Nitin Gadkari predicted that the number of electric vehicles in India would grow in the next two years, potentially increasing to 30 million.
Speaking at a launch event of startup products at the Science and Technology Park in Mumbai, Union Transport Minister Nitin Gadkari predicted that the number of electric vehicles in India would grow in the next two years, reaching 3 crores (30 million units).
He said that India has the largest pool of young talent, and there was a need to encourage these innovative minds. “In the electric scooter segment, there are about 250 startups that are working right now, and they have really made good scooters, and all are heavily booked,” said Gadkari –according to Zeenews India.
Gadkari said that “There are currently 12 lakh electric vehicles in the country. By December end, the number will go up to 40 lakh, and in next two years, it will reach 3 crores,”. He also stated that the monopoly of the big brands in the EV segment is getting challenged by smaller ones, and he sees it positively due to the latter bringing equally good quality products.
As of March, the total number of Electric Vehicles in India exceeds 10 lakh (more than 1 million units) and 1,742 EV charging stations.
The government of India is actively encouraging automakers to establish local manufacturing in the country. Indian Ministry has also focused on bringing EV automaker giant Tesla. However, they do not want Tesla to import cars from China. They want Tesla to build a manufacturing site in India instead.