New-gen Startup Ideas(extremely profitable ) #no.1
EV INDUSTRY
Reason for the emergence of EVs as a profitable business:-
a)Due to the Israel-Palestine war that has been going on for about 70 years but now again it is on the rise, Oil prices might get on a hike, and OPEC that supplies oil to other nations will willingly raise the prices of petroleum, which will cause a severe turmoil, especially in the developing countries.
b)Air pollution is on the rise due to the extreme use of fossil fuels, so, alternative resources are becoming more and more prevalent in today's era.
c)Government is also promoting the use of EVs as a source of transportation and work is underway to set up charging stations for electric vehicles at 22,000 of the 70,000 petrol pumps across the country, the government informed Rajya Sabha(India). 1.3 million public charging stations by 2025. 2.9 million by 2030. Deploying another 2.7 million public charging points in Europe by 2030.
SCOPE OF EVs IN THE WORLD
1)EVs market is expected to be worth at least a 475billion rupees by 2025.
2)The penetration of electric two-wheelers is projected to reach up to 15% by 2025 from 1% currently.
3)The maintenance and running cost of an EV is approximately 80% less than an ICE vehicle.
4)India is among a handful of countries that support the global EV30@30 campaign, which aims for at least new vehicle sales to be electric by 2030.
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