India electric vehicle sales up 20 per cent in FY20

Electric vehicle sales in the country increased by 20 per cent to 156,000 units in the last financial year. According to data available with industry body Society of Manufacturers of Electric Vehicles (SMEV), this includes 152,000 two-wheelers, 3400 cars and 600 buses.

The corresponding sale for the FY 18-19 was 126,000 two-wheelers, 3600 cars and around 400 buses making a total of 130,000 units.

This growth of 20 per cent has largely come from two-wheelers. This figure does not include E Rickshaws which is still largely with the unorganized sector with a reported sale of around 90,000 units. The corresponding figures of the E-ricks sold in the previous year have not been documented.

Of the electric two-wheelers sold last fiscal, 97 per cent were electric scooters and a very small volume of motorcycles and electric cycles accounted for the remaining 3 per cent. Low-speed scooters that have a max speed of 25km/hr and do not need registration with the transport authorities constituted a whopping 90 per cent of all electric two-wheelers sold.

In the electric four-wheeler segment, 3400 units were sold compared to 3600 units in the previous fiscal year. The decrease in numbers is attributed mainly due to lack of bulk purchase of E-cars in FY 19-20 and discontinuation of one of the leading car models.

The acceptability of electric cars in the premium segment in the second half of the year was a positive signal of a quantum jump of a much higher volume of E-cars in FY 20-21.

The E-Taxi segment is also beginning to get some traction, though the range of E-cars and lack of charging spots in enough density are a deterrent in the growth of E-taxi segment. E-Buses went into a Yo-Yo of big commitments by the state governments not translating into purchases, SMEV said.

ET Energy World
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