Around 13.92 lakh EVs are presently running on India roads

The sale of EVs in FY 2021-22 has gone up over three times as compared to the sale of EVs in FY 2020-21 from 1,34,460 to 4,28,224.00

Around 13.92 lakh EVs are presently running on India roads

New Delhi: According to the data received from the Ministry of Road Transport and Highways a total of 13,92,265 Electric Vehicles (EVs) are being used on the roads of India as on 3rd August 2022 said the Minister of state for heavy industries Shri Krishan Pal Gurjar today in Rajya sabha.

No. of electric vehicles in Two Wheelers are 5,44,643, in Three Wheeler 7,93,370, and in Four wheelers and above 54,252. 

Further, the sale of EVs in FY 2021-22 has gone up over three times as compared to the sale of EVs in FY 2020-21 from 1,34,460 to 4,28,224.00 as per the information available on VAHAN-4 centralized database of RC (Registration Certificate).

The increase in the sale of EVs is attributed mainly to the incentive provided under FAME India Scheme Phase-II, provided to buyers of electric vehicles meeting FAME criteria in the form of an upfront reduction in the purchase price of electric vehicles. The incentive is linked to battery capacity i.e. Rs. 10,000/KWh for e-3W and e-4W with a cap 20% of the cost of vehicle. Further, the incentive/ subsidies for e-2W has been increased to Rs. 15,000/KWh from Rs. 10,000/KWh with an increase in cap from 20% to 40% of the cost of vehicle w.e.f. 11th June, 2021.

Read Also : FinMin Sitharaman exchange views with Bhargav Dasgupta, VP (Market Solutions), ADB