The India electric vehicle market was valued at USD 5.47 Billion in 2020, and it is expected to reach USD 17.01 Billion by 2026, growing at a CAGR of 23.47% over the forecast period (2021-2026).
The government of India has undertaken multiple initiatives to promote the manufacturing and adoption of electric vehicles in India, to reduce emissions pertaining to international conventions, and to develop e-mobility in the wake of rapid urbanization. To promote the domestic electric vehicle industry, the Indian government has also provided tax exemptions and subsidies to the EV manufacturers and consumers.As per Union Budget 22-23 has put emphasis on the EV industry with the battery swapping policy and opening of defense R&D to private. companies will benefit electric commercial vehicle makers and auto component players considerably.
World of EV Confex is poised to be an iconic confex in the e-mobility sector with a focus on the full spectrum of this segment with domestic and international players. The industry’s pioneers and innovators will be joining this confex as speakers to deliver a bespoke agenda.
