Transport minister Nitin Gadkari said that the homegrown EV market will become an INR 20 Lakh Cr opportunity by 2030
Gadkari expressed hope that India will become the biggest global automotive manufacturing hub in the future, adding that the PLI scheme will spur battery cell manufacturing in India
This comes as the Centre is planning to roll out the third version of the Faster Adoption & Manufacturing of Electric Vehicles (FAME) scheme in the coming months
Transport minister Nitin Gadkari has said that annual electric vehicle (EV) sales in India will touch the 1 Cr mark by 2030.
Gadkari also said that the boom in EV sales will create 5 Cr jobs in the country by the end of this decade, PTI reported. He added that the homegrown EV market will become an INR 20 Lakh Cr opportunity by 2030.