CosmicTaco

India's EV Market to Hit 1 Crore Annual Sales by 2030: Gadkari

CosmicTaco · 2024-09-11T12:13:42.647727+05:30

- Transport minister Nitin Gadkari announced that India's EV market will be worth INR 20 Lakh Cr by 2030. - Gadkari is optimistic that India will become the largest global automotive manufacturing hub, with the PLI scheme boosting battery cell production. - The Centre plans to launch the third version of the FAME scheme soon. - Gadkari predicts that annual EV sales will reach 1 Cr by 2030, creating 5 Cr jobs. - Despite challenges like high prices and limited charging infrastructure, EV sales have been rising due to government incentives. Source: [Inc42](https://inc42.com/buzz/annual-ev-sales-to-touch-1-cr-mark-in-india-by-2030-nitin-gadkari/)

Transport minister Nitin Gadkari announced that India's EV market will be worth INR 20 Lakh Cr by 2030.
Gadkari is optimistic that India will become the largest global automotive manufacturing hub, with the PLI scheme boosting battery cell production.
The Centre plans to launch the third version of the FAME scheme soon.
Gadkari predicts that annual EV sales will reach 1 Cr by 2030, creating 5 Cr jobs.
Despite challenges like high prices and limited charging infrastructure, EV sales have been rising due to government incentives.

Source: Inc42