6.5% of total vehicles sold in India in 2023 were EVs
6.5% of total vehicles sold in India in 2023 were EVs The electric vehicle market in India is witnessing rapid growth with a year-on-year (y-o-y) surge of ~50% in CY2023. EVs accounted for 6.5% of total vehicle sales during the last calendar year. This growth reflects the rising electric vehicle market share in India, with the E2W segment leading at 56% of total EV sales in CY2023. In terms of y-o-y sales growth, the electric car segment saw the highest…