For a long time, electric vehicles (EVs) have been considered the long-term solution for mobility in the global market. The transition to battery powered mobility has been a point of contention for the global automotive industry, but it seems inevitable. The Government of India has been a strong advocate of this transition for a decade, with Union Minister of Transport and Highways. The Indian market is not only adopting electric vehicles (EVs) at a large scale but is also encouraging original equipment manufacturers in India to locally produce EVs, thereby reducing dependence on foreign markets of import. To achieve this, it is necessary to create a larger demand so that buyers are attracted to cleaner battery-powered vehicles over traditional fossil fuel – powered vehicles. The implementation of the Faster Adoption and manufacturing of Electric Vehicles (FAME) scheme has significantly accelerated this transformative journey. Launched in 2015, the FAME scheme aimed to promote the adoption of EVs in India through incentives and subsidies. While FAME 1 provided initial impetus, it was FAME 2.0, introduced in 2019, that greatly boosted EV sales across various segments. So, the burning question is whether electric vehicles (EVs) can survive in the Indian market in the long run without subsidies. At this point, it is difficult to make predictions since the market share of EVs in India is less than 10% and there is still a long way to go before a rapid transition from internal combustion engine (ICE) vehicles to battery-powered vehicles begins. However, two aspects should be considered before drawing any conclusions. On World EV Day, the shift to electric vehicles is not just a technological change – it is redefining how we move, with a deep commitment to the environment. India’s auto component manufacturers are leading this effort, making significant innovations in EV- specific components such as batteries and motors.