Not really. As it stands, we are still someway off before electric
vehicles become mainstream, which is to say when a large number of people start considering them seriously. Right now,
there is a lot of tail wind for EVs due to high fuel prices and
subsidies that they get from state and central government that
makes them attractive to a section of the population. It maybe that some of them may go for a rethink in the short term but that will easily be outnumbered by the lakhs of other people who would be fresh converts. So i dont think there will be a material impact of this on demand. Given the war against climate change, I do not think the government will pull back. It is anyway too far invested already to do so. What it will do is make the regulators and industry more vigilant and hopefully this period of churn which I believe is very necessary will separate the wheat from the chaff.