EV Sales

Two-Wheeler EV Market Surge To 9.12% First Time: FADA.

The Federation of Automobile Dealers Association (FADA) in its report identified a surge in electric vehicle sales. The report identified a notable increase in the two-wheeler electric vehicle (EV) market share. The EV market received a jump to 9.12% for the first time according to FADA. The 2024 vehicle data on the challenges faced by […]

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Five Trends Which Can Shape Lithium-Ion Market In 2024

The lithium market is experiencing a period of transition as demand growth slows and the industry adjusts to changing dynamics, according to Wood Mackenzie’s ‘Lithium: Five things to watch in 2024’ report. It stated, “While lithium remains a crucial raw material for batteries, its growth rate is decelerating due to a maturing market, subdued electric […]

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Electric Vehicle Sales In Delhi Touch 19.5% In December: Minister

Delhi Transport Minister Kailash Gahlot said that the national capital recorded a massive 19.5 percent sales of Electric Vehicles (EVs) in December 2023. He said that it was the highest growth in any Indian state. He shared the information on his official social media handle. “Delhi records a massive 19.5% EV sales of the overall […]

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2023 To See China, India EV Sales Go Beyond 10 Million For First Time

Even as industry celebrated crossing the 1 million EV sales mark in India by September, the global leader, China is expected to surpass 10 million new energy vehicle sales this year, according to a recent report. EVs accounted for 6.4 per cent of the total automobile sales in the country this year, with two wheelers […]

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50% Of India’s 3-Wheeler Registrations In 2022 Were Electric, Says IEA Report

A latest global report on Electric Vehicles (EVs) by the International Energy Agency (IEA) claimed that around half of India’s three-wheeler registrations in 2022 were electric, hinting at the increased penetration of electric mobility in the country. The report said that sales of electric 3-wheelers in both passenger and cargo segments touched 4,25,000 units in 2022.  […]

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New Financing Association Forms Platform for FIIs that Finance EVs

A group of financiers that are actively financing electric vehicles have joined hands to launch an association, Electric Mobility Financiers Association of India (EMFAI). EMFAI will prove to be a common platform for all the financial institutions involved in financing electric vehicles and other products as well as services relevant to the ecosystem. The association […]

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IEEFA: Skyrocketing EV Sales in China Spell a No-turning-back Step Change in Global Energy Landscape

The jury is in. The global race between passenger electric vehicles and hydrogen fuel cells vs petrol vs diesel is over. EVs have won in China, the world’s biggest auto market, writes Tim Buckley, Director of Energy Finances Studies Australasia & South Asia, Institute for Energy Economics and Financial Analysis (IEEFA), as he gives insight […]

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90% of Indian Consumers Are Willing to Pay Premium For an EV

In a recent survey by a consultancy firm EY, it has been estimated that global electric vehicle (EV) sales are expected to boom in the coming 12 months, according to the latest EY Mobility Consumer Index (MCI). A survey of more than 9,000 respondents from 13 countries, including 1,000 respondents from India, also found that […]

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India’s EV Market to Grow at 44 percent CAGR Until 2027: IESA

In its latest report, IESA has forecasted that India’s EV market is expected to grow at a CAGR of 44 percent between 2020-2027. In its latest report, India Energy Storage Alliance (IESA) has forecasted that in its base case scenario – India’s EV market is expected to grow at a CAGR of 44 percent between […]

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