genesis, the people who shaped the industry during its infancy, the factors that derailed the industry during early 20th Century, when it looked set for a great future, the reasons behind the success of ICE vehicles industry over EV industry, factors that ultimately led to the resuscitation of the EV industry from the dawn of the 21st Century etc. In addition to all this, the authors have also sought to examine the impact of the expected boom in EV industry on parameters such as public health, pollution, economic & employment growth, international trade & geo-politics etc. Finally, in the paper, there is also an attempt to identity the opportunities & threats that countries like India can expect during the coming decades when EV industry would be spreading its tentacles throughout the world

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