Chinese dragon's wind will be tight, India's EV industry will be worth Rs 20 lakh crore in 6 years
New Delhi : Union Road Transport and Highways Minister Nitin Gadkari has given a big statement regarding the size of the Indian electric vehicles market. He has said in his statement that the market size of the EV market is expected to reach Rs 20 lakh crore by the year 2030. With this growth, around 5 crore employment opportunities can be created in the entire EV industry.
Nitin Gadkari, during his address at the 8th Catalyst Conference – EV Expo-2024 based on the stability of the e-vehicles industry, said that I hope that by the year 2030, the size of the market for financing electric vehicles will be around Rs 4 lakh crore. Will be up to Rs.
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5 crore employment opportunities
Nitin Gadkari has also said that the capacity of Indian Electric Vehicles market can be up to Rs 20 lakh crore by the year 2030, which will create 5 lakh crore new employment opportunities in the entire EV industry. Road Transport and Highways Minister Nitin Gadkari has said that the transportation sector is responsible for 40 percent air pollution in India.
Government's emphasis on green energy
Nitin Gadkari has said that we import fossil fuels worth Rs 22 lakh crore, which is the biggest economic challenge. Import of fossil fuels is creating many problems in our country. The central government is also focusing its entire focus on green energy, because 44 percent of India's electricity consumption is based on solar energy. We are giving first priority to the development of hydropower and then solar energy, green energy, especially biomass. Now solar energy is one of the essential sources for all of us.
need for electric buses
Gadkari has also highlighted the plight of electric buses in the country. Our country needs 1 lakh electric buses, but currently we have only 50 thousand buses. I urge you all that this is the right time for you to expand your factory. Gadkari has asked electric vehicle manufacturers not to compromise with quality.
turn to leave China behind
Nitin Gadkari has said that when he took over as Transport Minister in 2014, the size of the automobile industry was Rs 7 lakh crore. Giving information, the Minister said that today the size of the automobile sector is Rs 22 lakh crore and with this we are at third place in the world. Our country has recently left Japan behind in this matter. In this list, America is at first place and China is at second place with automobile sector worth Rs 78 lakh crore.
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