TCS Study Fuels Rise in EV Stocks Like Amara Raja, BEL, and Bharat Forge
14th Jan 2025
Electric vehicle (EV) stocks like Amara Raja, Bharat Electronics (BEL), Bharat Forge and Minda Corporation among others gained up to 6% in trade on Tuesday, January 14, following a study released by Tata Consultancy Services (TCS).
TCS Study Highlights Growing EV Demand
This comprehensive report by the leading IT giant, titled the TCS Future-Ready eMobility Study 2025, reveals a growing interest in electric vehicles. According to the study, over 64% of consumers are now likely or very likely to consider an EV as their next purchase.
Consumers Willing to Spend on EVs Despite Charging Concerns
While 60% of consumers identify charging infrastructure as a significant hurdle, a surprising 56% are willing to spend up to $40,000 on an electric vehicle. This shift highlights the potential for EVs in the market and the increasing demand from consumers.
TCS Study Highlights Growing EV Demand
This comprehensive report by the leading IT giant, titled the TCS Future-Ready eMobility Study 2025, reveals a growing interest in electric vehicles. According to the study, over 64% of consumers are now likely or very likely to consider an EV as their next purchase.
Consumers Willing to Spend on EVs Despite Charging Concerns
While 60% of consumers identify charging infrastructure as a significant hurdle, a surprising 56% are willing to spend up to $40,000 on an electric vehicle. This shift highlights the potential for EVs in the market and the increasing demand from consumers.