EV sales exceed 1 million

NEW DELHI: Sales of electric vehicles (EVs) in India crossed the one million mark for the first time in FY23, with the two-wheeler segment leading the way. As per a statement by the Society of Manufacturers of Electric Vehicles (SMEV), the EV industry as a whole registered 11,52,021 units, which was 58 percent more than 7,26,861 units in FY22.

Of all the EVs, high-speed two-wheelers recorded the largest sales in FY23 at 7,26,976 units or 62 percent. The sales of two-wheelers also included as many as 120,000 low-speed e-scooters, as well as 2,85,443 low-speed e-rickshaws and about 50,000 e-cycles. All of this brought the total number of low and hi-speed two-wheeler sales in FY23 to 8,46,976 units.

Electric three wheelers sales took the second spot at 34 percent with 4,01,841 units, whereas just 4 percent or 47,217 units of four-wheelers were sold and electric buses stood at 1,904 units or 0.16 percent.