India's $250 Billion Electric Mobility Opportunity By FY30: Praxis Global Alliance

The Praxis Global Alliance has released its comprehensive “Electrify 30” report, highlighting the transformative potential of India’s electric mobility market. As the nation faces significant environmental challenges and economic pressures, the shift towards electric vehicles (EVs) presents a substantial opportunity valued at over $250 billion by FY30.

India’s dependence on crude oil imports, which accounts for 85% of its needs, has exacerbated the trade deficit and emphasized the urgency for cleaner mobility solutions. The country also grapples with severe air pollution, with 14 of its cities ranked among the world's top 20 most polluted. These factors, coupled with India’s ranking as the third-highest emitter of greenhouse gases per square kilometre, underscore the critical need for sustainable transportation initiatives.

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