Electric Mobility in India
India's rapid electric vehicle (EV) growth, driven by government support, is projected to reach 17 million annual sales by 2030, transforming the country into a leader in sustainable mobility.
Electric Vehicle (EV) Adoption & Market Share
- 4.4 million EVs registered as of August 2024
- 9.5 lakh EVs registered in the first 8 months of 2024
- 6.6% EV market penetration in India
EVs: Growth Potential
- Predicted Market Growth: EV sector projected to reach USD 113.99 billion by 2029
Sector Highlights
- 40% expected share of EVs in India's total automotive market by 2030, generating over USD 100 billion in revenue
- 1,500 million tonnes estimated cumulative ....
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