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EV registrations surge 26% YoY to reach 1.1 million units
The Sunday Guardian
|November 17, 2024
Electric vehicle (EV) registrations saw modest growth in October 2024, primarily driven by a festive season demand boost, leading to a robust year-to-date (YTD) growth in EV penetration across all segments, according to the Haitong report.
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YTD EV penetration improved by 100 basis points (bps) year-over-year (YoY) to reach 7.6 per cent, with total EV registrations rising 26 per cent YoY to 1.1 million units.
This growth was led predominantly by the twowheeler (2W) segment, while the passenger vehicle (PV) segment posted a modest 8 per cent increase.
In October, the sequential penetration rate for electric two-wheelers (E2W) and electric passenger vehicles (EPV) increased by 10 bps, with a YTD rise of 100 bps and 10 bps, respectively.
Dit verhaal komt uit de November 17, 2024-editie van The Sunday Guardian.
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