The objective of conference 2022: To discuss the opportunities, issues, technical aspects, and challenges faced by stakeholders at a single platform for the growth of E- Vehicle Industry in India. It will identify potential areas of investment by overseas as well as the Indian players in the supply value chain of manufacturing, charging infrastructure, battery technologies, and smart mobility technologies.
The electric vehicle industry ?
- The EV Expo 2022 provides a platform to meet potential customers in the electric vehicle industry. Exposing cutting-edge technologies and electric vehicles at this event is very exciting.
- It is an excellent opportunity to connect with, communicate with, and sell products to a highly targeted audience who will be engaged throughout the event.
- EV Expo India 2022 provides an opportunity to network with a variety of audiences in the electric mobility industry. Featuring over 200 suppliers, you can learn about the latest
- EV innovations and get a close-up look at cutting-edge technologies.
- Approximately 35,000 people are expected to attend the show, which is expected to draw more than 200 exhibitors.
Prospects for the EV market
According to CEEW-CEF, in-vehicle production and charging infrastructure will require cumulative investments of nearly 180 billion dollars, or Rs 12,50,000 crore, by 2030. It is imperative that India invest heavily in Research and Development and product development when it comes to both automobile platforms and battery/charging technologies.
In this decade, NITI Aayog says 70 percent of all commercial cars, 30 percent of private cars, 40 percent of buses, and 80 percent of the two-wheelers and three-wheelers sales will be electric.
To realize this ambition, 158 GWh of battery capacity would need to be installed annually by FY30, creating a lucrative market opportunity for domestic manufacturers.
Infrastructure for charging would also be a major opportunity.
Over 2.9 million public charging points will be required in India by FY30, beyond in-home charging points. Investments between now and 2030 would be up to $2.9 billion (Rs 20,600 crore).
Factors driving the electric vehicle industry in India
- EV batteries have become less expensive over the past decade.
- Electric vehicles have become cheaper as EV batteries are one of the most expensive components
- It is expected that the price of EV batteries will decrease, thereby reducing the cost of EVs
- Government subsidies and policies to promote the sale of EVs.
Stringent emission regulations for the motor vehicle industry.