{"id":543678,"date":"2022-12-16T12:18:03","date_gmt":"2022-12-16T06:48:03","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=543678"},"modified":"2022-12-16T12:18:03","modified_gmt":"2022-12-16T06:48:03","slug":"countrys-electric-vehicles-industry-to-hit-100-billion-by-2030-report","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/countrys-electric-vehicles-industry-to-hit-100-billion-by-2030-report\/","title":{"rendered":"Country\u2019s electric vehicles industry to hit $100 billion by 2030: Report"},"content":{"rendered":"<p>Chennai: India\u2019s electric vehicles (EV) value chain revenue pool is expected to reach anywhere between $76-$100 billion by 2030, says a recent report released by Bain &amp; Company. This could translate to an $8-11 billion profit pool for the EV industry.<\/p>\n<p>\u201cContributors to the auto revenue and profit pools in 2030 will be significantly different,\u201d said Deepak Jain, partner at Bain &amp; Company and co-author of the report. \u201cWhile 40%\u201350% of the revenue pool will come from auto OEMs, new business opportunities such as battery (13%), charging (8%), mobility (6%) will emerge and scale. Unified platforms will become the next big play as many EV ecosystem players are looking for forwards or backwards integration.\u201d<\/p>\n<p>Currently the Indian EV sector has seen $3.7 billion private equity and venture capital investments over the past three years. According to the report, 35%\u201340% of all vehicles sold in India by 2030 will be EVs, up from 2% right now. This would mean approximately 14-16 million new EVs sold each year. The two-wheel and three-wheel EV segments will achieve 40%-45% penetration by 2030, says the report.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Chennai: India\u2019s electric vehicles (EV) value chain revenue pool is expected to reach anywhere between $76-$100 billion by 2030, says a recent report released by Bain &amp; Company. This could translate to an $8-11 billion profit pool for the EV industry. \u201cContributors to the auto revenue and profit pools in 2030 will be significantly different,\u201d said Deepak Jain, partner at Bain &amp; Company and co-author of the report. \u201cWhile 40%\u201350% of the revenue pool will come from auto OEMs, new business opportunities such as battery (13%), charging (8%), mobility (6%) will emerge and scale. Unified platforms will become the next [&hellip;]<\/p>\n","protected":false},"author":44,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[130,246,137],"tags":[],"class_list":["post-543678","post","type-post","status-publish","format-standard","hentry","category-newspapers","category-power-the-times-of-india","category-the-times-of-india"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/543678","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/44"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=543678"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/543678\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=543678"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=543678"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=543678"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}