worked on analyzing the Electric Vehicle market in India using Market Segmentation Analysis and Machine Learning Algorithms.
With the current depletion of fossil fuels and its price hike, there is a need for another energy resource to run the vehicle. The automobile sector is considering Electric Vehicle as a solution to the industry and environment in India. However, the current market penetration of EV is relatively low despite governments implementing EV policies. Through this report we will analyse the potential scope of Electric vehicle in India and the potential market segments and suitable locations that new emerging Electric Vehicles Start-ups should target in their early market stages.
The specific objectives of this report are:
- erns and behaviours related to electrical vehicles.
- Indian Electric vehicle market segmentation using segmentation analysis and clustering to develop a feasible strategy for an EV Start-up to enter the market, targeting the segments most likely to use Electric vehicles.
- To identify the states/locations which are feasible for a new EV Start-up to set up their operations in the early market.
In data preprocessing we use different machine learning libraries, which help to understand the dataset and analyze are follow:
- pandas
- NumPy
- Seaborn
- Matplotlib
First of all, import all libraries, once all these libraries were imported, we started understanding the datasets.