HomeNewsAutomobileIndia expected to see 1 crore EV sales annually by 2030, create 5 crore jobs: Nitin Gadkari

India expected to see 1 crore EV sales annually by 2030, create 5 crore jobs: Nitin Gadkari

Gadkari said the government has also permitted retrofitting of existing polluting vehicles into hybrid and fully EVs.

December 23, 2023 / 12:26 IST
India expected to see 1 crore EV sales annually by 2030, create 5 crore jobs: Nitin Gadkari

India is likely to see 1 crore Electric Vehicle (EV) sales a year and the segment is expected to generate about 5 crore jobs by 2030, Union minister Nitin Gadkari said on Friday.

Addressing the 19th EV EXPO 2023, Gadkari, "As per the Vahan database, 34.54 lakh EVs are already registered in India." The Union Road Transport and Highways minister asserted that India has the potential to become number 1 EV maker in the world and the government is committed to making India a self-reliant country in clean energy production and mass application.

Gadkari said the government has also permitted retrofitting of existing polluting vehicles into hybrid and fully EVs.

The regulations have been finalised and technology demonstrations done successfully, he added.

He said the government intends to shift public transport and logistics to EVs.

PTI
first published: Dec 23, 2023 12:26 pm

Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!

Subscribe to Tech Newsletters

  • On Saturdays

    Find the best of Al News in one place, specially curated for you every weekend.

  • Daily-Weekdays

    Stay on top of the latest tech trends and biggest startup news.

Advisory Alert: It has come to our attention that certain individuals are representing themselves as affiliates of Moneycontrol and soliciting funds on the false promise of assured returns on their investments. We wish to reiterate that Moneycontrol does not solicit funds from investors and neither does it promise any assured returns. In case you are approached by anyone making such claims, please write to us at grievanceofficer@nw18.com or call on 02268882347