By using this site, you agree to the Privacy Policy and Terms of Use.
Accept
Weekly DailyWeekly Daily
Notification Show More
Latest News
From Kolkata to the Nation: How ICONIX Is Redefining Brand Success in the Digital Era
May 8, 2025
Dr. Devinder Dhalla’s Bhameshwari Counselling Centre Emerges as the Rising Epicentre for Aspiring Psychologists
May 5, 2025
Respect for the elders of the house has been the strength of Indian culture: Dr. Shashank Kulkarni
April 29, 2025
CUJ Faculty Dr. Shashank Kulkarni Secures Patent for ‘Agricultural Guiding AI Device’
April 27, 2025
Aneesh Sarkar IPS: Journey of a Courageous Police Officer
April 26, 2025
Aa
  • Home
  • Insider
  • Politics
  • Startup
  • Discover
  • Brand Stories
Reading: India’s EV Market Expected to Cross 1-cr Sales Mark Per Year by 2030, Economic Survey Says
Share
Aa
Weekly DailyWeekly Daily
  • ES Money
  • U.K News
  • The Escapist
  • Entertainment
  • Politics
  • Technology
  • Insider
Search
  • Home
  • Insider
  • Politics
  • Startup
  • Discover
  • Brand Stories
Follow US
Home » Blog » India’s EV Market Expected to Cross 1-cr Sales Mark Per Year by 2030, Economic Survey Says
The Escapist

India’s EV Market Expected to Cross 1-cr Sales Mark Per Year by 2030, Economic Survey Says

WM Team
WM Team Published January 31, 2023
Last updated: 2023/01/31 at 3:09 PM
Share
EV market
EV market
SHARE

India’s electric vehicles (EV) market is likely to irritable one crore units annual sales by 2030, definite Economic Survey 2022-23 on Tuesday.

It said the EV market resolve creates five crore direct and indirect jobs. In December 2022, India became the third-largest auto market, surpassing Japan and Germany in terms of sales, said the study tabled in Parliament on Tuesday.

“The locomotive industry is expected to play a critical role in the transition near green energy. The domestic electric busses (EV) market is expected to grow at a compound annual growth rate (CAGR) of 49 percent between 2022 and 2030 and is expected to hit one crore units of annual auctions by 2030,” it said.

Further, the investigation said, “The EV industry will create 5 crore direct and subsidiary jobs by 2030. To support and breed this development, the government has undertaken multiple steps”.

The pre-Budget file also highlighted that the automobile sector is a key driver of India’s economic growth.

You Might Also Like

Rajiv Gandhi Assassination Convict: Controversy

Churachandpur Unrest: Manipur Enforces Prohibitory Orders Amid Ethnic Clashes

McLaren Introduces GTS as Next-Gen GT Supercar: A Power-Packed Upgrade

WHO Designates JN.1 Coronavirus Strain as ‘Variant of Interest’

Prince William and Kate’s Children’s ‘Dinner Rule’ Unveiled

TAGGED: News, Topnews, Weekly Daily
WM Team January 31, 2023
Share this Article
Facebook Twitter Whatsapp Whatsapp LinkedIn Email Copy Link Print
Leave a comment

Leave a Reply Cancel reply

You must be logged in to post a comment.

You Might Also Like

rajiv gandhi
news

Rajiv Gandhi Assassination Convict: Controversy

December 27, 2023
A child with Flag
Politics

Churachandpur Unrest: Manipur Enforces Prohibitory Orders Amid Ethnic Clashes

December 23, 2023
DiscoverInnovation

McLaren Introduces GTS as Next-Gen GT Supercar: A Power-Packed Upgrade

December 20, 2023
Healthnews

WHO Designates JN.1 Coronavirus Strain as ‘Variant of Interest’

December 20, 2023

2023 © Weekly Mail Network. All Rights Reserved.

Removed from reading list

Undo
Welcome Back!

Sign in to your account

Lost your password?