India EV passenger-vehicle penetration hits record 6.6% in May, up from 4.5% YoY
FADA data shows EV share in PVs climbed to 6.6% in May from 6.1% in April, lifted by fuel-price hikes. Two-wheeler EV share rose to 9.25%, three-wheelers to 64.4%, taking overall EV penetration past 11%. Total PV registrations hit 4,02,591, up 23.25% YoY, with rural demand (+30.35%) outpacing urban (+18.80%).
FADA data shows India's EV penetration in passenger vehicles hit a record 6.6% in May, up from 4.5% a year earlier, driven by fuel-price hikes. Two-wheeler EV share rose to 9.25%, three-wheeler EV penetration reached 64.4%, with overall EV share crossing 11%.