EV sales up 163% in 2021, UP registers highest sales, followed by Karnataka and Tamil Nadu

Minister of Road Transport and Highways and MSMEs, Mr. Nitin Gadkari said that compared to the previous year, the country's electric vehicle (EV) market grew 163% in 2021, with 324,840 EVs registered. The number of EVs registered (324,840) in 2021 was 1.7% of the total number of gasoline and diesel vehicles registered (18,312,760).

Between 2019-2020 and 2020-2021:

• Sales of two-wheeler electric cars increased by 422%, from 28,508 to 149,068
• Three-wheeler electric vehicle sales increased by 75%, from 90,216 to 157,682
• Four-wheeler electric vehicle sales increased by 230%, from 4,695 to 15,860

Uttar Pradesh sold the most electric vehicles in 2021, with 66,702, followed by Karnataka with 33,307, Tamil Nadu with 30,037, Maharashtra with 29,860, and Delhi with 25,809.

The government is taking the following steps to promote EVs:

• The government launched the Faster Use and Manufacturing of (Hybrid &) Electric Vehicles in India (FAME India) Scheme in 2015 on a pan-India basis in order to boost the manufacturing and adoption of EVs in India.
• Phase-II of the FAME India Scheme is currently being implemented for a period of five years, beginning on April 1, 2019, with a budgetary support of Rs. 10,000 crore (US$ 1.32 billion), which will focus on assisting with the electrification of public and shared transportation.
• Under this scheme, incentives are provided to buyers of EVs in the form of an upfront reduction in the purchase price of the vehicle.
• Under the PLI Scheme for Automobiles and Auto Components, battery electric vehicles are also eligible for incentives.
• The government approved a PLI scheme for Advanced Chemistry Cell (ACC) manufacturing on May 12, 2021, in order to lower battery prices in the country.
• It has also exempted battery operated transport vehicles from having to obtain a permit, from the payment of fees for the purpose of issue or renewal registration certificate and assignment of new registration mark.

Disclaimer: This information has been collected through secondary research and IBEF is not responsible for any errors in the same.