Electric vehicles saw a tremendous uptick in sales in the last year
The state of electric vehicles in India is only getting better and better. New data from the Federation of Automobile Dealers Associations (FADA) has highlighted a huge increase in the year-on-year sales of electric vehicles in all categories, from two-wheelers to four-wheelers. The sales figures correspond to the sales noted by Tata in its recent financial year review, which also noted a huge increase in sales and acceptance of EVs. The data is for the Financial year 2022, from March 2021 to March 2022. Let’s take a look.
2.31 lakh electric two-wheelers were sold in the financial year 2022, an increase of 463 per cent over the 41,000 that were sold in 2021. This huge increase is led by the emergence of more electric scooter brands and the legacy brands dabbling in the electric mobility field. Brands such as Hero Electric, Ather and Okinawa have revitalised the scooter industry, while Bajaj, TVS and Ola are also getting their hands dirty with their own entries.
An often overlooked space, especially with the glamour associated with private mobility, the true drivers of electric mobility in the public sphere is the rise of electric three-wheelers in cities. With 1.77 lakh sold in 2022, an increase of 101 per cent over the 88,391 sold in 2021, it seems likely that we are going to see more and more of these electric rickshaws in our cities now.
Four-Wheelers (Passenger Vehicles)
Tata dominated the segment like never before, the effects of an early leadership clearly visible. Out of a total 17,802 electric cars sold, Tata managed to sell 15,198 by itself, a huge market share of 70 per cent. This essentially means that more than 2 out of every 3 electric cars sold in India is a Tata. MG was the next best, with a little over 2000 EVs sold with the MG ZS EV. After that, automakers like Mahindra, Hyundai and Audi sold miniscule numbers, around the 100s. The Private EV segment grew by 257 per cent over the previous financial year.
The data provided by FADA does not include four states which are not yet part of the Vahan 4 initiative, and has been gathered from 1397 out of 1605 RTOs in the country. While this means there are some numbers which are not included, the overall trend is the same. There is a massive increase in the acceptance and sales of electric vehicles, especially those that help in urban mobility. With the rise of more and better options, this is surely going to increase. The electric age is finally upon us, let’s hop on. For more news from the world of electric mobility, stay tuned to evo India!