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Automobile
Karnataka tops list for number of electric two-wheelers sold in India

“Karnataka is leading the market of electric 2-wheelers in India. With more than 20K units sold, Karnataka is proving that India roads will be pollution free on time”

Bangalore has been leading EV sales in Karnataka, accounting for the biggest share of 57% of 20,059 sold units, of which 90% are exclusively electric two-wheelers.

The world needs EV adoption in all respects. All parties involved in the Indian context—consumers, government agencies, and OEMs—are motivated by the desire to develop the EV market to its maximum potential. A new analysis from CEEW-CEF predicts that the Indian EV market would reach Rs 16,24,722 crore by 2030, despite numerous studies also supporting this.

The acceptance is widespread, not just in Tier-1 states, which is more intriguing. The most recent statistics show a favourable trend, with Karnataka leading the way with a market penetration rate of 4.66 percent, followed by Goa and Maharashtra, which stand at 4.39 Percent and 3.14 Percent, respectively, for electric bikes and scooters.

Bangalore has been leading EV sales in Karnataka, accounting for the biggest share of 57% of 20,059 sold units, of which 90% are exclusively electric two-wheelers.

Electric two-wheelers are the most successful in terms of demand and sales as the nation prepares for rapid expansion in the EV sector. Sales of electric two-wheelers increased by three times, from 134,821 units in FY20–21 to 429,217 units in FY 21–22, according to the Federation of Automobile Dealers Associations (FADA), showing the industry’s increased pace.

According to Vahan data, the nation’s total E2W sales for the month of June 2022 were a staggering 42,245 units, accounting for a 61 Percent share of all EV sales.

Electric mobility has propelled forward repeatedly, outgrowing challenges like component and chip shortages and EV fire incidents, summarizing the journey’s ups and downs to the transitional stage.

Electric Scooters In India
UP to become an auto hub, EVs will be exported abroad: CM Yogi

Chief Minister Yogi Adityanath’s administration has stated that it will turn western and central Uttar Pradesh into a hub for the auto and electric vehicle sectors and their supporting elements as well as their supporting elements in order to increase the state’s economy to USD 1 trillion.

 

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India's EV revolution could bear fruit by 2030, survey shows

According to a private consumer expectations poll conducted on Monday, almost 66% of Indians believe that by 2030, electric vehicles will outnumber petrol and diesel automobiles.

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More individuals predict that EVs will outnumber diesel and petrol automobiles by 2030: report

In India, electric car adoption appears to have a promising future. In a study of more than 1000 people, 57% of Indian customers said they would invest in electric vehicles (EVs) because of their practical benefits, while 56% said they would do so because EVs are environmentally friendly. These are some of the key conclusions of the most recent report released by the survey firm YouGov India and the tech-first insurance company Acko.

1018 respondents from NCCS A and B households between the ages of 28 and 40 who either had an electric vehicle or planned to purchase one in the following year were polled for the study.