India's EV market projected to reach ₹20 lakh Cr by 2030; 57 lakh vehicles registered at 7% penetration

India currently has 57 lakh electric vehicles registered representing 7% market penetration, with the market expected to reach ₹20 lakh crore by 2030, per Road Transport Minister Nitin Gadkari. The TAM is expanding rapidly—EV infra builders (charging, batteries, fleet management) should model 3-5 year unit economics for government and corporate fleet anchors, not consumer retail.

Source: YourStory ↗