India becomes the world’s largest electric car manufacturer in five years

India aims to become an electric vehicle manufacturing hub by 2030, according to Nitin Gadkari

Alliance Road Transport Minister Nitin Gadkari recently announced that India will become the world’s largest electric vehicle manufacturer in the next five years. He spoke at an event, which was the launch of the electric cycle, with a focus on the tempting prospect of alternative fuels.

Growth of the Indian auto industry

According to Gadkari, in 2014, India had little support for electric vehicles. However, electric vehicles have grown significantly. The Indian auto industry has grown from rupee. 2014 was 14 billion rupees. 2.2 million million makes it the third largest automobile market in the world, surpassing Japan and second only to the United States and China.

Increase demand for electric vehicles

As the prices of lithium-ion batteries continue to fall, the growth of electric vehicles, especially the growth of electronic cycles, is very important. Ongoing research is underway to make technology cheaper, thus driving potential demand in the future.

Gardkari also stressed that the development of infrastructure supporting electric vehicles is crucial to mobilizing demand. The production of specialized cycle tracks similar to European cities will help enhance cycling in India.

Investing in alternative fuels

The demand for alternative fuels is huge as India is spending rupees. Rs 22 billion crore of fossil fuel imports each year. Production of bio-CNG, asphalt and aviation fuel from agricultural waste, such as straw is also important. In this way, it may be easier to justify spending on alternative infrastructure.

prospect

Plans to increase electrification appear to be to promote local manufacturing and reduce excessive spending. However, clear strategies will be needed rather than reflecting European cities, as Indian cities have different needs and manufacturers need to take a different approach compared to the rest of the world.

According to Nitin Gadkari, The Indian Post has become the world’s largest electric car manufacturer in five years.