India’s electric vehicle (EV) industry has touched the milestone of one million unit sales in calendar year 2022, accounting for 4.7 per cent of overall automobile sales.
According to data on the government’s Vahan website, about 1,003,000 EVs have been registered with regional transport offices till December 31. The numbers show a more than threefold increase from 332,000 units sold in 2021. The numbers do not include data from Telangana and Lakshadweep.
The rise in sales was on the back of high individual buying and Business-to-Business (B2B) purchases by EV fleet operators. Adaptation of FAME II and building of charging infrastructure adding to the EV penetration in the country. Manufacturers such as Ola Electric, Ather Energy, and Tata Motors are the big gainers from the higher adoption of EVs.
Monthly sales of EVs crossed the 100,000 mark in October, November and December on festival season demand and year-end discounts. E-vehicle registrations in December were 102,000 units, compared with 115,000 and 119,000 units sold in October and November, respectively.
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