Power utilities to earn $11 billion from power demand of Electric Vehicles

Power utilities to earn $11 billion from power demand of Electric Vehicles

India is all set to adopt large number of electric vehicles (EVs) by 2030. A joint study by Assocham and Ernst & Young LLP suggested that the overall electricity demand from large-scale adoption of electric vehicles (EVs) in India is projected to touch 69.6 terawatt hours by 2030, helping power utilities earn an additional revenue of $11 billion

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