India Electric Vehicle Market is expected to expand at a CAGR of 94.4% from 2021 to 2030
India Electric Vehicle Industry Overview The India electric vehicle market size is expected to reach USD 152.21 billion by 2030, according to a new report by Grand View Research, Inc. The market is expected to expand at a CAGR of 94.4% from 2021 to 2030. The stringent regulations being drafted by the Indian government in response to the rising levels of vehicular emissions and the growing demand for environment-friendly vehicles are expected to drive the growth of the market over the forecast period. The efforts being pursued by the government to develop sustainable charging infrastructure in India also bodes well for the growth of the market. India Electric Vehicle Market Segmentation Grand View Research has segmented the India electric vehicle market based on product and vehicle type: Based on the Product Insights, the market is segmented into BEV and PHEV The BEV segment accounted for the largest revenue share of around 96% of the overall mark...