NITI Aayog unveils report on unlocking $200 billion potential in India’s electric vehicle sector:

NITI Aayog has released a comprehensive report titled “Unlocking a $200 Billion Opportunity: Electric Vehicles in India,” highlighting the steps needed to accelerate the country’s EV transition. The report notes India’s target of achieving 30% EV sales share by 2030. While global EV sales rose from 918,000 in 2016 to 18.78 million in 2024, India’s sales increased from 50,000 in 2016 to 2.08 million in 2024, indicating a slow but steadily improving pace of adoption.