Electric Mobility in India

India's rapid electric vehicle (EV) growth, driven by government support, is projected to reach 17 million annual sales by 2030, transforming the country into a leader in sustainable mobility.

Electric Vehicle (EV) Adoption & Market Share

  • 4.4 million EVs registered as of August 2024
  • 9.5 lakh EVs registered in the first 8 months of 2024
  • 6.6% EV market penetration in India

EVs: Growth Potential

  • Predicted Market Growth: EV sector projected to reach USD 113.99 billion by 2029

Sector Highlights

  • 40% expected share of EVs in India's total automotive market by 2030, generating over USD 100 billion in revenue
  • 1,500 million tonnes estimated cumulative ....
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