India’s electric mobility sector is on a steady road to recovery, post a lockdown-induced dip in sales. The sector registered nearly 1.35 lakh EVs in FY21, according to CEEW Centre for Energy Finance’s (CEEW-CEF) electric mobility dashboard.
The updated dashboard released on Wednesday highlighted that electric vehicle (EV) registrations formed 0.88 % of all vehicle registrations in the last financial year – the highest share ever achieved. The Indian automobile market has registered over 6.38 lakh EVs since 2011-12.
Uttar Pradesh, Bihar, and Karnataka were the top three states in terms of EV sales in FY21, said Meghna Nair, analyst, CEEW-CEF. “Uttar Pradesh alone contributed 23% 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,” Nair said.
The mobility dashboard further indicates that two-wheeler and three-wheeler EV sales accounted for nearly 96% of the electric mobility market in FY21. Three-wheeler EVs made up 65% of all EV registrations in FY21, having comprised 83% of the market in the year before.
Two-wheeler EVs, on the other hand, made up 30% of all EV registrations in FY21, previously accounting for only 14% of the market (this includes only two-wheelers with speeds greater than or equal to 25 km/hr).