Domestic sales of electric vehicles jump 20% in FY20
NEW DELHI: Sales of electric vehicles in the domestic market increased by 20% to 1,56,000 units in FY20 on the back of rise in sales of electric scooters. In FY19, sales of such zero-emission vehicles stood at 130,000 units, according to data released by the Society of Manufacturers of Electric Vehicles (SMEV).
The Union government had in FY20 introduced a subsidy worth ₹10,000 crore through the Faster Adoption and Manufacturing of Electric and Hybrid Vehicle (FAME) scheme, to promote local manufacturing of electric vehicles.
Sales of electric scooters increased by 20.6%, year on year, to 152,000 units, while e-bus sales jumped 50% to 600. Sales of electric cars declined by 5.5% to 3,400 units.
