CSDIndia Gov in Login Registration Page 2024A Total of 8,59,376 Electric Two Wheelers Sold in the Last Year!
The most recent report on the sale of electric vehicles in India, sourced from the Federation of Automobile Dealers Association (FADA), reveals a notable increase of 49.25% in sales during the preceding calendar year, 2023. The breakdown of EV sales across different categories is as follows:
- Two-wheelers: 6,31,464 units in 2022 to 8,59,376 units in 2023, marking a growth of 36.09%
- Three-wheelers: 3,52,710 units in 2022 to 5,82,793 units in 2023, reflecting a growth of 65.23%
- Commercial Vehicles: 2,649 units in 2022 to 5,673 units in 2023, showing a significant growth of 114.16%
- Passenger Vehicles: 38,240 units in 2022 to 82,105 units in 2023, demonstrating a remarkable growth of 114.71%
- Total EV Sales: From 10,25,063 units in 2022 to 15,29,947 units in 2023, resulting in an overall growth of 49.25%
Moreover, the Government of India has initiated several measures to promote the adoption of electric vehicles nationwide. These include reducing the GST on electric vehicles and chargers/charging stations to 5%, introducing green license plates for battery-operated vehicles by the Ministry of Road Transport & Highways (MoRTH) along with exemption from permit requirements, and advising states to waive road tax on EVs to reduce the initial cost burden for consumers.
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