As the world grows more empathetic towards green society and as the global leaders meet to make earth more sustainable and less dependent on petroleum, we finally have a mindset shift on why we are collectively responsible for saving the earth. On that front, one of the better initiatives is a switch to electronic vehicles.
Countries across the globe have adapted the move to EVs at a different pace. Let us find out where India stands among nations in terms of electric vehicle (EV) adoption—let’s break it down across several key dimensions.
As of the end of 2024, India’s EV presence doesn’t make the top 10. Here’s list of top 10 global leaders in EV adaption
| Rank | Country | EV Units |
| 1 | China | ~20 million |
| 2 | United States | ~7 million |
| 3 | Germany | ~1 million |
| 4 | France | ~1.3–1.4 million |
| 5 | United Kingdom | ~1.3 million |
| 6 | Norway | ~9 lakh |
| 7 | Netherlands | ~5 lakh 60 thousand |
| 8 | Sweden | ~5 lakh 50 thousand |
| 9 | Canada | ~5 lakh 45 thousand |
| 10 | South Korea | ~5 lakh |
India is not listed within the top 10 for EV fleet size.
Global EV Sales in 2023
Looking at annual sales in 2023:
- China: ~More than 6 million
- United States: ~1.11 million
- Germany: ~5 lakh 24 thousand
- UK: ~314,700
- France: ~298,500
India does not appear in the top sales rankings either.
EV Adoption Readiness and Market Share
As per the GEMRIX 2022 list, Norway leads the list of nations for its preparedness for EV adaption.
India ranks 11th in the readiness index.
India’s EV Share
- In May 2024 India had 2. 6% EV passenger car sales. By 2025 May- this went up to 4.1%
- With the introduction of Tesla, India’s overall EV adoption will go to 4.4%.
Three-Wheelers (3W):
- Indian audience is keen on 3 wheels EV adaption. In 2023, India sold 5 lakh 80 thousand units whereas China sold 3 lakh 20 thousand units. India is thus a largest market in 3 wheeler electronic vehicles.
Production Ambitions:
- As per a report estimation, by the year 2030, India is projected to become the fourth largest EV car manufacturer just behind China, Europe and the U.S. During this time, the production capacity will increase to 2.5 million units from the current numbers of 0.2 million units.
Summary: India’s EV Ranking & Outlook
- Global Ranking: India is not in the top 10 Electric Vehicles list
- EV Sales Ranking (2023): India also doesn’t appear among the leading countries.
- Readiness Index (GEMRIX 2022): India is ranked 11th globally in its readiness to adapt EV.
- 3 Wheelers Electric Vehicles: India stands out globally in selling 3W EVs making it the largest market in the world for 3W EVs.
- Future Outlook: India looks to capture a major market share by 2030 making it the 4th largest EV car manufacturer by 2030.
Broader Context
India is gaining the momentum towards Electric Vehicle adaption. The government is pushing through and promoting the use of EVs through tax concessions, competitive discounts, installing of charging stations and luring manufacturers with slab rates deductions. This has been positively received by the citizens. Passenger EV sales have shooted up. India has become a leader in 3W EVs. The projection and the current efforts show a positive shift towards the rise of EV in the Indian market.
Read more: Top Business Magazine
