Addressing the Electric Vehicle Manufacturing: Charging Ahead to 2047, organised by FICCI on day 2 of the Vibrant Gujarat Global Summit 2024, Union Minister for Road Transport & Highways, Nitin Gadkari, noted the significant revenue contribution of the EV industry as a part of GST to the state and the central government. 

Gadkari highlighted India's achievement under current government, surpassing Japan to become the third-largest automobile market, urging the auto industry to strive towards making India the top global automobile manufacturing hub. "Invest, otherwise you will miss the bus," Gadkari urged, pointing out the over 500% growth in EV sales in 2023 over 2021 and projecting a 50% annual growth rate by 2030. He anticipates 1 crore annual sales and 5 crore employment by 2030, with a reduction in lithium-ion battery costs boosting the industry's growth. 

On occasion, Harsh Sanghavi, Minister of State for Transport, Government of Gujarat, emphasised the state's policy-driven approach and significant role in deploying EVs in public transportation, offering substantial ROI on investments. Dr Mahendra Nath Pandey, Union Minister of Heavy Industries, highlighted the government's role in creating an EV-friendly ecosystem since 2015, with hopes to commence production of Advanced Chemistry Cell (ACC) batteries by February 2024 under PM Modi's guidance.

Sulajja Firodia Motwani, Chair, FICCI Electric Vehicle Committee and Founder & CEO, Kinetic Green Energy & Power Solutions envisions India as a global leader in the EV space by 2047, not just as a major market but also as a hub for technology, components, and manufacturing for the global industry.