1. Home
  2. India
  3. India’s EV Market Hits ₹22 Lakh Crore; Hydrogen Highlighted as Future Fuel by Gadkari – EQ
India’s EV Market Hits ₹22 Lakh Crore; Hydrogen Highlighted as Future Fuel by Gadkari – EQ

India’s EV Market Hits ₹22 Lakh Crore; Hydrogen Highlighted as Future Fuel by Gadkari – EQ

0
0

In Short : India’s electric vehicle (EV) market is now valued at ₹22 lakh crore, showcasing rapid growth and adoption across the country. Union Minister Nitin Gadkari emphasized hydrogen as a crucial future fuel, highlighting its potential to complement EVs. This focus on hydrogen and electric mobility supports India’s clean energy transition, reduces fossil fuel dependence, and promotes sustainable, low-carbon transportation.

In Detail : India’s electric vehicle (EV) market has reached a valuation of ₹22 lakh crore, reflecting rapid growth and increasing adoption across the country. The sector is emerging as a key driver of India’s clean mobility transition.

Union Minister Nitin Gadkari highlighted the importance of hydrogen as a fuel for the future. Hydrogen has the potential to complement EVs and other low-carbon technologies in the transportation sector.

The EV market’s growth is fueled by rising consumer awareness, government incentives, and falling battery costs. These factors have accelerated the adoption of electric two-wheelers, three-wheelers, and passenger vehicles.

Hydrogen technology offers a sustainable alternative for long-distance and heavy-duty transport, where battery-based EVs face limitations. It can support trucks, buses, and industrial applications effectively.

Infrastructure development is a critical aspect of both EV and hydrogen adoption. Charging stations, hydrogen refueling networks, and supportive logistics are needed to ensure smooth deployment and usage.

Government policies, including subsidies, tax benefits, and production-linked incentives, are helping manufacturers scale production and reduce costs for end consumers. These measures also attract investment in clean mobility.

The shift toward EVs and hydrogen contributes to reducing India’s reliance on fossil fuels. This transition helps curb carbon emissions and improves air quality in urban and industrial areas.

Industry stakeholders are collaborating to develop technology, build infrastructure, and create supply chains for EVs and hydrogen. Public-private partnerships are expected to accelerate the adoption of these clean fuels.

Looking ahead, hydrogen and electric mobility are set to play a pivotal role in India’s sustainable transportation future. With continued policy support and innovation, the country aims to achieve significant reductions in emissions while expanding clean energy use.

Anand Gupta Editor - EQ Int'l Media Network