Electric vehicle sales tumble by 25% in pandemic-stricken FY21
Electric vehicle (EV) sales declined by a quarter during the pandemic-stricken financial year ended 31 March despite a surge in sales in recent months.
About 237,000 EVs were sold during FY21 – a 25% decline over FY20. EVs accounted for just 1.2% of the overall vehicle sales in the country with about 18.8 million vehicles with combustion engines sold during the same period.
EV sales included about 143,800 electric two-wheelers, which is a decline of 6% over the previous year. Of these, 40,800 were in the high-speed category that requires registration with regional transport authorities. The remaining 103,000 were low-speed scooters.
