India's Clean Energy Push: Electric Vehicles And Battery Storage Lead The Way

New Delhi: As India aims to achieve 30 per cent of electric vehicle sales by 2030, a step forward to becoming a green economy by reducing carbon emissions and increasing use of renewable energy, electric vehicle industry has been at forefront of nation's mobility revolution. India's renewable energy sector, backed by government initiatives and a robust policy framework, is set to drive country’s transition to clean energy, with a special focus on integrating battery storage systems. Narendra Modi government at Centre has set an ambitious target of achieving 500 GW of renewable energy by 2030, led by solar and wind energy, which aligns with growing need for efficient energy storage solutions to ensure a stable and reliable grid.

To contribute to government’s ambitious goal 17th edition of Renewable Energy India Expo is set to be organised in Greater Noida along with second edition of Battery Show India, creating a comprehensive platform for renewable energy and electric vehicle sectors to converge.

PM Surya Ghar Scheme Saw 300 Percent Rise In Residential Solar Installations

As per experts, battery industry plays a pivotal role in this transformation, with EV market expected to surge from US dollar 34.8 billion in 2024 to US dollar 120 billion by 2030. Initiatives like PM Surya Ghar scheme, which saw a 300 per cent rise in residential solar installations, and FAME scheme for electric vehicles, have boosted solar option and laid foundation for a sustainable energy ecosystem.

Startups and private investments in battery manufacturing, energy storage, and EV technologies are expected to play a crucial role, contributing over US dollar 10 billion in next three years, furr positioning India as a leer in green energy and battery sectors.

managing director of Informa Markets in India, Yogesh Mudras said, “India's ambitious goal of achieving 30 per cent electric vehicle sales by 2030 places EV industry at forefront of nation's mobility revolution, with around 4 million electric vehicles alrey in use, 95 per cent of which are two and three-wheelers. At same time, renewable energy sector has witnessed significant strides, with installed capacity reaching 200 GW as of August 2024, alongside record solar investments and initiatives like PM-Surya Ghar Muft Bijli Yojana, benefiting millions of households.”

“By bringing toger global stakeholders, startups, and policymakers, both platforms are instrumental in driving technological vancements, fostering sustainable practices, and reinforcing India's role as a global leer in energy transformation. synergy between renewable energy and battery sectors will continue to shape nation’s journey towards a clean, electrified future, aligning with India’s long-term vision of sustainable growth and energy security,” he furr ded.

Mudra asserted that both events will not only spotlight India’s leership in renewable energy and electric mobility but also act as key catalysts for industry-wide collaboration and innovation.

2024 edition of expo will feature over 700 exhibitors, with 85 per cent domestic and 15 per cent international participation, including delegations from Germany and Middle East.

event will showcase more than 850 brands and is expected to attract over 50,000 tre visitors. This year’s key focus areas include Solar Energy, Wind Energy, Bioenergy and Energy Storage.

Alongside expo, Battery Show India 2024, will feature over 300 brands, and 75 speakers, and attract more than 20,000 visitors from sectors. me for 2024, "Net Zero Strategies, Synergies, and Sustainable Growth," will guide sessions exploring latest battery sector trends.