India is presently witnessing a rapid rise in the adoption of electric vehicles (EVs). Additionally, a decline is being seen in the price of various components, which is making EVs more affordable for people. Both these factors are projected to propel the Indian electric vehicle component market at a 22.1% CAGR during 2020–2030 (forecast period); the market generated $536.1 million in revenue in 2019. But what about the global market's perspective and expectations from the Indian EV components industry? Let us find out!