TL;DR
India's EV market is experiencing a significant boom, primarily driven by the mass adoption of electric two-wheelers and three-wheelers in urban mobility.
India's electric vehicle (EV) market is gaining considerable momentum, with recent reports highlighting a significant surge, particularly in the two-wheeler and three-wheeler segments. In the financial year 2024-2025 alone, India sold over 2 million electric vehicles, bringing the total number of EVs on Indian roads to nearly 6.5 million. This growth reflects a mass-market revolution, prioritizing urban mobility solutions rather than luxury electric cars.
Over half of India's EV sales comprise two-wheelers, favoured by commuters for navigating congested cities and mitigating rising fuel costs. Three-wheelers account for another 36% of sales, a segment where India has emerged as a global leader in electrification, with EVs making up over 57% of all sales. For drivers of auto-rickshaws and delivery vehicles, the economic benefits of EVs, including lower running costs and reduced maintenance, are key drivers for adoption.
