TL;DR
India's EV sector received over ₹2 lakh crore investment in the last five years, but more capital and a structured framework are needed to achieve 2030 electric mobility targets.
India's electric transport sector has seen substantial capital infusion over the last five years, with over ₹2.23 lakh crore deployed between 2020 and 2025 across manufacturing capacity, public subsidies, and charging infrastructure. This highlights a strong push towards electric mobility in the nation.
Despite this significant investment, a new report by the Institute for Energy Economics and Financial Analysis (IEEFA) indicates that a substantial capital gap remains to achieve India's ambitious 2030 targets. The report emphasizes the need for a cohesive investment framework to mobilize the remaining ₹10.2 lakh crore required to meet goals such as 30% EV sales for private cars and 80% for two- and three-wheelers by 2030.
