2023: India's EV sales doubled, 2024 forecasted 66% rise, with state subsidies and infrastructure growth, targeting 30% EV sales by 2030.
India's EV sales are expected to rise 66% this year, following nearly a doubling in 2023, according to research firm Counterpoint. This growth is attributed to state subsidies and the development of supporting infrastructure in the country. By 2030, EVs are predicted to capture almost a third of India's personal vehicle market, with the Indian government targeting 30% EV sales by 2030. Domestic carmaker Tata Motors currently dominates the market, with electric models making up 2% of total car sales in 2023.
April 05, 2024
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