India's EV Market to Reach Rs 20 Lakh Cr by 2030, Create 5 Cr Jobs: Gadkari
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India's EV Market to Reach Rs 20 Lakh Cr by 2030, Create 5 Cr Jobs: Gadkari
Addressing a summit organised by the CII-ITC Centre of Excellence for Sustainable Development, Gadkari said that currently 57 lakh electric vehicles are registered in India, with 7 per cent market penetration
India's EV market to reach Rs 20 lakh cr by 2030, will create 5 cr jobs: Nitin Gadkari
India's electric vehicle market is projected to reach twenty lakh crore rupees by 2030. This significant growth is expected to generate five crore new employment opportunities across the nation. The government aims to make India's automobile industry the world's number one within five years. Current logistics costs are being reduced, aiding global market competitiveness. Bio-fuel is identified as a key component for the future of transportation.
Union Road Transport and Highways Minister Nitin Gadkari said on Wednesday that India's electric vehicle (EV) market could reach ₹20 lakh crore by 2030. The sector also has the potential to create around 50 million jobs.
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