India's electric car market is growing at a slower pace than other countries. The main issues confronting the EV market are a lack of charging stations, majority of components and batteries being imported from other countries, raising the cost of EVs, concerns about vehicle fuel and whether they can reach their destination, and inconsistent policies. However, much research is being done to build batteries with the highest power and energy densities feasible, but these batteries are expensive. However, as battery technology progresses to the point that it can be used in all applications where lead-acid batteries are currently the most common, their prices will naturally fall. This paper compares and contrasts several battery technologies, as well as current advancements. This study gives knowledge over the factors to consider before using an EV or Hybrid Electric Vehicle (HEV).