How is India charging ahead in EVs?

India's journey towards electric mobility is gaining momentum, with a staggering increase in EV sales reaching 600X growth over the past decade. An impressive annual growth rate of approximately 80% has been fueled by conducive policies, rising consumer awareness, expanding infrastructure, and a steady decrease in technology costs. However, EVs still have a long way to go, as penetration still accounts for 6.7% in FY 24.

Referencing the CEEW - CEF Electric Mobility dashboard, this infographic offers a clear view of India's robust EV sector in FY 24.