Whalesbook
India's electric vehicle market has achieved a historic milestone, surpassing two million registrations this calendar year across all segments for the first time. Despite policy shifts, demand remains robust, fueled by falling battery costs, expanding charging infrastructure, and new model launches. The electric two-wheeler segment leads, accounting for 57% of sales, while electric cars and SUVs show a significant 57% growth. Analysts predict healthy mid-teen growth for 2025, indicating a sustainable expansion cycle for EVs in the country.