In Short : Electric vehicle (EV) sales are projected to make up over 25% of global car sales in 2025, driven by strong growth in China and India. While Europe’s EV adoption has plateaued at 20%, the U.S. lags with slower growth. Falling battery costs and increased infrastructure investment are expected to boost EV adoption, […]
India’s EV Sales Cross 2 Million in FY25, Two-Wheelers Drive the Surge – EQ
In Short : India’s EV sales crossed 20 lakh in FY25, marking a 17% annual growth. Electric two-wheelers led the surge with over 1.14 million units sold, making up 58% of total EV sales. Three-wheelers and passenger EVs also grew steadily. Despite progress, EVs formed just 7.8% of overall vehicle sales, highlighting the need for […]
EV sales in India increases 174% YoY to 12,47,120 units in FY23 – EQ Mag
According to data collected from sources, 23,37,761 units of Electric Vehicle (EVs) has been sold till FY 23, where E2W held the largest share with 48.76%, E3W passenger vehicle was just behind with 43.33%. The sales of E3W Cargo and E-Cars were almost the same at 3.65% and 3.85%, respectively. E-bus accounted for just 0.17% […]
Battery raw material shortages can derail EV sales and carbon offset plans – EQ Mag
EV projections show demand for these materials ranging from two to 12 times the current levels by 2030, depending on the mineral, with the largest growth rate for lithium. Plans of electric-vehicle penetration globally for the energy transition to decarbonise the globe may face an unexpected barrier as shortages of key battery raw materials – […]
EV Sales Crossed 1lakh in October 2022 in India – EQ Mag Pro
Electric vehicles saw a surge in sales and they made a hitting point by selling 1 Lakh vehicles this year. This rapid sale could be owned to various factors, the biggest reason being the war between Russia and Ukraine that made the matters worse and led to hefty prices incurred on the oil barrel. As […]
Tata Motors Shows a Growth of 158% Year over Year in the EV Sales for the Month of October 2022 – EQ Mag Pro
Tata Motors PV domestic sales for October 2022 is recorded at 45,217 units, up 33% from October 2021 that sold 33,925 units. Tata Motors has announced its domestic and international sales numbers today for October 2022 and recorded a year-on-year growth of 15%. The company sold 78,335 vehicles in October 2022 as compared to 67,829 […]
EV Sales Likely To Jump By Over 4X By 2025 In India: Deloitte Touche – EQ Mag Pro
Fuelled by the government’s policy intervention and entry of a flurry of new players with multiple models, electric vehicles (EV) sales in India have been growing at a rapid pace. The overall sales of EVs are likely to jump to 1,644,000 units in FY25 and go up further to 15,331,000 units by 2030, according to […]
EV Sales in India to Cross 9 Million Units by 2027: IVCA-EY-Induslaw Report – EQ Mag Pro
The report also says that $1.7 billion was invested in the EV industry in 2021 by PE/VC investors and as reached $666 million in 2022 so far According to a report on “Electrifying Indian Mobility” by The Indian Private Equity and Venture Capital Association (IVCA), EY and IndusLaw, electric vehicle (EV) sales in India will […]
Okaya targets million EV sales, the revenue of ₹10,000 crore by 2025 – EQ Mag Pro
Okaya EV is eying Rs 10,000 crore revenue and aims to sell one million vehicles in the next three years. Okaya Power Group’s EV arm, Okaya Electric Vehicles, is eying Rs 10,000 crore revenue and aims to sell one million vehicles in the next three years. Okaya EV said it has already sold 1.70 lakh […]
BMW expects EV sales to account for over 10 pc of total car sales in India by next year – EQ Mag Pro
German luxury carmaker BMW is expecting electric vehicle sales to account for over 10 percent of its total car sales in India by next year, as it accelerates its electrification journey in the country, a top company official said on Thursday. The company, which launched its all-electric sedan i4 in India at an introductory price […]