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Govt Encouraging Adoption Of EVs But No Question Of Doing Anything Forcible To Stop ICE Vehicles, Says Gadkari

Govt Encouraging Adoption Of EVs But No Question Of Doing Anything Forcible To Stop ICE Vehicles, Says Gadkari
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India s Transition To EVs Require Rs 19 7 Lakh Crore, EV Finance Industry To Grow To Rs 3 7 Lakh Crore By 2030: Report

India’s Transition To EVs Require Rs 19.7 Lakh Crore, EV Finance Industry To Grow To Rs 3.7 Lakh Crore By 2030: Report by Swarajya Staff - Mar 10, 2021 07:43 AM Electric Vehicle Charging Station by TATA Power in Delhi (Pradeep Gaur/Mint via GettyImages) NITI Aayog and Rocky Mountain Institute (RMI) India released a new report ‘Mobilising Electric Vehicle Financing in India’, which highlights the role of finance in the India’s transition to electric vehicles (EVs). It analyses that the transition will require a cumulative capital investment of USD 266 billion (Rs 19.7 lakh crore) in EVs, charging infrastructure, and batteries over the next decade.

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