Around 0.88 per cent of vehicles registered in India in FY 2020-21 were electric vehicles (EVs), which is the highest share that EVs have yet achieved. The electric mobility dashboard of the CEEW Centre for Energy Finance (CEEW-CEF) shows that 1.35 lakh EVs were registered in the country in the previous financial year.
Amongst that, the highest number of sales was recorded in the states of Karnataka, Bihar, and Uttar Pradesh.
CEEW-CEF analyst Meghna Nair told the Economic Times, “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% 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.”
Moreover, two-wheeler and three-wheelers made up for 65 per cent and 30 per cent of the total EV registrations in the given time period.
On the other hand, almost 23 new electric car models are set to be launched in the ongoing financial year. This is set to exponentially enhance the four-wheeler segment that occupies only around 4 per cent of the total market share currently.
In fact, any consumer shifting from a petrol sedan to an electric sedan in the Delhi-NCR ends up saving Rs 30000 in operational costs on an annual basis. This can further drive the wider adoption of EVs that is set to become one of the targeted objectives of the central government in the coming times.