India to host Global Electric Vehicle Summit in March-April 2025
India is gearing up to host the Global Electric Vehicle (EV) Summit in March-April, with the year likely being 2025.
Organized by NITI Aayog, with preparatory consultations involving the Ministry of Heavy Industries, the event aims to fast-track India's move toward electric vehicles by bringing together global automakers, policymakers, and industry leaders.
What's the summit about?
The summit will spotlight policies for electric trucks, busses, two- and three-wheelers, plus advances in battery tech and EV charging infrastructure.
With India's EV adoption at just 7.66%—way behind the global average—there's a real push to catch up and hit those 2030 targets.
Why does it matter?
The government just approved ₹7,280 crore for local rare-earth magnet production to cut down on imports—a big step for homegrown EV manufacturing.
The summit is set to attract new investments from both Indian and international players.
Who else is getting involved?
Vietnamese automaker VinFast is expanding its lineup and dealer network in India, showing growing confidence in the market.
The summit could spark even more industry action as India accelerates its EV journey.