A recent survey conducted by Park+ sheds light on the growing dissatisfaction among Indian electric vehicle (EV) owners. With over 50% of respondents expressing a desire to revert to internal combustion engine (ICE) vehicles, the survey highlights significant challenges facing the Indian EV market. This article explores the key findings of the survey, the main concerns of EV owners, and the implications for the future of electric mobility in India.

Key Findings from the Survey

High Dissatisfaction Rates
The survey reveals that 51% of Indian EV owners are dissatisfied with their current vehicles and are contemplating switching back to ICE vehicles. This high level of dissatisfaction underscores the need for improvements in the EV ownership experience.

Charging Anxiety Surpassing Range Anxiety
Charging anxiety has become a more pressing issue than range anxiety for 88% of EV owners. Despite the presence of over 20,000 EV charging stations across India, many users struggle to find accessible and reliable charging points. The lack of visible and operational charging stations contributes significantly to this concern.

Maintenance Challenges
Maintenance is a major pain point for EV owners, with 73% of respondents finding their vehicles difficult to understand and repair. The specialized nature of EV technology often means that local mechanics are not well-equipped to handle repairs, leading to uncertainty about repair costs and limited repair options.

Decline in Resale Value
A notable issue highlighted in the survey is the decline in the resale value of EVs. Approximately 33% of respondents reported a significant drop in the perceived value of their vehicles when seeking resale quotes. This problem is compounded by the lack of standardized testing methods to assess the condition of EV batteries, which are a critical component of the vehicle’s value.

Brand Preferences and Market Dynamics

Popular EV Models
Among the surveyed owners, the TATA Nexon EV emerged as the most popular model, preferred by 61% of respondents. The TATA Punch EV follows with 19% of the preference. TATA’s EVs are highly rated for their design, durability, and safety features, making them a popular choice in the Indian market.

Critique of BYD
BYD, despite generating interest, faces criticism for its pricing strategy and limited availability of test drive options. Addressing these concerns could help BYD improve its standing in the competitive EV market.

Industry Response and Future Outlook

Need for Improved Infrastructure
Amit Lakhotia, Founder & CEO of Park+, highlighted the necessity for a more robust EV charging infrastructure. “Charging anxiety has overtaken range anxiety by a significant margin. As the largest EV charger installer in the country, we will continue to invest in enhancing the EV car ownership experience throughout the vehicle’s lifecycle,” Lakhotia stated.

Addressing the Challenges
The survey underscores the urgent need for industry stakeholders to address the various challenges faced by EV owners. Improvements in charging infrastructure, maintenance support, and resale value assessments are essential for boosting consumer confidence and fostering greater adoption of electric vehicles in India.

Conclusion

The Park+ survey reveals critical issues impacting Indian EV owners, including inadequate charging facilities, maintenance difficulties, and declining resale values. To support the growth of the EV market and enhance the ownership experience, the industry must tackle these challenges effectively.

The post Over 50% of Indian EV Owners Report Dissatisfaction and Plan to Switch Back to ICE Vehicles: Key Issues, Survey Findings, and Expert Insights appeared first on Before You Take.

Key Findings from the Survey

Brand Preferences and Market Dynamics

Industry Response and Future Outlook

Conclusion

Leave a Reply Cancel reply