Survey indicates 51% of EV car owners in India consider switching to conventional vehicles

Park+, an app for car owners with a user base of 1.5 crore cars in India, conducted a survey of 500 electric vehicle (EV) car owners in Delhi NCR, Mumbai, and Bangalore. The survey aimed to understand the experiences and perspectives of current EV car owners. According to data from the Federation of Automobile Dealers Associations (FADA), approximately 91,000 electric passenger vehicles were sold in India during the 2023-24 financial year.

The survey revealed that 88% of respondents reported experiencing charging anxiety, citing challenges in finding accessible, safe, and functional charging stations despite the presence of over 20,000 EV charging stations in India. Additionally, 73% of EV car owners expressed uncertainty about maintenance costs, noting difficulties in understanding their vehicles' systems and obtaining clear information on repair costs.

Resale value was a concern for some respondents, with 33% reporting lower-than-expected quotes when casually checking their EV's resale value. The survey also found that 51% of four-wheeler EV owners indicated they might not purchase another EV for their next vehicle.

Among current EV models, the TATA Nexon EV (61%) and TATA Punch EV (19%) were the most popular choices among survey respondents.

Commenting on the findings, Amit Lakhotia, Founder & CEO, Park+ said, “At Park+ our main business objective is to bring delight back to car ownership. This survey is a step in the same direction to understand the mindset of EV car owners in India. The Indian 4W EV story is still being written and the need of the hour is to build a robust and smart EV charging infrastructure embedded in our current vehicular ecosystem. Charging anxiety has overtaken range anxiety by a huge margin. As the largest EV charger installer in the country we will continue to invest our energies in enhancing the EV car ownership experience for them, throughout the life cycle of their car and look forward to partnering with other external stakeholders to support us in this endeavor.”