EV INDIA 2024 An Electric Motor Vehicle Show
19th-21st November 2024, India Expo Centre, Gr. Noida , U.P., NCR, India.
EV India Expo 2024 is an International Electric Motor Vehicle Show will provides the opportunity and platform to electric vehicle manufacturers to showcase their latest Products, technology and equipment, Smart and NextGen Transport, electric passenger car, scooter, motorcycle, cycles, buses etc to meet and network with the trade industry as well as end users with the main aim to find out new business and protection of the environment.
EV India Expo is the best public interactive platform for resources sharing, product purchase and brand display for the people and industry.
Electric Vehicle
An Industry Overview
Electric vehicles in India are here to solve much bigger issues, like rising pollution and reducing oil dependency. Since electric vehicles have a lower cost of operation, India is a unique market, as it is easy to attract fleet operators, public transportation, and shared mobility platforms. The interest among consumers in the adoption of electric cars is growing multifold, but the actual adoption seems to be moving very slowly. India has barely sold more than 8,000 electric cars in six years, whereas China sells more than that in two days, according to a Bloomberg report from October 2019.
The goal is now to come on par with China, the USA, and Japan in terms of the manufacturing and sales of passenger and commercial electric vehicles. The electric vehicle market is expected to grow at a CAGR of 43.13% between 2019 and 2030. The electric vehicle industry will follow a J-curve in the coming years and will suddenly shoot up after 2020–2024. The next couple of years are crucial for the Indian electric vehicle industry, as the market is poised to grow like never before. The electric vehicle (EV) market is likely to be a ₹50,000-crore opportunity in India by 2025, with two- and three-wheelers expected to drive higher electrification of vehicles in the medium term.
At the same time, India is still tackling various challenges in terms of range anxiety, high prices of electric vehicles (electric four-wheelers), battery manufacturing capabilities, electricity demand and lack of charging stations, among others. Government has been pushing the EV industry to the best of their efforts. It cannot be denied that government funding, subsidy and incentives have helped fuel the demand of EVs in the market