India, Feb. 28 -- The adoption of electric vehicles (EV) has taken a huge leap in the country. In 2024, close to 2 Mn EVs were registered across segments - two wheeler (E2W), three wheeler (E3W) and four wheeler (E4W) - marking an almost 29% increase from the previous year.

According to Inc42's India's Electric Vehicle Startup Landscape Report, 2025, in the last five years, the number of registered EVs across segments has increased 10-fold. When did the pace pick up?

EV adoption saw a steep rise after 2022. That year, sales of EVs in India more than doubled to 1.1 Mn from 300K in 2021. The following year, the adoption of EV continued to soar with almost 50% year-on-year (YoY) growth in 2023, on the back of subsidies for early adopters....