Electric Vehicle Market in India is Growing Fast – Get On Board!

India’s electric vehicle market is expanding at a rapid pace, driven by strong consumer demand and supportive policies. A recent survey shows that 83% of Indian consumers are ready to choose New Energy Vehicles (NEVs) exclusively by 2030.

• Market Growth: India’s electric vehicle market is projected to grow at 28.52% CAGR, reaching US$ 18.319 billion by 2029.
• State-Wide Progress: Goa leads with 14.20% EV penetration, followed by Tripura, Chandigarh, and Delhi at 10.72%.
• Investment Boom: India's EV battery market is set to grow from US$ 16.77 billion in 2023 to US$ 27.70 billion by 2028.

Electric Vehicles in India are reshaping the future of mobility. Learn more about this transformation at the India Brand Equity Foundation and join the EV revolution today!