TL;DR
India's EV market grew over 60% annually in the last six years, driven by two-wheelers, government support through FAME-II, and national initiatives like 'Make in India'.
Union Minister HD Kumaraswamy announced that India's electric vehicle (EV) market has experienced remarkable growth, expanding by over 60% annually in the past six years. This impressive trajectory saw EV registrations approach nearly 2 million units in the financial year 2024-25. Two-wheelers continue to be the primary drivers of mass adoption, while electric passenger vehicles, buses, and commercial fleets are also steadily expanding their presence across the country.
The growth is significantly bolstered by the government's FAME-II scheme, which has provided support to over 1.67 million EVs and sanctioned more than 9,000 public charging stations. Kumaraswamy emphasized that India's Net Zero 2070 target is strongly supported by initiatives like 'Make in India' and 'Atmanirbhar Bharat', indicating a concerted national effort towards sustainable mobility and localized manufacturing.
