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flag India forecast to have 123 million electric vehicles by 2032, driven by government incentives.

flag A report by the India Energy Storage Alliance and Customised Energy Solutions predicts that India will have 123 million electric vehicles (EVs) by 2032, under the best-case scenario. flag This surge is driven by government support through schemes like FAME-II, which offers incentives for EVs and public charging infrastructure. flag The number of EV charging points is expected to grow significantly, from 76,000 in 2024 to between 0.9 million and 2.1 million by 2032, supporting the country's goal of sustainable transportation and reduced carbon emissions.

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