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Annual sales of electric vehicles in India to hit 17 million units by 2030, repo...
source link: https://nextbigwhat.com/annual-sales-of-electric-vehicles-in-india-to-hit-17-million-units-by-2030-report-shows/
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Annual sales of electric vehicles in India to hit 17 million units by 2030, report shows
- August 23, 2022
- India’s electric vehicle market is expected to expand at a compounded annual growth rate of 49% between 2021-2030, with the segment’s volumes set to cross annual sales of 17 million by 2030.
- This projected growth is expected to be driven by factors such as rising fuel prices, advancements in EV technology, and continued subsidy support from both the central and state governments.
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