China to create 50 million jobs by 2030

China EV Market: India's automobile market is at number three after the US and China. India has overtaken Japan to the third position. In the coming time, India will overtake China and reach the second position.

India EV Market: Union Minister Nitin Gadkari made a big announcement on Thursday about the country's electric vehicle market. The electric vehicle market is expected to touch Rs 20 lakh crore by 2030 and create five crore jobs, he said. He blamed the transport sector for nearly half of the air pollution. Gadkari was speaking at the 8th EVEXPO (Evexpo 2024). The EV finance market is expected to reach Rs 4 lakh crore by 2030.

Fossil fuel is causing a lot of problems.

Gadkari said that Phos-Ltd fuel is creating many problems in the country. He said that we import fuel worth Rs 22 lakh crore, it is a big economic challenge. This import of fossil fuels is creating many problems in our country. The government is focusing on green energy because 44 percent of the country's power basket is solar energy. He said that top priority is being given to the development of green energy from hydro power, followed by solar power and green power from biomass.

Union Minister Gadkari also highlighted the shortage of electric buses. He said the country needs 1 lakh electric buses but the capacity is 50,000. He appealed to auto companies to expand their factories without compromising on quality, saying that this is the right time to do so. When Gadkari took over as the transport minister in 2014, the size of the country's automobile sector was Rs 7 lakh crore and today it is Rs 22 lakh crore.

America's automobile sector is the largest

, he said, "We are the third largest in the world. We have surpassed Japan. India's automobile sector is third in the world after the US (Rs 78 lakh crore) and China (Rs 47 lakh crore). In the coming time, we have to leave China behind. He said that the country needs to reach the top in the coming five years. The future of the industry is good. We have to compete with China in this sector. For this, we need good technology and quality.

Gadkari said that it is important to make lithium-ion batteries. Companies like Tata, Adani and Maruti are in the process of making batteries. There are 16,000 EV charging stations in the country and 2,800 are in the pipeline.