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China accounted for nearly 40% of global EV exports in 2024.
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Market Growth and Projections: - Indiaโs EV market is projected to reach USD 54.41 billion in 2025, growing at a CAGR of 19.44% to USD 110.74 billion by 2029. The market revenue is expected to hit USD 69.22 billion by 2033, with a CAGR of 21.40%
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Indiaโs EV Sector Seeks Govt Help as China Curbs Rare Earth Magnet Exports Indiaโs auto industry is raising alarms after China imposed stricter export controls on rare earth magnets, critical for EV motors and components. With over 90% dependency o
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