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India would require to spend 20 lakh crore for its electric vehicle dream by 2030 says NITI Aayog

India would require to spend 20 lakh crore for its electric vehicle dream by 2030 says NITI Aayog

Government-owned think tank NITI Aayog along U.S based Rocky Mountain Institute released the first two of a series of policy briefs addressing India’s obstacles and opportunities on the path to a shared, electric, and connected mobility future. As the government strives to work towards its commitment to electrify cars in India by 2030, these extensively researched reports outlines “India’s Energy Storage Mission.” Reports say that to meet ambitious EV plan through 100% domestic manufacturing of batteries would require at least 3,500 GWh of batteries at cost of Rs 20 lakh crore from 2017-2030. read more →

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