TL;DR
India's EV sector is rapidly expanding, with over 10 million EVs on roads and 52,718 charging stations, driven by growing acceptance of electric two-wheelers and buses.
India's electric vehicle (EV) sector has reached a significant milestone, with EVs now accounting for 8.26% of all vehicle registrations, a substantial increase from just 0.71% in FY20. More than 10 million EVs are currently operating on Indian roads, supported by a public charging network that has expanded to 52,718 stations nationwide.
This rapid transition is still in its nascent stages, with electric two-wheelers gaining widespread acceptance and electric buses becoming favored by state transport undertakings. Battery manufacturers are investing heavily in local production capabilities, further boosting EV adoption as charging infrastructure improves and more models enter the market across various segments, from personal vehicles to public transport.
