The ‘Auto EV India 2022’ is the place to meet a targeted clientele passionate about the EV industry. It is the perfect event to showcase new technologies and EV products.
This is great opportunity for the industry players to meet, communicate and sell their products to a highly engaged targeted audience.
The ‘Auto EV India 2022’ is the place to network with a variety of audience in the electric mobility industry. Connect with more than 200+ suppliers and source the latest technology, product and services so you can get an up-close look at cutting-edge H/EV technology and learn about the latest market innovations from across the industry.
More than 200 exhibitors and 35,000 attendees are expected to attend the show.
EV Market Potential
CEEW-CEF study estimates a cumulative investment need of over $180 billion, Rs 12,50,000 crore, in vehicle production and charging infrastructure until 2030. EV technology evolution in India requires sizable investment in R&D and product development, both on the automobile platforms and battery/charging technology.
India’s EV ambition requires estimated annual battery capacity of 158 GWh by FY30. The cumulative EV sales is estimated to cross over 100 million by FY30.
The aspiration as stipulated by NITI Aayog, states that 70 per cent of all commercial cars, 30 per cent of private cars, 40 per cent of buses, and 80 per cent of two-wheeler (2W) and three-wheeler (3W) sales would be electric by the end of this decade.
Realising this ambition would require an estimated annual battery capacity of 158 GWh by FY30, which provides a massive market opportunity for domestic manufacturers.
Another big opportunity would be in the area of charging infrastructure. India would need a network of over 2.9 million public charging points by FY30, beyond the in-home charging points. This would require investment of up to $ 2.9 billion (Rs 20,600 crore) until 2030.
Growth Drivers of Indian Electric Vehicle Industry
- The cost of EV batteries has been decreasing over the past decade.
- This has led to a decrease in cost of the electric vehicles as EV batteries are one of the most expensive parts of an electric vehicle.
- The prices of EV batteries are expected to fall which will greatly reduce the price of EV’s making.
- Favorable Government subsidies and policies to promote sales.
- Strict Government regulations on vehicle emission to boost growth.