New Delhi, Aug. 4 -- NITI Aayog Member Rajiv Gauba has made a strong pitch for accelerating India's transition to electric mobility while also laying thrust on boosting production of rare earth elements in the country and leveraging the country's untapped potential in the sector.

Speaking at the launch of 'Unlocking a $200 Billion Opportunity: Electric Vehicles in India | India Electric Mobility Index (IEMI) 2024,' Gauba highlighted the emerging rare earth magnet issue as both a challenge and an opportunity. "World over, people are now exploring other sources, working on other innovative technologies," he said, noting that the Centre has launched a critical mineral mission to address these concerns.

Gauba stressed that India possesses l...