Indian Electric Vehicle Ecosystem Market is Expected to Grow at a CAGR of 43.13% from 2019 to 2030

The introduction of electric vehicles in the automotive industry of India is a significant step toward curbing the increasing pollution levels in the country. In this regard, the government has intensified the regulatory front in the country and has begun to exert in the direction of upholding the importance of electric vehicles against the conventional fuel-powered vehicles. This has paved way for the growth of new market sectors namely, battery production for electric vehicles, manufacturing of electric vehicles and the installation of charging solutions for the electric vehicles. The market players have been putting efforts into carrying out their research and development activities toward the components of electric vehicles, out of which the lithium-ion batteries constitute a major portion.

Browse the Complete Report: "India Electric Vehicle Ecosystem Market"

In the upcoming years, a complete paradigm shift toward electric vehicles is expected, gradually phasing out the conventional fuel powered vehicle. This is expected to lead to the emergence of new players in the India electric vehicle ecosystem as the new vehicle technology involves an altogether different engineering related to its propulsion and after-sales services. The existing players which are involved in the automotive sector and all its related businesses such as fuel suppliers, and others will have to reshape themselves so as to sustain in the new emerging market.

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The market research offers a wide study on different market segments of the electric vehicle which include EV battery assembly, EV manufacturing EV charging solution.

The report also provides an analysis of the market penetration of new players in India in different sectors of EV market and their contributions across different regions of India. The study focuses on the changing landscape of the India electric vehicle ecosystem market during the forecast period of 2019-2030, owing to the significant developments made by the leading players.

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