The forecast comes in contrast to the government’s ambition, which looks to achieve penetration of electric vehicles (EVs) to 30% of all vehicles sold in India by 2030 Senior executives at Bosch Ltd estimate that 80% or more vehicles sold in India in 2030 will still be powered by the internal combustion engine or ICE technology.
The forecast comes in contrast to the government’s ambition, which looks to achieve penetration of electric vehicles (EVs) to 30% of all vehicles sold in India by 2030. “We strongly believe that the electrification of vehicles in India will start with two- and three-wheelers and that will co-exist with ICE, which will still remain dominant upto 2030.