EV revolution in developing Asia needs cheaper models: report

Green car sales soar in India, Thailand, Indonesia; market shares still low

20230426 Tata EV car

Tata Motors, maker of the Avinya concept electric vehicle pictured here, accounted for 85% of EV sales in India. © Reuters

SAYUMI TAKE, Nikkei staff writer

TOKYO -- Electric vehicle sales are rising quickly in developing Asian countries but further growth will depend on offering cheaper models, many running on two or three wheels, the International Energy Agency said in a report published Wednesday.

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