Project Description
Description:
Expected Potential Growth of the EV Industry in 2025
Prepared By www.evbahancontrols.com
Issues related to climate change have become a significant concern in recent years. To address the problems effectively, governments of almost all countries across the globe have been encouraging the growth of the electric vehicle (EV) industry. In line with the global pursuit to reduce carbon emissions, India has also put a renewed focus on popularizing clean mobility by supporting the EV industry players with subsidies and supportive regulations.
The overall automobile sector in the country, including electric vehicles and internal combustion engine (ICE) vehicles, currently is the fifth largest in the world and is expected to become the third largest by 2030. The industry contributes around 7.1 per cent of India’s Gross Domestic Product (GDP) and 49 per cent of its manufacturing GDP. While the automotive sector is valued at $ 222 billion, the net worth of the EV market in the country is expected to be just $ 2 billion by 2023 and $ 7.09 billion by 2025.
EVBAHANCONTROLS Become a Major Player to contribute in this ecosystem. EVBAHANCONTROLS Offer an End to End EV Software and Hardware solution to potential businesses. They are offering a Full Range of OCPP-based software and mobile App solutions, collaborating with multiple EV charger manufacturers and Filling the gap of Technical bottlenecks.
We are encouraging potential Investors, Customers, and charger manufacturers to come forward and join hands with us to create a difference in this 500% growing industry.
