Electric Cars: Every third car in the country will be electric, big revelation in SBI report!

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After petrol-diesel and CNG, the electric segment is growing rapidly and in the coming times, there can be a jump in the sales of electric vehicles. Recently, a government report has revealed that by 2030, the picture of EVs in India can change and 30 to 35 percent of the vehicles sold in the country will be electric.

SBI Capital Market report has informed that petrol and diesel vehicles will remain in the market but the demand for electric vehicles will increase. According to reports, both battery and electronic drive unit are essential components in electric vehicles and their cost accounts for 50 percent of the total cost of the vehicle.

Government is taking steps to boost EV

The government is also making every effort to boost the electric segment, PLAI scheme for advanced chemistry cells was launched to reduce the prices of EVs. Currently, original equipment manufacturers are buying 75% of batteries from outside but in the coming time, companies can start manufacturing batteries themselves.

The picture will change with the investment of billions of rupees

According to the report, it is estimated that 100 gigawatt EV battery capacity will be created by investing Rs 500 to 600 billion by 2030. Not only this, Rs 200 billion will also be needed to expand the charging station infrastructure.

EV Policy was praised

SBI Capital Market report has praised the EV policy. PM E Drive scheme is not only promoting electric vehicles but also providing support for expanding the charging infrastructure. The report says that when it comes to private vehicles, people pay the most attention to design, performance, safety and comfort.