Forecasting EV Market Trends in India: A Deep Learning Approach for Two/Three-Wheelers

This research paper presents a comprehensive analysis of machine learning models for predicting future sales of electric vehicles (EVs) in the Indian Market. With a specific focus on 2 and 3 wheeler sales. The study compares different machine learning approaches, including Linear Regression, Support Vector Regression (SVR), Long Short-Term Memory (LSTM) Neural Network, Through an evaluation of their respective errors, LSTM Neural Network method demonstrates superior prediction accuracy, making it the preferred model for forecasting EV sales, specifically 2 wheeler and 3 wheeler sales over the next five years. The paper aims to present the forecasted sales figures, in hopes of providing valuable insights into the future trajectory of EV sales and serving as a vital resource for stakeholders in the electric vehicle industry.