EV Revolution: Can India Hit 30% Sales Target by 2030?

The NITI Aayog on Monday unveiled a comprehensive report charting a course for accelerated electric vehicle (EV) adoption in India. The ambitious goal: 30% EV sales penetration by 2030.

This target follows a remarkable surge in EV sales, with figures reaching a significant 2.08 million units in 2024. This impressive growth underscores the burgeoning demand and market potential.

However, the report highlights the need for robust policy interventions to sustain this momentum. Further incentives and infrastructure development are crucial to fully unlock the estimated $200 billion opportunity presented by the EV sector.

The success of this ambitious plan hinges on overcoming challenges related to charging infrastructure, battery technology, and consumer affordability. Failure to address these issues could significantly hinder India’s progress towards its climate goals and economic aspirations. The report’s recommendations will be closely scrutinised by policymakers as they navigate this crucial phase of India’s energy transition.

Karanveer Sharma

A dedicated journalist and legal expert with a passion for uncovering the truth and advocating for justice. With hands-on experience in investigative journalism, legal research, and case analysis, I possess a strong ability to break down complex legal and societal issues into clear, impactful narratives. My work is driven by a commitment to transparency, integrity, and empowering people with accurate, insightful information.