E-Mobility and Hybrid Fuel Vehicles in India
Valuation: The electric vehicle (EV) market is estimated to reach Rs. 50,000 crore (US$ 7.09 billion) in India by 2025.
- According to NITI Aayog and the Rocky Mountain Institute (RMI), India's EV finance industry is likely to reach Rs. 3.7 lakh crore (US$ 50 billion) by 2030.
CAGR: A report by the India Energy Storage Alliance estimated that the EV market in India is likely to increase at a CAGR of 36% until 2026.
- In addition, projection for the EV battery market is expected to expand at a CAGR of 30% during the same period.
Total Sales: The global EV fleet totalled 8.0 ....
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