In 2023, even as India's passenger vehicle (PV) sales* grew 10% YoY, its electric vehicle (EV*) sales nearly doubled to account for 2% of the overall PV sales. This EV surge can be attributed to multiple factors, including increasing urban consumer interest, government initiatives, infrastr...
Approximately 14 million electric car vehicles were sold across the world in 2023, in which it made up 18% of total car sales, up from 14% in 2022.
Can you describe the current market status of EVs in India? Which car companies are the main contenders or are leading the way in EV production, as well as EV sales in India? What does the future look like for the EV market in India, such as what are the policies, etc.?
ETO Motors is a 360-degree electric mobility solution provider. We offer electric three wheelers, electric autos and EV charging solutions in India.
The India electric vehicle industry is significantly impacted by these initiatives, driving growth in EV sales. Environmental concerns also play a significant role in shaping the market landscape. With growing awareness of climate change and air pollution, electric vehicles are being viewed as a ...
India overtook China in 2023 to become the biggest market for electric three-wheelers, with over 580,000 sales, the International Energy Agency said inits latest "Global EV Outlook" report. The country is also the second-largest electric two-wheeler market globally, the report added, with...
Global EV sales continue strong. A total of 4,3 million new BEVs and PHEVs were delivered during the first half of 2022, an increase of +62 % compared to 2021 H1. The regional growth pattern is shifting, though. Following 2 years of steep sales increases in Europe, EVs gained only ...
TATA MOTORS ACCOUNTS FOR OVER 60% OF EV SALES IN INDIA, DRIVING BATTERY PACK DEMAND The Indian electric vehicle market is still in a developing phase, and the demand for electric vehicles is growing gradually in the country. Consumers in India are looking for economical options, and various br...
FDI in Transport, EV sales and Governance in India: Probing Co-integration Through VECM ModelFDITransport InfrastructureGovernment policiesElectric vehicles (EVs)Mobility FrameworkVECM modelIndias transport sector is constantly evolving, owing to rapid urbanization, increased pollution, and burgeoning ...
According to data from VAHAN, India’s electric two-wheeler market experienced a notable surge in sales in the third quarter of FY 2023-24 (Q3 FY 24) compared to the previous quarter (Q2 FY 24), with a 34.42 percent increase. This uptick is also reflected by the robust sa...