100 Percent EVs by 2030 Can Create $300 Billion Market for EV Batteries in India
November 27, 2017
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India could account for more than one-third of the global market for electric vehicle (EV) batteries by 2030 if it becomes a 100% EV nation, found a study conducted by the Niti Aayog and Rocky Mountain Institute. The study also revealed that India’s market for EV batteries alone could be worth as much as $300 billion (~₹19.38 trillion) from 2017 to 2030.