Monthly Archives: March 2023
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Electric vehicles (EVs) are becoming increasingly popular worldwide, and India is no exception. With the government's push towards EVs and the increasing awareness of the benefits of electric mobility, there has been a significant increase in the adoption of EVs in India. However, the question remains, is India EV ready? To answer this question, let us first look at the current state of EV adoption in India.
According to a report by the Society of Manufacturers of Electric Vehicles (SMEV), India sold over 143,000 EVs in FY 2020-21, a significant increase from the previous year's sales of around 3,400 units. However, this number is still very low compared to the total number of vehicles sold in India, which is expected to be around 2.4 million units in FY 2021-22. One of the major reasons for the slow adoption of EVs in India is the lack of charging infrastructure. While the government has announced various schemes to promote EV charging infrastructure, the progress has been slow.