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India’s EV Market to Reach US$ 209.55 billion by 2030, Will Create 5 Cr Jobs: Union Minister Mr. Nitin Gadkari

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Summary

Union Minister Mr. Nitin Gadkari said India's EV market will reach US$ 209.55 billion crores by 2030, creating five crore jobs. He also highlighted growth in India's automobile industry and efforts to cut logistics costs.

Key Facts

TypeAnalysis

SourceIndia Brand Equity Foundation

PublishedFriday, 28 August 2026

Affected Population1.4 billion consumers, 300 million without reliable power

Key Numbers

500 GW non-fossil fuel capacity target by 2030

Saubhagya: 100% household electrification

175 GW renewable energy installed (2025)

Rs 11.11 lakh crore capital expenditure (2025-26)

Key Authorities

Key Stakeholders

Government Context

NDA IIIBJP-led NDA

Centre-Right

LeftCentreRight

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Energy101 tracked→Transport & Infrastructure74 tracked→

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