Section

EV sales in India likely to grow at CAGR of 35%; annual volumes may cross 27 million by 2032, says report

11 months ago Auto economictimes
The driving force behind this is a confluence of factors, including the availability of the FAME-II subsidy, which has proven to be a catalyst, with a substantial budget allocation of USD 1.2 billion assigned to subsidise various EV segments, it said. The central government's commitment to fostering an indigenous EV ecosystem is evident in the approval of a USD 3.5-billion Production-Linked Incentive (PLI) scheme for the manufacturing of automobiles and auto components, thereby nurturing the development of the EV supply chain in the country, as per the report. Read more at: economictimes

Tags : EV sales in India annual volumes Report Mumbai Electric Vehicle India Electric Vehicle Market Overview 2023 energy advisory India Energy Storage Alliance india electric

Disclaimer : We make no assurance about the completeness and accuracy of the content of this website. All news on this website is collected from various sources hence information may or may not be true. Bollywood charcha does not verify the reliability of the content published. We do not accept any accountability for loss or damage occurred as a result of reliability on the content of this website.

You May Also Like

Auto

Price of petrol cannot be lowered to RM1.50 per litre due to the current price of crude oil – PM Anwar

Auto

GAC Aion Y Plus EV previewed in Malaysia – roomy SUV with 63.2 kWh batt, 430 km range; 1H 2024 launch

Auto

Chery Malaysia Omoda 5 — punca masalah kimpalan gandar dikenal pasti, laman web baru disediakan

Auto

JPJ collected RM4.89 billion in 2022, easily surpassing the RM4.12 billion revenue target it set for the year

Auto

Kuala Lumpur road closures, diversions for PDRM National Sports Day – Saturday Oct 12, 5am to 9:30am

Auto

2024 smart #1 review – could this be the smartest EV choice if you’re transitioning from a premium ICE car?

© Copyright © 2017 Bollywoodcharcha