Ev Sector: The Economic Survey 2023 predicts that India s domestic electric vehicle market will see a 49 percent compound annual growth rate (CAGR) between 2022 and 2030, with 10 million annual sales by 2030. Notably, an official statement from NITI Aayog also said that the EV industry’s growth in India is expected to create around 5 million jobs by the end of next decade.
The way for entering the EV game has not been decided yet. Though MG will be a preferred choice, the company is also looking to manufacture its own electric cars in India, Jindal said.
Recently, BYD (Build Your Dreams), one of the world's largest electric vehicle (EV) manufacturers, proposed a substantial $1 billion investment to establish an EV and battery manufacturing plant in India, according to The Times Of India report. The collaboration was intended to be with Hyderabad-based Megha Engineering and Infrastructures Ltd., Companies News, Times Now
The electric vehicle (EV) industry in India is rapidly growing, requiring a strategic ecosystem for long-term sustainability. Career prospects are diverse in areas such as engineering, design, sales, marketing, and more. Seekers can obtain relevant formal education, along with specialized courses or certifications in EV technology, to be industry-ready. Seeking relevant work experience, staying updated on industry developments, and considering entrepreneurial pathways provide opportunities for growth and advancement.