According to IVCA chairman
The IVCA also launched a report on ‘Electrifying Indian Mobility’ in collaboration with EY and IndusLaw, which estimated that the Indian EV industry will create more than 10 million direct and 50 million indirect jobs by 2030.
Many new and new investors are joining the cart. However, experts believe that the government and larger investor community should work together and work towards more sustainable solutions.
Technology will be an important factor for a successful transition and as technology evolves faster than ever, players will have to make multiple bets to survive and grow during this transition. Therefore, capital becomes a strategic lever as we embark on this journey to electrify mobility, Mulgund said.
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