India’s EV boom could save Rs 1 lakh crore in oil imports by 2030: SBI

India stands to save a staggering Rs 1 lakh crore by 2030 if electric vehicles capture 20% of the market, a recent SBI report reveals. The surge in EV adoption, accelerated by geopolitical events, saw registrations jump significantly. However, the report emphasizes the urgent need to expand charging infrastructure and implement a long-term EV roadmap to sustain this growth and bolster the nation's economy.