Electric vehicle sales rose 49% in 2023

Chandigarh, February 6

Electric vehicle (EV) sales in India jumped by 49.25% year-on-year to 15,29,947 units in 2023. The volume was driven by two-wheelers followed by three-wheelers and passenger vehicles. The EV industry recorded total sales of 10,25,063 units in 2022.

The data was shared by the Minister of State for Heavy Industries, Krishan Pal Gurjar, in the Lok Sabha in a written reply to a question regarding whether or not the sales of electric vehicle declining.

According to the data submitted to the ministry by the Federation of Automobile Dealers Association (FADA), the two-wheeler sales grew by 36.09% to 8,59,376 units and three-wheeler sales surged 65.23% to 5,82,793 units. Electric passenger vehicle sales grew by 114.71% to 82,105 units last year.

Further, commercial electric vehicle sales rose 114.16 per cent year-on-year to 5,673 units in 2023, compared to 2,649 vehicles in the preceding year.