With nearly a dozen EV fire incidents in the past six months, Indians will turn more cautious towards switching to electric vehicles, according to Suraj Ghosh, Director, Mobility, S&P Global.
Ghosh told Benzinga that “the increase in fire incidents of late has definitely brought in an element of doubt in the prospective customers’ minds, especially in the 2W category.”
“As EVs are still at an early stage of adoption, such incidents have the potential to impede the pace of acceptance, and that’s not desirable,” he further added.
What Happened: This came after recently, Indian two-wheeler electric vehicle maker Okinawa Autotech voluntarily recalled 3,215 units of its Praise Pro scooter to fix any issues related to batteries after two fire incidents in a row.
The company, which has the second-largest market share for two-wheeler EVs in the country, was in trouble after one of its scooters burst into flames, claiming the lives of a man …