Automakers to pump $10 billion in building EV capacity by 2030 – EQ Mag
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Automakers in India will be pumping in close to $10 billion (₹80,000 crore) to build infrastructure for manufacturing electric vehicles by the end of this decade, the data compiled by ETIG shows. The move comes amid the electrification trend sweeping the automotive industry globally. It is also being prompted by the government’s nudge to ditch pure internal combustion engines in favour of battery-operated vehicles.
The capital expenditure would entail building a couple of green field plants for EVs, investment in battery plants to make batteries from cell level and supporting grid charging infrastructure…Read More...
Source: PTI
