BluSmart's fall raises tough questions for India’s EV future
BluSmart’s shutdown, amid allegations of financial irregularities, exposes deeper cracks in India’s EV and ride-hailing ecosystem. As investor sentiment cools and subsidies wane, questions are surfacing about the long-term viability of EV-only platforms. With many firms shifting to subscription-based models, the sector may be heading for a structural rethink beyond just clean-tech optimism.