India’s EV Mobility Transition
With climate change posing a major threat, EV infrastructure is set to scale rapidly to meet net-zero goals by 2070 and cut fuel imports. EV penetration must grow 8x in eight years to exceed 40%, creating a $118 bn market with 27 mn EV sales in 2032. After FAME II, the GOI launched the PM E-Drive Scheme to boost EV adoption across the spectrum, while PLI initiatives support the “Make in India” thesis.

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