Akshay Singhal

Rise of Electric Vehicle Market in India

The Indian electric vehicles (EV) market is at a very nascent stage comprising of only 1% of the total automobile sales. 95% of the Indian EV market is dominated by 2 and 3-wheelers.  The EV market in India was about 25,000 units at the end of 2016-17. Electric cars and four-wheelers accounted for less than 8% of total sales, according to Society of Manufacturers of the Electric Vehicles.