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'EV sales penetration to cross 7% by FY28'
Hindustan Times Ranchi
|July 17, 2025
Electric car sales penetration is expected to cross 7% by FY28 subject to timely resolution of rare earth element (REE) disruption and riding on the back of new model launches, according to a report by CareEdge Advisory.
The increase in penetration would also be dependent on government push for improving the charging infrastructure in the country.India’s electric car ecosystem has witnessed significant momentum over the past three years, growing from just over 5,000 units in FY21 to more than 1.07 lakh units in FY25, it said.
This story is from the July 17, 2025 edition of Hindustan Times Ranchi.
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