**Summary:**
NITI Aayog has released a report titled "Unlocking a 200 Billion Opportunity: Electric Vehicles in India," which assesses challenges and highlights strategies to accelerate India's electric mobility transition. Launched on August 4, 2025, the report, accessible at https://niti.gov.in/sites/default/files/2025-08/ElectricVehiclesWEBLOWReport.pdf, aims to support India's goal of achieving a 30% electric vehicle (EV) market share by 2030.
The report notes that while India's EV sales have increased from 50,000 in 2016 to 2.08 million in 2024, compared to global EV sales rising from 918,000 to 18.78 million in the same period, India's EV penetration, though improving, still lags global levels. The report identifies key barriers and recommends actionable steps to promote EV adoption through data-driven decisions and cross-sector collaboration.
The report was developed through stakeholder consultations and presents approaches to expedite India's EV transition. Shri Rajiv Gauba, Member, NITI Aayog, and Shri B. V. R. Subrahmanyam, CEO, NITI Aayog, emphasized the report's role in providing insights and policy recommendations to overcome obstacles and unlock scale in the EV sector. Other dignitaries present at the launch included Shri. Kamran Rizvi, Secretary, Mo Heavy Industries, Shri O. P. Agarwal, Distinguished Fellow, NITI Aayog and Shri Sudhendu Sinha, Programme Director EMobility, NITI Aayog.
Key Entities Referenced
NITI Aayog: A policy think tank of the Government of India.
Electric Vehicles in India: Refers to the electric vehicle sector and market within India.
Report on Unlocking a 200 Billion Opportunity: Electric Vehicles in India: A report launched by NITI Aayog assessing challenges and opportunities in India's electric vehicle transition.
Rajiv Gauba: Member, NITI Aayog.
B. V. R. Subrahmanyam: CEO, NITI Aayog.
Mo Heavy Industries: Ministry of Heavy Industries, Government of India
India: The country which aims to achieve 30% electric vehicle share by 2030.
2030: The target year for India to achieve a 30% share of electric vehicles in total vehicle sales.
NITI Aayog
NITI Aayog Launches the Report on ‘Unlocking a
$200 Billion opportunity: Electric Vehicles in India’
Posted On: 04 AUG 2025 6:26PM by PIB Delhi
NITI Aayog today launched the Report on ‘Unlocking a $200 Billion Opportunity: Electric Vehicles in India,’
which presents a timely and comprehensive assessment of current challenges while highlighting major
unlocks essential to accelerate India’s Electric Mobility transition.
The Report was released by Shri Rajiv Gauba, Member, NITI Aayog in presence of Shri B. V. R.
Subrahmanyam, CEO, NITI Aayog, Shri. Kamran Rizvi, Secretary, M/o Heavy Industries, Shri O. P.
Agarwal, Distinguished Fellow, NITI Aayog and Shri Sudhendu Sinha, Programme Director – E-Mobility,
NITI Aayog among other dignitaries.
India seeks to attain a 30% share of electric vehicles, in the total vehicles sold, by 2030. Sale of EVs in India
went up from 50,000 in 2016 to 2.08 million in 2024 as against global EV sales having risen from 918,000 in
2016 to 18.78 million in 2024. Thus, India’s transition has been slow to start, but it is picking up. India’s EVpenetration was only about one – fifth of the global penetration in 2020, but has picked up to over two-fifth of
the global penetration in 2024. It continues to show an increasing trend, though relatively slow. This calls for
measures to give a stronger push to the EV transition.
Developed through extensive stakeholder consultations across 7 dedicated convenings held at NITI Aayog,
this Report has come out with multiple approaches to accelerate India’s EV transition. To kickstart the entire
effort of accelerating the adoption of EVs, some actions have been recommended as the immediate next steps
in the Report.
The report serves as a blueprint for accelerating India’s EV transition. It identifies key barriers, strategic
unlocks, and actionable recommendations to accelerate EV adoption. By enabling data-driven decisions and
cross-sector collaboration, it supports a unified national push.
Launching the report, Shri Rajiv Gauba, Member, NITI Aayog, said that, “India stands at the cusp of a
transformative shift in clean mobility. As the nation advances its Electric Mobility ambition, this report
provides valuable insights and policy-aligned recommendations to overcome existing barriers and unlock
scale.
Shri BVR Subrahmanyam, CEO, NITI Aayog, added that “NITI Aayog has already been at the forefront of
enabling the ongoing EV revolution. This report offers a timely and comprehensive review of current
challenges, alongside actionable recommendations to fast-track the EV transition in India”.
The Report on ‘Unlocking a $200 Billion opportunity: Electric Vehicles in India’ can be accessed at:
https://niti.gov.in/sites/default/files/2025-08/Electric-Vehicles-WEB-LOW-Report.pdf
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MJPS/SR
(Release ID: 2152240)