Electric Vehicles In India Report 2024. These steps aim to support india's goal of 30% ev penetration by 2030, making electric vehicles more affordable and sustainable. Electric vehicles (evs) could account for more than 40% of india’s automotive market and generate over $100 billion of revenue by 2030.

India’s electric vehicle market is anticipated to expand at a cagr of 28.52% to attain us$18.319 billion by 2029 from us$5.225 billion in 2024. India’s electric vehicle market is booming, with sales hitting 1.2 million.