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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

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3mo ago
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