The electric vehicle (EV) market in India is set to grow significantly in the coming years. According to a report by Bloomberg New Energy Finance, about a third of the vehicles sold in India will be electric by 2030. However, the infrastructure for repairing and servicing EVs & EV batteries is lacking. In this article we explore how this industry might possibly evolve and share our thoughts on this important topic.

 

Technology is rapidly transforming the automotive industry and is set to continue its dominance in the coming years of 2023-2024. In recent years, it has undergone a seismic shift, and this transformation is only going to accelerate in the years ahead. Advanced technologies such as artificial intelligence, machine learning, and the Internet of Things (IOT) are now at the forefront of the industry, paving the way for a new era of driving.

 

Read more : Express Computer

What are the current market trends influencing the need for battery manufacturing in India?

There are two opportunities in battery manufacturing: one is for electric vehicles (EVs), and the other is for energy storage systems (ESS). Each of them stands alone as a significant portion. The Central FAME-II policy, which provides incentives to the producers of electric vehicles, is the primary demand-side driver for EVs.

 

Read more : Energy-Storage-Market

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