TL;DR
India's ₹857 crore subsidy fund for electric three-wheelers has been fully utilized three months early due to a surge in adoption, with EVs now comprising over 60% of all three-wheeler sales.
India's ₹857 crore subsidy fund allocated for electric three-wheelers has been completely exhausted, remarkably three months ahead of its scheduled conclusion in March 2026. This rapid utilization underscores an explosive growth in the adoption of electric three-wheelers across the country. In 2025, a total of 750,000 electric three-wheelers were sold, significantly increasing from the previous year's figures.
Electric vehicles now account for over 60% of all three-wheelers sold in India, a stark contrast to the adoption rates in other segments, where electric cars represent about 4.8% of car sales and electric two-wheelers make up 6.2% of two-wheeler sales in the same period. Several factors contribute to this accelerated trend, including the inherent suitability of three-wheelers for electrification and their near price parity with fossil-fuel counterparts when considering lower operating costs.
