India Electric Vehicle Market Size & Trends The India electric vehicle market size was valued at USD 8.49 billion in 2024 and is projected to grow at a CAGR of 40.7% from 2025 to 2030. This growth is fueled by government initiatives, such as subsidies and infrastructure development, designed ...
India has been falling behind other countries in the deployment of electric vehicle (EV), as it has no explicit policy or strategy. This contrasts with the USA, China, Norway and Germany, who have offered substantial subsidies and incentives to upgrade to EVs, to minimize air pollution and ...
India Electric Vehicle Market Trends Government initiatives and stringent norms drive rapid growth in the electric vehicle market in India India's electric vehicle (EV) market is in a growth phase, with the government actively formulating strategies to combat pollution. The Fame India scheme, launched...
India Electric Vehicle Market, By Power Output (Less than 100 KW, 100 to 250 KW and More than 250 KW), Vehicle Class (Mid-Priced and Luxury), Electric Motor Type (DC Motors, Brushless DC Motors, Permanent Magnet Synchronous Motors and Three Phase Induction Motors), Charging Station Type (...
We saw the aforementioned trends unfold differently across these groups.The future of two-wheelers in India is looking electricAbout the McKinsey Center for Future MobilityOEMs can expect the two-wheeler segment, which has dominated the Indian automotive sector for year...
India is setting its sights on ambitious electric vehicle (EV) sales targets by 2029, in line with global trends. The government is emphasizing domestic manufacturing, especially in battery production, to fuel India's EV aspirations. Under the "30@30" initiative and other bold projections, India...
Stay up to date on the evolving topic of carbon neutrality and vehicle electrification trends as the automobile industry heads toward carbon neutrality.
Electric Vehicle Industry Outlook 2024-2032: Trends Analysis by IMARC Group Stay ahead in the fast-evolving electric vehicle (EV) sector with IMARC Group's trend report. This global EV market analysis forecasts trends up to 2032, coupled with a historical context, offering a comprehensive understan...
McKinsey Component Model:This model provides a comprehensive view on how mobility disruptions will shape the supplier market and the underlying component demand. Outputs include those related to future revenues, vehicle and component volume, technology trends and pockets of growth. ...
Further, the EV sales are unevenness across all the 29 states in India, the highest sales of EV in 2022 were Maharashtra State with 34,013 cars, followed by Gujarat State and Uttar Pradesh State (Table 2). Table 1. Net electric vehicle (EV) sales in India for 2019 and 2020 based on...