TL;DR
India's electric passenger vehicle sales increased by 65% from January to April 2026, contributing to a global EV market growth projected at 15% for the year, fueled by the ongoing energy crisis.
India's electric passenger vehicle (e-PV) market is experiencing significant growth, with sales jumping 65% between January and April 2026, totaling over 86,000 units. This surge aligns with a broader global trend, as the International Energy Agency (IEA) forecasts a 15% year-on-year increase in global electric passenger vehicle demand for 2026, reaching 23 million units.
The IEA report highlights that a considerable portion of this global demand is driven by the ongoing energy crisis, pushing countries like India, which imports over 80% of its crude oil, to accelerate reliance on electric mobility. In 2025, electric car sales worldwide surpassed 20 million units, with one-quarter of all new passenger vehicles being electric. The increasing fuel prices in India are expected to further motivate consumers to transition to EVs.
