mumbai indias electric vehicles ev value chain revenue pool is expected to reach usd 76100 billion by 2030 potentially translating to a usd 811 billion profit pool a report said on thursday according to the report released by bain company the domestic ev sector has already seen usd 37 billion private equity and venture capital investments in this space over the past three years and this number looks set to increase significantly as the industry transforms the domestic automotive market is poised for a rapid ev growth due to the convergence of factors including government incentives improving cost competitiveness and original equipment manufacturer oem investment in the industry along with increased customer readiness and awareness it said the report indicates that 3540 per cent of all vehicles sold in india by 2030 will be evs up from 2 per cent in 2022 this equates to approximately 14 million to 16 million new evs sold each year it also noted that driven by a host of factors the electric two and threewheeler segments will be vanguards for the adoption of these vehicles achieving 4045 per cent of penetration by 2030 the 4w electric passenger vehicles pv segment which includes passenger cars utility vehicles and multipurpose vans is expected to fall behind the adoption curve this segment is still expected to account for 1520 per cent of total 4w pv sales by the end of this decade it stated contributors to the auto revenue and profit pools in 2030 will be significantly different from those in todays automotive industry while 4050 per cent of this revenue pool will come from the auto oems it will be significantly altered in nature and composition new business opportunities such as battery 13 per cent charging 8 per cent and mobility 6 per cent will emerge and scale said deepak jain a partner at bain company interestingly fourwheeler electric pvs will constitute the largest segment of the revenue pool by about 41 per cent by value despite seeing relatively lower penetration and volumes followed closely by twowheelers at 33 per cent electric buses will also see a penetration curve similar to that of pvs by 2030 driven in large part by state transport undertakings focused on fleet electrification for intracity transport it added while we believe that deep ev penetration in india by 2030 is a realistic scenario five key areas need to align to make it a reality first global battery prices need to fall 2030 per cent over the long term to drive competitiveness second oems need to build a sustainable evspecific business model for the indian market third a sustained focus on safety particularly for batteries fourth continued regulatory and incentive support from government and lastly indias charging infrastructure will need to significantly expand to support the projected volume of evs on the road said mihir sampat partner at bain company