The NITI Aayog report titled “Unlocking a $200 Billion Opportunity: Electric Vehicles in India” was launched on 4th August 2025 in New Delhi. The report aims to propel India’s Electric Vehicle transition forward by providing a detailed roadmap.
Report Launch and Key Dignitaries
- Shri Rajiv Gauba, Member, NITI Aayog
- Shri B.V.R. Subrahmanyam, CEO, NITI Aayog
- Shri Kamran Rizvi, Secretary, Ministry of Heavy Industries
- Shri O.P. Agarwal, Distinguished Fellow, NITI Aayog
- Shri Sudhendu Sinha, Programme Director – E-Mobility, NITI Aayog
This launch signifies a strong commitment from the government to enhance India’s EV ecosystem.
India’s Ambitious EV Goals
- India aims for 30% EV sales by 2030 across all vehicle categories.
- EV sales in India grew from 50,000 in 2016 to 2.08 million in 2024.
- Global EV sales increased from 918,000 in 2016 to 18.78 million in 2024.
- India’s EV penetration reached over two-fifths in 2024, showing accelerated growth.
Despite progress, India needs to ramp up efforts to match global benchmarks in EV adoption.
Development of the Report
The report is the outcome of extensive stakeholder consultations held by NITI Aayog through multiple sessions. It acts as a strategic guide for India’s EV future, focusing on both economic growth and environmental sustainability.
Key Focus of the Report
- The report highlights current challenges in EV adoption like high costs and limited infrastructure.
- It offers actionable recommendations to overcome barriers, including incentives and investments in charging networks.
- Data-driven decision-making and cross-sector collaboration are emphasized for effective policy alignment and national progress.
Key Takeaways for Competitive Exams:
- India’s EV sector aims for 30% sales by 2030.
- Global EV sales have surged, necessitating India’s acceleration.
- The report provides strategic recommendations for India’s EV growth.
- Critical areas like infrastructure and policy alignment are highlighted for progress.
