Reliance Industries may earn USD 10-15 bn revenue from new energy biz by 2030
"We expect EV penetration will reach 5 per cent for passenger and commercial vehicles and 21 per cent for two-wheelers. Clean energy could have a TAM (total addressable market) of USD 30 billion in 2030 (USD 10 billion currently). By 2050, we estimate the TAM could reach USD 200 billion and cumulative spending of USD 2 trillion," PTI quoted the brokerage report as saying.
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