Real estate consultant Colliers India on Wednesday released a report 'EVs in India: Renewed Vigour in Electric Mobility', highlighting that overall EV penetration rate in India stood at 8%. It estimated sales of around 2 million (20 lakh) EVs in 2024.
"Although the pace of EV adoption in the country has been commendable, it has not been as brisk as anticipated," the consultant pointed out.
The report mentioned that individual companies across the EV landscape have announced plans to invest $40 billion (₹3,40,000 crore) in a phased manner till 2030. Out of this, $27 billion is planned for lithium-ion battery manufacturing and $9 billion for OE (Original Equipment) and EV manufacturing.
This story is from the December 12, 2024 edition of Hindustan Times Ranchi.
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This story is from the December 12, 2024 edition of Hindustan Times Ranchi.
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