Union Minister Nitin Gadkari said that India's electric vehicle market will create 5 million jobs and the market is likely to touch 20 million by 2030. He also blamed almost half of the air pollution on the transport sector.

According to Gadkari, who was speaking at the "8th Catalyst Conference on Sustainability of the Electronic Vehicle Industry - Evexpo 2024", "India's electric vehicle market potential is 20 billion Euros by 2030, and will create five million jobs across the entire EV ecosystem. ." The EV finance market is expected to grow to 4 lakh crore by 2030.

Gadkari said that fossil fuels are creating many problems in the country. "We import fossil fuel worth Rs 22 lakh crore, that is a big economic challenge. And this import of fossil fuel creates many problems in our country," Gadkari said.

The government is focusing on green energy as 44% of India's power basket is solar energy. According to him, the highest priority is given to the development of hydraulic energy, solar energy and, in particular, green energy from biomass.

The minister highlighted the shortage of electric buses. He said that India needs 1 lakh electric buses, but the capacity is 50,000 buses. He asked the car companies to expand their factories without compromising on quality and said that it is the right time to do so.

When he took over as transport minister in 2014, the size of the Indian automobile sector was Rs 7 crore, and today it is Rs 22 crore. "Our number is third in the world. We have just overtaken Japan," he said. India's automobile sector is the third largest in the world, behind the US (78 billion) and China (47 billion).

He said that India needs to rise to the top positions in the next five years. "The future of the industry is good. We have to compete against China in this sector. For that, we need good technology and quality," he said.

The minister stated that the manufacture of lithium-ion batteries is important, and companies like Tata, Adani and Maruti are in the process of manufacturing batteries. India has 16,000 EV charging stations, of which 2,800 are operational.