New Delhi: India’s electric vehicle (EV) market is growing and people are switching to electric vehicles. The sale of electric vehicles reporting continuous growth, despite not-so-good economic conditions due to the COVID pandemic.

Battery electric vehicles (BEV) have increased in popularity around the world, but few consumers are put off by the risk of fire and quick degradation associated with EV batteries. Few instances of fires were reported in the past, and few companies have recalled their BEV last year. 
Toyota Motor Corp., a late entrant into the battery electric vehicle (BEV) industry, is putting forth all efforts to ensure that its first mass-market model is safer and lasts longer than competitors' when it goes on sale later this year. 
Toyota is concentrating on balancing three factors: cruising range, battery deterioration, and charging speed, normally BEVs require hours to charge, and quick-charging methods may cause the battery cells to overheat, resulting in degeneration. As a result, cruising range decreases over time, lowering a vehicle's resale value. But Toyota claims that its batteries, which were developed in collaboration with Panasonic Corp, have a unique coolant that does not easily carry energy. In the event of a leak, battery packs are designed to keep the cells and coolant apart.
According to Toyota, this and other innovations mean the new BEV series' batteries will keep more than 90% of their capacity after a decade.
To address consumer concerns about battery life and resale value in Japan, Toyota is considering supplying EVs only through "subscription" - a bid to address concerns about battery life and resale value. In addition to additional advantages, the monthly price would cover the cost of maintenance and battery replacement.
Toyota has stated that the SUV will be available in Japan and other major regions in mid-2022. Toyota has set a target of selling 3.5 million BEVs per year by 2030, thanks to an investment of 8 trillion yen ($70 billion) to electrify its vehicles.