India’s Electric Vehicle (EV) market has grown by over 60% year-on-year as of Q1 2025, driven by rising fuel costs, policy incentives, and increased public awareness.
According to data from the Ministry of Heavy Industries, India recorded over 3.5 lakh EV registrations between January and March 2025. Two-wheelers continue to dominate the space, led by Ola Electric, Ather Energy, and Bajaj.
Among four-wheelers, Tata Motors’ Nexon EV and MG ZS EV remain market leaders. The recently launched Hyundai Creta EV has also garnered strong interest, particularly in metro cities.
The government’s FAME-II scheme has been extended till 2026, offering subsidies and charging infrastructure support. Companies like Adani and Tata Power are investing heavily in EV charging stations across Tier 2 and Tier 3 cities.
Industry leaders believe India is on track to meet its goal of 30% EV adoption by 2030.
Conclusion:
India’s EV revolution is gathering pace, making sustainable mobility an accessible and mainstream choice for millions.
