One Crore EV Sales Annually, Generating Nearly 5 Crore Jobs By 2030: Nitin Gadkari
Delhi/Hyderabad, March 30 (Maxim News): India may see one crore EV sales annually by 2030, generating nearly 5 crore jobs, according to Nitin Gadkari, Union Minister of Road Transport and Highways.
Click Here To Join Us On WhatsApp
Driven by conducive government policies and incentives towards a green future, India now has more than 150 two wheeler electric vehicle (EV) startups, a new report said on Wednesday.
According to an analysis by global investment advisory firm Bernstein, the Indian EV segment is expected to grow 15-20 times to reach annual sales of 15-20 million units over the next decade.
Click Here To Join Us On WhatsApp
“Around 85 per cent of the 65 models launched last year were such products – high speed as against speed and range-constrained products, which used to be a feature of the startups, “according to the Bernstein report.
“The average battery capacity for new launches increased from 2.3 kWh (kilowatt-hour) in 2022 to 3 kWh,” the analysis noted.
Click Here To Join Us On WhatsApp
TechCrunch was first to report on the Bernstein analysis. The new EV manufacturing policy, announced by the Central government last week, aims to not only attract global players to India but also stress on domestic value addition.
The new policy sets the stage for a vibrant future-mobility global manufacturing hub in the country. The policy fixes a minimum investment of Rs. 4,150 crore for foreign companies who want to set up EV manufacturing facilities in the country.
Click Here To Join Us On WhatsApp
The Indian EV market is experiencing notable expansion, with a particular focus on meeting the surging demand for cleaner transportation, which is also necessitating a parallel expansion of charging infrastructure to cater to escalating demand. (Maxim News)
Next Story :
Waqf Board Reviews UMEED Central Portal Work
![Waqf Board Reviews UMEED Central Portal Work]()
Hyderabad, Feb. 17 (Maxim News): The Telangana Waqf Board reviewed progress on the UMEED Central Portal and set a ten day deadline to clear pending entries.
BRS Wins Ibrahimpatnam Municipal Chairperson Post
![BRS Wins Ibrahimpatnam Municipal Chairperson Post]()
BRS wins Ibrahimpatnam Municipal chairperson post after tense voting and clash between Congress and BRS councillors in Ranga Reddy district.
No One Will Bow To Pressure: Jaishankar
![No One Will Bow To Pressure: Jaishankar]()
Berlin/Internet/Hyderabad, Feb 17 (Maxim News): External Affairs Minister S. Jaishankar said that political pressure will not work in the matter of oil purchases. He made it clear that the purchases will be based on national interests. He was speaking at the Munich Security Conference in Germany.
Congress Calls Telangana Leaders To Delhi After Strong Civic Poll Show
![Congress Calls Telangana Leaders To Delhi After Strong Civic Poll Show]()
Hyderabad, Feb. 17 (Maxim News): The Indian National Congress has strengthened its position in Telangana after strong results in the recent municipal elections. The party not only secured good numbers but also used political strategy to capture more municipalities. Following the results, the party high command invited Chief Minister Revanth Reddy, ministers and key state leaders to…
Now you can get the latest stories from Indtoday on Telegram every day. Click the link to subscribe. Click to follow Indtoday’s Facebook page, Twitter and Instagram. For all the latest Hyderabad News updates
