EV INTERNATIONAL – India Show is the region’s biggest eMobility event covering not just all kinds of EVs, but also allied segments like Batteries, Charging, Components, Infrastructure, Hybrid Vehicles, Energy Storage & Government Initiatives. It is a platform for all stakeholders in the Smart eMobility ecosystem to display and discuss – new models, technologies & EV solutions that make for cleaner and cost-effective energy alternatives. The challenges are high EV prices, battery manufacturing, charging infrastructure, schemes & subsidies, etc. All of which highlight the booming potential for the eMobility sector over the coming decade.

Armed with strong central and state policy initiatives, the government has made eMobilty its fulcrum to fulfill its COP committments and make India – a global electric hub. Domestically too, the country faces huge energy demand and transition from fossil fuels to renewables is an imperative. Much though needs to be done and EV INTERNATIONAL – India Show aims to be a catalyst to spur the eMobility sector on. To give an example – India reportedly sold around 10,000 cars in 6 years, while China sells more than that in two days. Reacting to huge demand, India’s EV market is expected to grow at 43.13% until 2030 and could be Rs. 50,000 crore by 2025.

The Indian electric vehicle market was worth US $ 1,434.04 Million in 2021, and it is to grow to US $ 15,397.19 Million by 2027, at a CAGR of 47.09% during the forecast period (2022-2027). By 2030, NITI Aayog expects to reach 70% EV market penetration for all commercial vehicles, 30% for private vehicles, 40% for buses, and 80% for two and three-wheelers. This is consistent to reach net zero carbon emissions by 2070. India is the third largest automobile market globally in terms of sales, ahead of Germany and Japan. There is now a push for manufacturers and policymakers to collaborate to shift demand towards greener options. The automotive sector is a major contributor to India’s economy, accounting for 7.1 percent of its GDP and providing significant employment. The Economic Survey 2023 predicts that India’s domestic electric vehicle market will see a 49 percent compound annual growth rate (CAGR) between 2022 and 2030, with 10 million annual sales by 2030. Additionally, the electric vehicle industry is projected to create around 50 million direct and indirect jobs by 2030.