Long News Article:
India’s electric vehicle (EV) market has recorded its highest-ever annual growth of nearly 60%, driven by rapid expansion in domestic battery manufacturing and increasing government support for clean mobility. Industry experts say this surge marks a major step towards reducing India’s dependence on fuel imports and achieving its climate targets.
Several new lithium-ion battery plants have become operational across Gujarat, Maharashtra, and Tamil Nadu in the last year. These facilities are not only increasing battery supply but also helping bring down EV production costs. As a result, electric two-wheelers, cars, and commercial vehicles are becoming more affordable for middle-class buyers.
The government’s Production Linked Incentive (PLI) scheme and state-level subsidies have played a crucial role in boosting investor confidence. Public and private sector companies have jointly invested thousands of crores into battery technology, charging infrastructure, and vehicle manufacturing.
Charging station networks are also expanding rapidly across highways and urban areas, reducing the biggest fear of EV users – range anxiety. Cities like Delhi, Bengaluru, and Pune now have thousands of public charging points.
Experts believe that if the current pace continues, electric vehicles could account for more than 30% of total vehicle sales in India by 2030. This shift is expected to create millions of new jobs while significantly cutting pollution levels in major cities.
Also Read- India Accelerates Electric Vehicle Push with New Nationwide Charging Network Plan
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