India EV sector to create 30-40 million jobs

A report by Adecco India projects that India's electric vehicle (EV) sector will generate 30-40 million jobs by 2030, with hiring growing 15-20% annually. The report, based on insights from over 100 companies, highlights that 10-15% of jobs will be direct and 85-90% indirect. Manufacturing remains the largest employment engine, with 50-55% of demand concentrated in hubs like Tamil Nadu, Maharashtra, Gujarat, Karnataka, Telangana, and NCR. However, nearly 70% of new hiring is expected to originate outside traditional clusters, in Tier-II and III corridors such as Hosur, Sanand, and Dholera. The battery recycling market, growing at a CAGR of 55% between FY22 and FY26, is emerging as a fast job-creation space. EV infrastructure hiring is expected to grow 45% over the next decade. Adecco India's Deepesh Gupta noted that India contributes 4% to the global EV passenger car segment and holds 17% market share in two-wheelers, and that states are operationalising policies like India — Delhi's Rs 7,000-crore EV Policy 2026. The report also highlights a 20-25% talent availability gap and the need for reskilling the existing ICE workforce.