- India’s EV market is booming
- The country’s EV market has the potential to reach Rs 20 lakh crore by 2030
- Union Minister Nitin Gadkari believes
The wind of electric vehicles is blowing fast in the Indian auto market. Apart from being environment friendly, electric vehicle has low running cost and maintenance cost. This is why new car buyers Electric carare seen buying scooters and bikes. Many auto companies are also seen launching their powerful electric cars in the market. Recently Maruti Suzuki also offered their new electric car.
Union Minister of Road Transport and Highways Nitin Gadkari has made an important statement regarding the EV market in India. Let’s know more about it.
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Union Road Transport and Highways Minister Nitin Gadkari said on Thursday that the electric vehicle (EV) market will grow to a total of Rs 20 lakh crore by 2030 and create five crore new jobs.
Nitish Gadkari told the Lok Sabha that there are 57 lakh EVs registered in India and sales will accelerate in 2024-25.
Gadkari said, “Currently there are 5.7 lakh EVs registered in India. EV sales are expected to be higher in 2024-25. EV car sales grew by 20.8 per cent, while petrol and diesel sales grew by 4.2 per cent. Two-wheeler EVs grew by 33 per cent and petrol and diesel by 14 per cent. Three-wheeler EVs by 18 per cent and petrol and diesel by 6 per cent. India’s EV market has the potential to reach Rs 20 lakh crore by 2030, with annual vehicle sales of Rs 1 crore, creating over 400 start-ups in the electric two-wheeler market, a growth of 21 per cent from 2024.”
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Lithium reserves in Jammu and Kashmir are beneficial for the country
Gadkari said the cost of lithium-ion batteries has come down to $55 per kilowatt-hour. Also, 6 million tonnes of lithium reserves in Jammu and Kashmir will be beneficial for the country.
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