News › Markets  ·  27 Aug 2026, 3:02 PM IST  ·  5 days ago

India's EV market to reach Rs 20 lakh cr by 2030, will create 5 cr jobs: Nitin Gadkari

Bias: Neutral 0

In one line — India's electric vehicle market is projected to reach twenty lakh crore rupees by 2030. This significant growth is expected to generate five crore new employment opportunities across the nation. The government aims to ma

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Source: Economic Times · AI-summarised by Anadi · Updated 27 Aug 2026, 3:30 PM IST

What Happened

India's electric vehicle market is projected to reach twenty lakh crore rupees by 2030. This significant growth is expected to generate five crore new employment opportunities across the nation. The government aims to make India's automobile industry the world's number one within five years. Current logistics costs are being reduced, aiding global market competitiveness. Bio-fuel is identified as a key component for the future of transportation.