Nearly 64% of consumers likely to choose EV as next vehicle, TCS global study finds
electric vehicle for their next purchase, although 60 per cent of them considered charging infrastructure as a major challenge, according to a study. The global study by Tata Consultancy Services surveyed over 1,300 anonymous respondents across USA, Canada, UK, Ireland, Belgium, Denmark, Finland, France, Germany, Netherlands, Norway, Sweden, Switzerland, China, India, Japan, Australia and New Zealand, found that 56 per cent of them were ready to pay up to USD 40,000 (nearly Rs 35 lakh) for an electric vehicle (EV).
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The respondents for the study — TCS Future-Ready eMobility Study 2025 — included transport manufacturers, charging infrastructure players, fleet adopters, consumers and EV adoption influencers, TCS said in a statement.
According to the survey, 90 per cent of manufacturers believed that improvements in battery technology will enhance range and charging speed and will significantly impact the design and performance of EVs in the near term compared to other technological advancements.
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Also, 74 per cent of manufacturers believed charging infrastructure remains the biggest obstacle limiting EV market growth.
From the consumers' point of view, 60 per cent said charging infrastructure was a major challenge, while 64 per
