The future of electric vehicles in India
Will India achieve its target of selling only EVs by 2030?
The automotive market in India is among the fastest-growing globally and is forecast to be the third-largest car manufacturing nation by 2025, with an annual production base of circa 8 million passenger cars. While India is forecast to become the world’s third-largest car manufacturer by 2025, it is already the third-largest oil importer and spends about USD150 billion annually on imports.
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