Market share of electric cars in India accelerates past 4 pc in May

THE market share of electric passenger vehicles (EVs) in India accelerated past the 4 per cent mark in May this year, from 2.6 per cent in the same month of the previous year, reflecting the increasing popularity of electric cars among Indian buyers as the country transitions to green mobility, data compiled by the Federation of Automobile Dealers Associations (FADA) shows.

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The share of electric passenger sales in May is also 0.5 percentage points higher than the 3.5 per cent share in April as part of the rising trend.

The retail data shows 12,304 electric cars were sold during the month, compared to just 8,029 units in May 2024. The sales of electric cars in April this year stood at 12,233 units.

"This is an important milestone in our industry's journey towards electrification. This growth has been driven by improvements in battery technology, better range, and lower costs compared to earlier electric PV models," Fada CEO Saharsh Damani said.