Whitepaper: State-wise EV Market Dynamics in India
India’s electric mobility landscape is expanding rapidly, supported by government initiatives, wider consumer acceptance, growing charging networks, and increased investment across the EV ecosystem. However, adoption remains uneven across states, reflecting variations in policy implementation, infrastructure availability, market development, and local mobility requirements.
This whitepaper presents a state-level assessment of EV adoption in India during FY2026, considering both registration volumes and EV penetration. It also explores segment-level performance and the policy, infrastructure, and ecosystem conditions influencing the pace of electrification across states.
Key Highlights
- India’s EV market recorded a CAGR of 50.6% between FY2022 and FY2026. Cumulative EV registrations crossed 80.48 lakh, while EV penetration increased from 2.55% in FY2022 to 8.19% in FY2026.
- The top 10 states contributed 71% of total EV registrations in FY2026. Uttar Pradesh led with a 16.2% market share, followed by Maharashtra at 11% and Karnataka at 8.5%.
- EV adoption is gradually broadening beyond established markets, with states such as Madhya Pradesh and Bihar recording strong growth and emerging as important markets.
- Among the four major segments (e2Ws, e3Ws, e-cars, and e-buses), electric passenger cars recorded the lowest penetration. E-car penetration remained below 10% across the leading 10 states, with Delhi recording the highest level at 8.41%.
- Policy measures across leading EV states have primarily focused on lowering ownership costs and strengthening charging infrastructure, creating the enabling conditions required for wider EV adoption.
The whitepaper covers the following content:
- Executive Summary
- Introduction
- State-wise EV Sales
- Top 10 State-wise EV Penetration
- Segment-wise State Leaders
- Leading Players across States
- Policy Landscape across Leading EV States
- Conclusion and Way forward
Enter email to download the full report: