Indian EV Market 2024
More than 4.1 Million EVs have been sold to date in India.
| Year | Total vehicles |
|---|---|
| 2020 | 1,76,202 |
| 2021 | 1,48,382 |
| 2022 | 4,90,697 |
| 2023 | 12,48,866 |
| 2024 | 17,52,406 |
Ministry of Housing and Urban Affairs (MoHUA) recommends that 20% of all parking spaces be equipped with EV charging
Electric 2Ws grew by 28.8% YOY in FY24. Ola, Ather, TVS, and Bajaj Auto have a combined market share of 78%
Electric cars grew by 81.9% YOY in FY24. Tata, MG, and Mahindra have a combined market share of 90%
According to NITI Ayog, India could realize EV sales penetration of 30% of private cars, 70% of commercial cars, and 80% of 2&3 wheelers by 2030
