India's EV Market to Hit 1 Crore Annual Sales by 2030: 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](https://inc42.com/buzz/annual-ev-sales-to-touch-1-cr-mark-in-india-by-2030-nitin-gadkari/)