NEW DELHI: Electric vehicle (EV) sales have surged to a fresh high in calendar year 2023 (CY23) even as the two-wheeler (e2W) segment faced a severe blow following the government’s decision to lower the subsidy availed under the Fame 2 Scheme.
According to Vahan data, total EV sales in the first eleven months of CY23 stood at 1,387,114 units, a jump of 50% year-on-year (YoY). In the full CY2022, total electric vehicle sales were recorded at 10.03 lakh units.
e2W sales stood at 783,128 (up 38% YoY) units in the Jan-Nov 2023 period, accounted for 56% of total EV sales. Electric three-wheeler (e3W) sales stood at 524,949 units (up 67% YoY) and had a 38% share. At 74,290 units (up 145% YoY), electric car (ecar) share in total sales stood at 5.35% in the reported period.
