The Indian mobility industry is expected to double and surpass 600 billion US Dollars by 2030, a report by Google and Boston Consulting Group said.

According to the Think Mobility Report, emerging revenue pools such as electric, shared, and connected mobility are poised to contribute 100 billion US Dollars to the total market by 2030, while a majority of the revenue will come from classic revenue pools comprising classic components, sale of new ICE (internal combustion engine) vehicles, finance and insurance etc.

The report said that around 51 per cent of respondents in the study expressed concern about the non-availability of Electric Vehicle charging infrastructure, 45 per cent about high vehicle cost, 31 per cent about battery life and 20 per cent on a variety of models for four-wheeler (4W) electric vehicles. According to the report, women now influence 52 per cent of decision-making in the electric vehicles (EV) space, surpassing the 38 per cent for internal combustion engine (ICE) vehicles.

The report also said that there is strong demand in India, approximately 80 per cent for features like infotainment, real-time parking assistance, and anti-theft features, while the demand for globally popular connected features such as remote controls remains relatively low. As the market evolves, high-tech solutions should be viewed as tools for personal expression, designed to cater to the diverse preferences of different consumer segments.