How many Electric Vehicles get sold every year in India?

The market for electric vehicles in India is expanding rapidly. If you have just passed your 10th, 12th, or graduation in a technical field or are studying, you can think of making a career in this field. Under the "Fame India" scheme of the Government of India, the government itself has allocated a budget of Rs 10,000 crore to the electric vehicle sector. As the number of electric vehicles increases, charging stations and repair stations will also increase, which means that overall there are immense career possibilities in this field. If you want to explore these possibilities, first of all, you should know how many electric vehicles are hitting the roads in India every year.

The sales of the Electronic Vehicles EVs has increased by 2200% in the last three years. While 19,100 EVs were sold in 2019-20, the figures increased to 4,42,901 in 2022-23.

Ministry of Heavy Industries Mahendra Nath Pandey said that the ministry had implemented a scheme titled 'Faster Adoption and Manufacturing of Electric Vehicles in India Phase II' (FAME India Phase II) to promote the adoption of electric/hybrid vehicles in the country.

At present phase II of the FAME India is being implemented for a period of five years on April 1, 2019 with total budgetary support of Rs 10,000 crore.

This phase focuses on supporting the electrification of public shared transportation through subsidies for 10 lakhs e-two wheelers (e-2Ws), 5 Lakh e-three-wheelers (e-3Ws), 55,000 e-four-wheeler (e-4Ws) passenger cars.

As on December 9, 64 original equipment manufacturers (OEMs) of electric vehicles have been registered and 7.47 lakh EVs under FAME India Phase II have been sold.

No. of Electric Vehicles sold in India in last four years

Under FAME India Scheme Phase-II, the demand incentive/ subsidy is given to consumers (buyers/end users) in the form of an upfront reduced purchase price of hybrid and electric vehicles to enable wider adoption, which is reimbursed to the Original Equipment Manufacturers (OEMs) by Government of India.

Mahendra Nath Pandey also disclose that ministry has received complaints regarding misappropriation of subsidies under FAME India Phase II by some EV manufacturers. The complaints are mainly related to violation of the phased manufacturing programme (PMP) guidelines under FAME India Phase II.

All the complaint cases have been referred to the testing agencies for re-verification. After examination of reports in respect of two OEMs, the models of these two OEMs have been suspended from the FAME scheme. Further, the processing of their pending claims has been stopped till they submit sufficient evidence to show their compliance to PMP timelines, added the reply.

List of alleged Original Equipment Manufacturers (OEMs)

1. Hero Electric Vehicles Private Limited
2. Okinawa Autotech Private Limited
3. Benling India Energy and Technology Private Limited
4. Okaya Ev Pvt. Ltd
5. Jitendra New Ev Tech Pvt. Ltd.
6. Greaves Electric Mobility Pvt. Ltd. (formerly Ampere Vehicles Private Limited)
7. Revolt Intellicorp Pvt. Ltd.
8. Kinetic Green Energy & Power Solutions Ltd.
9. Avon Cycles Ltd.
10. Lohia Auto Industries.
11. Thukral Electric Bikes Pvt. Ltd.
12. Victory Electric Vehicles International Private Limited