ABOUT THE EXPO

Global Perspective : The global automotive industry is undergoing a paradigm shift at present in trying to switch to alternative/less energy intensive options. The electric vehicle market has witnessed rapid evolution with the ongoing developments in automotive sector. Favorable government policies and support in terms of subsidies and grants, tax rebates and other non-financial benefits in the form of car pool lane access, and new car registration in the increasing vehicle range, better availability of charging infrastructure and proactive participation by automotive OEMs would drive the global electric vehicle sales.

Indian Scenario : The Indian automotive industry is the fifth largest in the world and is slated to be the third largest by 2030. Catering to a vast domestic market, reliance on the conventional modes of fuel intensive mobility will not be sustainable. In an effort to address this, federal policymakers are developing a mobility option that is “Shared, Connected, and Electric” and have projected an ambitious target of achieving 100 percent electrification by 2030

Fiscal year 2023 has ended and sales of electric vehicles (EVs) in India have scaled a new high, charging past the 100,000-units mark for the sixth month in a row. What’s more, they have crossed the million-units milestone over the past 12 months.

As per Vahan data, cumulative sales till 6pm on March 31, 2023 were 11,71,944 units, hitting the million milestone for the first time in a fiscal. In CY2022, EV sales in India had clocked a total of 10,23,735 units.