5 crore jobs will be created in the Electric Vehicles sector of the country by 2030, this much will be the capacity of the EV market

Nitin Gadkari Xpic 1734607693

India’s electric vehicle market is set to witness spectacular growth in the future. Union Minister Nitin Gadkari on Thursday said the country’s EV sector will generate around 5 crore jobs by 2023. Gadkari said the Indian electric vehicle market has the potential to reach Rs 20 lakh crore by 2030. The Union minister also said the size of the electric vehicle finance market will be around Rs 4 lakh crore by 2030, PTI reported.

40% of air pollution in India is due to the transport sector

According to the news, the Minister of Road Transport and Highways said that 40 percent of air pollution in India is caused by the transport sector. India imports fossil fuels worth Rs 22 lakh crore, which is a big economic challenge. This import of fossil fuels is creating a lot of problems in our country. According to Gadkari, the government is focusing on green energy as 44 percent of India’s electricity consumption comes from solar energy.

Energy development is a top priority

Gadkari said that we are giving top priority to the development of our hydro power, then solar energy, green energy, especially energy from biomass. Solar energy is one of the important sources for all of us. He told that India is facing a shortage of electric buses. Our country needs one lakh electric buses, but our capacity is of 50,000 buses. I request the companies that this is the right time to expand your factory.

Size of the Indian automobile industry

Gadkari also asked automobile companies not to compromise on the quality of electric vehicles. Gadkari said that when he took over as Transport Minister in 2014, the size of India’s automobile industry was Rs 7 lakh crore. Today the size of the automobile sector is Rs 22 lakh crore. We are number three in the world. We have left Japan behind. The size of America’s automobile industry is Rs 78 lakh crore, followed by China (Rs 47 lakh crore) and India (Rs 22 lakh crore).