In Short : India’s electric L5 three-wheeler market is swiftly shifting from ICE to EVs, fueled by supportive policies, fleet demand, and lower maintenance costs. Government initiatives like the PM E-Drive scheme and state-level EV policies are accelerating adoption. With nearly 700,000 electric three-wheelers sold in 2024, the segment now holds a 57% market share, […]
India’s Rooftop Solar Soars to Record 3.2 GW in 2024, Driven by Policy Push – EQ
In Short : India’s rooftop solar installations hit a record 3.2 GW in 2024, an 86% rise from 2023, driven by the PM Surya Ghar: Muft Bijli Yojana. Residential consumers led with 74% of installations. Gujarat contributed 36%, followed by Maharashtra (20%) and Kerala (9%), pushing total rooftop solar capacity to 13.7 GW by year-end. […]