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23 Dec
12:34

Indian EV market to grow to 6.3m annually by 2027

The Indian electric vehicle (EV) market is expected to grow to 6.34 million sales per year, according to a new report from the India Energy Storage Alliance (IESA). The report forecasts that the sales of EVs will rise to 6.3m units per year by 2027, at a compound annual growth rate (CAGR) of 44% during the period, Kallanish reports. There were EV sales of 380,000 units across India during 2019-2020, with two-and-three wheel EVs dominating the market with sale…
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