September 11, 2023
3 min

5 Mutual Funds to Benefit from the EV Battery Stocks - PersonalFN

India's push for electric vehicles (EVs) is gaining attention in the global automobile industry. The government's support for EVs is seen as a crucial step towards achieving sustainable development, although challenges remain in balancing environmental responsibility and economic prosperity. The growth of EVs in India is driven by government incentives, advancements in battery technology, and increasing consumer demand. India aims to become a manufacturing hub for EVs under its 'Make in India' initiative, but it seeks to reduce reliance on Chinese technology and raw materials. The global market for EV batteries is expected to grow significantly in the coming years.

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Written by
Adhikansh Gupta
Content Manager

Writer and editor who covers the latest trends and innovations in the software-as-a-service (SaaS) industry