Fuelled by the government’s policy intervention and entry of a flurry of new players with multiple models, electric vehicles (EV) sales in India have been growing at a rapid pace.
The overall sales of EVs are likely to jump to 1,644,000 units in FY25 and go up further to 15,331,000 units by 2030, according to Deloitte Touche Tohmatsu India.
It will be largely led by two-wheelers, followed by three-wheelers and commercial vehicles and passenger vehicles, respectively.
Albeit on a low base, the overall sales jumped to 428,213 units in the year that ended in FY22, up from 134,463 units the