Business Opportunities in the Booming Electric Vehicle Market

Next Big Cleantech Opportunity in India

Electric vehicles (EV) will make up the majority of new car sales worldwide by 2040, and account for 33% of all the light-duty vehicles on the road.
"After a few years of growth, the solar and wind sectors are going through some challenges and everyone wants to know where the next big opportunity is in India's clean energy market. The obvious answer is battery storage, but EVs have the potential to be massive," said Raj Prabhu, chief executive officer and co-founder of Mercom Capital Group.
In India, the EV category includes e-cars, e-buses, e-scooters, e-rickshaws, and other two-wheelers that can run on electricity.

Business opportunities in EV market:

Public EV chargers

An increasing use of electric vehicles will lead to new business models and market opportunities along the whole value chain.

Partner with EV charging stations

Choose a partner with experience of delivering EV charging programmes for all business models.

Provide battery disposal services

Once the EV battery expired and needs replacement, it needs to be disposed. Specialized service to dispose the battery is another business opportunity.