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Significance for the electric vehicle (EV) industry

Finance Minister Nirmala Sitharaman made the announcement when introducing the Union Budget 2023, making electric vehicles (EVs) more affordable in India by extending the subsidies on their batteries. Green Growth was included as one of the top 7 priorities in the Union Budget 2023. The Pro-EV budget focuses on crucial efforts like cutting the customs duty on lithium batteries from 21% to 13%.

The budget is seen as an important step towards India's transition to the electrification of its transport sector. The budget has announced several measures to encourage the adoption of electric vehicles (EVs).

That’s not all. As per the 2023 Economic Survey, India's domestic electric vehicle market would increase at a CAGR of 49% from 2022 to 2030, with annual sales reaching around ten million units by the end of 2030. Furthermore, the EV sector will provide approximately 50 million related and indirect employment by 2030.
Apart from electric vehicles, we believe that there will be significant opportunities to invest across the value chain including component manufacturers, battery and battery management systems, and mobility services.

The Union Budget 2023 places a special focus on the car scrapping policy, giving sufficient cash to replace vehicles older than 15 years. Automobile makers applauded the move, which would present a big opportunity for fleet modernisation while significantly reducing fossil fuel usage. The goal is to eventually benefit the whole automobile industry ecosystem by increasing order volumes for primary electric vehicle equipment manufacturers, increasing output, and creating jobs.

EV & EVSE MSME Development Training Course

Electric Vehicle Technology & Business Management
EV EVSE Business Management Course for Entrepreneurs
India to become a manufacturing hub for electric vehicles in five years. Indian EV industry to represent Rs 500 billion opportunity by 2025.
This Techno Commercial course: Throughout this training session, AEVT bridges the needs of startups so that candidate can understand the technology from basic of EV to EVSE equipment like Lithium-ion battery, Battery pack assembly process, EV Motor, Charger, charging station development and all others parts/ equipment's calculation, selection, building a Legal Foundation, Understanding Finance Basics, Business Planning and Fundraising.
Admission going on for Next week Batch
Today's Offer: FLAT 25% discount for online class
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Testimonial

I wanted to understand EV charging stations as a requirement of my current role. After doing this course, i understand EV charging so well and i am able to take my work to next level. Very knowledgeable teacher and effective way of delivering knowledge.  

- Garima Agrawal,
Manager at World Resources Institute

The courses conducted by AEVT are very much helpful for engineers aspiring to do something in the EV industry. The staffs are well knowledgeable and they repeat the concepts until we understand. The classes are also recorded hence if you are unable to attend classes due to work, you can see the recorded videos. Very much informative and all the current date trends and facts are also discussed during the class. 

- A.S.ABHISHEK RAAJ,
CEO, AKINO TECH PVT LTD

The course, overall was a good experience. Mainly, the trainer was very encouraging and professional. Most important things about AEVT training is EV and EVSE in-depth analysis, like charging station installation and Li-ion battery assembly Practical sessions. The course content is close to industrial standards and though the practicals were few, they were very effective.  

- Loka Abhiram,

Thank you for a great course. Great presentation style with lots of opportunities to ask questions and talk about current / latest examples which all made for a really enjoyable and informative course." "This has more than met my expectations." Thanks a lot. 

- Ganesh Maruti Kanap,
Dy. Manager at JCB India Ltd, Pune



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Interactive Classes

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E-Library Study Materials

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Online Examination

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