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India's electric mobility sector is on a steady road to recovery, post a lockdown-induced dip in sales. The EV sector registered nearly 1.35 lakh EVs in FY21. This survey was done by CEEW Centre for Energy Finance's (CEEW-CEF) electric mobility dashboard. The updated dashboard highlighted that electric vehicle (EV) registrations formed 0.88 per cent of all vehicle registrations in FY20, which is the highest share ever achieved.
Arunabha Ghosh, CEO, CEEW, said, "Electric mobility is poised to be at the forefront of India's green recovery. In the coming years, the Central and state governments need to reduce uncertainty by rolling out detailed and clear long-term policies. Further, targeted efforts are needed to solve critical challenges such as higher upfront cost of EVs, lack of end-user financing, consumer's range anxiety, and inaccessible charging. The CEEW-CEF dashboard provides key information of over 600 public charging stations in the country."
Moreover, the Indian automobile market has registered over 6.38 lakh EVs since 2011-12. The mobility dashboard further indicates that two-wheeler and three-wheeler EV sales accounted for nearly 96 per cent of the electric mobility market in FY21. Three-wheeler EVs made up 65 per cent of all EV registrations in FY21, having comprised 83 per cent of the market in the year before.
Meghna Nair, Analyst at CEEW-CEF said, "Uttar Pradesh, Bihar, and Karnataka were the top 3 states in terms of EV sales in FY21. Uttar Pradesh alone contributed 23 per cent of the country's sales, with 31,584 EVs sold in FY21. The top 10 states together made 88 per cent of all EVs sold in India. Tripura, however, leads with the highest share of EVs per 1,000 internal combustion engine (ICE) vehicles, with 52 EVs sold for every 1,000 ICE vehicles in FY21."
However, the four-wheeler segment is expected to grow rapidly with over 23 new electric car models scheduled for launch by FY22. The dashboard also highlights that a consumer shifting from a petrol-run sedan to an electric sedan in Delhi NCT could save nearly Rs 30,000 annually in operational expenses.
Thoughts About The Number Of Electric Vehicles Sold In India
Well as the prices of petrol and diesel have been increasing rapidly, customers are slowly switching to electric vehicles. However, choosing an electric vehicle is not only good for low travelling cost but also saving the environment from the harmful gases that the regular IC engines produce.