New Delhi, May 28 -- Electric vehicle sales in India have experienced substantial growth across all segments over the past decade, though adoption rates remain limited despite considerable government financial support, according to a comprehensive study released by the Institute for Energy Economics and Financial Analysis (IEEFA).

The research report, titled 'From Incentives to Adoption,' provides a detailed 10-year analysis covering the period from 2014 to 2023, examining government subsidies and policy measures implemented through FAME-I, FAME-II, Production Linked Incentives (PLI), and various state-level programs.

The study evaluates the effectiveness of these initiatives across five distinct electric vehicle categories.

The electr...