4.1 million EVs sold in India by March 2024, 80% growth in a year with government incentives.
India's electric vehicle (EV) market is rapidly expanding, with over 4.1 million EVs sold by March 2024, an 80% increase in one year. Government incentives, like waived registration fees, have spurred this growth. Major players, including Tata and startups like BluSmart, are driving innovation across various vehicle types. With increasing pollution concerns, India's shift to EVs presents opportunities for Australia to diversify its imports and reduce dependence on China.
September 20, 2024
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