Electric Vehicles

Delhi’s EV Policy 2.0: Addressing Carbon Credit Challenges and Identifying Key Beneficiaries

May 16, 2025
JMK Research
Electric Vehicles

Delhi’s EV Policy 2.0: Addressing Carbon Credit Challenges and Identifying Key Beneficiaries Sustainable urban mobility has become a growing priority across Indian states, driving progressive policy initiatives to accelerate electric vehicle (EV) adoption. As cities worldwide work to curb emissions, Delhi has taken a pioneering step by proposing carbon credit for EV buyers under its Draft EV Policy 2.0. The city’s first EV Policy, introduced in 2020, focused on reducing vehicular emissions, promoting clean transport, and strengthening EV infrastructure through…

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India’s Electric Mobility Shift: The Rise of TVS and Bajaj in the Two-Wheeler Market

May 9, 2025
JMK Research
Electric Vehicles

India’s Electric Mobility Shift: The Rise of TVS and Bajaj in the Two-Wheeler Market India’s electric two-wheeler (E2W) market has witnessed significant growth in recent years, with legacy manufacturers like TVS Motor and Bajaj Auto making notable strides. Despite facing competition from pure-play electric vehicle (EV) startups such as Ola Electric, Ather Energy, and Ampere Vehicles, these established ICE 2-Wheeler manufacturers have leveraged their experience and infrastructure to capture substantial market share in last 2 years. Their proactive approach in…

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FY2025 Sees Record 2 Million EV Sales in India, Up 15.6% YoY

April 7, 2025
JMK Research
Electric Vehicles

FY2025 Sees Record 2 Million EV Sales in India, Up 15.6% YoY India is moving towards a cleaner and smarter future on electric wheels. In just a few years, electric vehicles have gone from being a rare sight to a common part of daily life. By the end of FY2025, nearly 6.2 million EVs are now on Indian roads, showing how fast the country is embracing change. This fiscal year, India crossed an important milestone—more than 2 million EVs were…

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India’s Electric Vehicle Sales crossed 2 million in CY2024

January 3, 2025
JMK Research
Electric Vehicles

India’s Electric Vehicle Sales crossed 2 million in CY2024 The future of mobility is electric, and India is riding the wave of the e-mobility revolution. As of 2024, the country boasts over 5.6 million Electric Vehicles (EVs). Electric vehicle sales in India have reached a historic milestone this year, crossing the 2 million mark for the first time. In 2023, total EV sales were ~1.6 million units; Excitingly, in 2024 that figure surged to over 2 million units, marking a…

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