Promising Future of Electric Vehicle Industry in India

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[vc_row][vc_column][vc_column_text][/vc_column_text][/vc_column][/vc_row][vc_row][vc_column][vc_column_text]As the price of fuel is surging, electric vehicles can help you save big as it will cost around Rs. 1.1/km. Experts believe that the future of electric vehicles is very promising and the market is projected to reach USD 47 billion by 2026.

The Indian automotive industry is the fifth-largest in the world, catering to the vast domestic market. Owing to the rising price of fuel, there will be less dependence on the conventional modes of fuel-intensive mobility.  This will make shifts towards EVs and the demand for electric vehicles is expected to surge in the coming years.

Reasons why EVs are gaining popularity:

  • Cost-efficient vehicle
  • Zero emission vehicles
  • Reduce petroleum dependence
  • New policies launched by government to promote EVs
  • Governments investing to develop EV charging stations

[/vc_column_text][/vc_column][/vc_row][vc_row][vc_column][vc_column_text]Careers in Electric vehicles

The auto industry giants have made big investments in electric automobile technology. The rise in production of EVs will create excellent employment opportunities for mechanics and engineers aspiring to make careers in the auto industry. Workforce having experience in automotive manufacturing can grab some high-paying jobs.  As more cars will be on the road, the career in the maintenance of electric vehicles, including hybrids, plug-in hybrids, and all-electric vehicles will witness extensive demand.

The government is taking various initiatives and introducing profitable policies to promote EVs. They have projected a target of achieving 100% electrification by 2030. By making shifts towards EVs, the demand for electric vehicle is expected to surge in the next few years. The electric vehicles will gradually overtake the automotive industry.

“The government has allowed 100% foreign direct investment in this sector. This will aid the automatic rout market tin gaining momentum in the coming years. The skilled people in the technology and manufacturing sectors will have ample job opportunities in the coming years.[/vc_column_text][/vc_column][/vc_row]

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