India’s EV Penetration Reached 8.5% in FY2025-26
India’s EV Penetration Reached 8.5% in FY2025-26 India’s electric vehicle (EV) market delivered another strong year in FY2025-26, with total registrations going past 25 lakhs units, a 24% year-on-year increase. Moreover, EV penetration reached around 8.5% of total registrations, up from 7.7% in the previous financial year. While this indicates that EV adoption continues to strengthen, the market still remains behind the government’s long-term target of 30% EV penetration by 2030. While the market is price-sensitive, the growth drivers varied…











