But it’s only a glimmer. Electric vehicle sales – 121,900 this financial year – account for only 1.66% of India‘s 20 million automobile sales, according to the Delhi-based think tank Council on Energy, Environment and Water (CEEW).
Some electric vehicle firms, especially makers of two-wheelers, are betting big, but the demand is lukewarm for cars and commercial vehicles like lorries. Prime Minister Narendra Modi’s government is trying to change that with a $3.5bn (£2.5bn) scheme to boost manufacturing.
Meanwhile, the CEO of Mahindra Group expects 50% of vehicles sold by 2030 to be electric » CNBC