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Sales of EVs in India to reach 376k units by 2030, says P&S Intelligence
July 19, 2023 2:21 PM EDTMarket research company, P&S Intelligence released a report Wednesday predicting the sales volume of Electric vehicles in India to be on track to hit 376,000 units by 2030, rising from 37,792 units in 2022 at a 33.3% CAGR.
The rise is mainly attributed to the expanding construction of manufacturing facilities, a boost in foreign direct investment, and a robust effort to enhance the charging infrastructure.
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