TL;DR
India's electric vehicle adoption has surged to 7.50% in FY 2024–25, driven by government incentives and a rapidly expanding charging infrastructure.
India's electric vehicle (EV) adoption rate is rapidly increasing, moving from a niche market to a mainstream mobility solution. The latest data reveals a significant surge in EV penetration, rising from a mere 0.71% in FY 2019–20 to an impressive 7.50% in FY 2024–25. This remarkable growth is primarily attributed to a combination of government incentives, a rapidly expanding charging infrastructure, and heightened consumer awareness regarding electric mobility.
Recent announcements from the government are expected to further bolster this mass-scale adoption. The continued expansion of charging networks and stations has played a crucial role in building consumer trust in EV performance. As of FY 2024-25, India has registered a record 19.68 lakh EVs, demonstrating a tenfold increase in penetration over six years. This upward trend is further supported by a strong demand for electric two-wheelers and three-wheelers, along with a focus on domestic production of EV components to reduce import reliance.
