Advancement in Electric Vehicles and Battery Technology and Their Impact on the Global and Indian Market

The global rising greenhouse gas emission (GHG) rate and the improving technology for more efficient automobiles have given electric vehicles a significant boost and penetrative scope on international markets. With their battery technology, EVs offer an alternative to conventional IC engine vehicles. This paper has discussed battery technology advancements that have opened new channels for bringing revolutionary changes to respective EV sectors. A brief comparison of multiple battery sources for technological advancements gives us an idea of their future trends, predicting their market share values, reliability, and scope. This provides us with global market share data for the EV boost amendments. While researching reforms, government initiatives, and the highest revenue market share trends in countries, a factual representation of the values of different countries was conveyed. To keep up with the advancing trends, the Indian government has taken several steps to reform the EV sector, including implementing schemes and regulations that affect state markets to ensure future linear growth at the national level. Collaboration between the government and the private sector has also increased to promote and develop consumer awareness.