India's Electric Vehicle reaches new milestone

India's EV sector reached a new high in FY2026, with sales increasing by 83.63% to approximately 2.45 million total units, owing to electric two-wheeler supremacy (more than 1.3 million) and an increase in electric passenger car sales. The market is supported by a 17% YoY growth in registrations to 19.7 lakh in FY 2024-25, as well as the ₹10,900 crore PM E-DRIVE initiative.

Key milestones and market data (as of April 2026):

• More than 2.36 million EVs were sold in 2025, a 16% increase over 2024, with some reports citing up to 2.45 million in FY2026, representing a more than 6% adoption rate.
• Two-Wheeler Electric scooter registrations surpassed 13 lakh by 2025.
• Charging infrastructure is apidly expanding, with over 27,000 public charging stations expected by the end of 2025.
• The PM E-DRIVE initiative subsidies, increasing awareness, and rising gasoline prices are all important reasons.
• Ola Electric, Ather Energy, and TVS Motor are the leaders in two-wheelers, while Tata Motors dominates electric passenger vehicles.
• India desires for 30% EV penetration by 2030, with a long-term objective of 100% adoption.