India's electric car sales set to cross 3 lakh units for first time in 2026
- IBEF
- June 30, 2026
India's electric passenger vehicle (EPV) market is expected to surpass annual sales of three lakh units for the first time in 2026, driven by new model launches, expanding charging infrastructure and rising consumer acceptance of electric mobility, according to a report by Frost & Sullivan. Annual EPV sales are projected to exceed three lakh units in 2026, compared with just under two lakh units sold in 2025. Registrations have already approached 1.5 lakh units during the first half of 2026, while average monthly registrations have increased to around 27,000 units over the past four months. The upcoming festive season, traditionally a strong period for automobile purchases, along with several new product launches, is expected to further accelerate electric vehicle adoption during the second half of the year.
The expanding range of electric vehicle models is expected to play a significant role in supporting market growth. According to Crisil, the number of electric passenger vehicle models available in India has doubled to around 20 over the past two financial years and is projected to exceed 35 by the next financial year, with many new launches concentrated in the sub-Rs. 15 lakh (US$ 15,892) price segment, making electric vehicles more accessible to a wider consumer base. Advancements in battery technology are also helping address range anxiety, with premium electric vehicles offering driving ranges of 500-700 kilometres on a single charge and mid-range models providing 300-450 kilometres. Improved charging infrastructure, expanding model availability and technological advancements are expected to strengthen consumer confidence, accelerate the transition towards electric mobility and support India's clean transportation and sustainable mobility goals.
Disclaimer: This information has been collected through secondary research and IBEF is not responsible for any errors in the same.
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