Electric-vehicle sales in India are expected to rise 66% this year after nearly doubling in 2023 as state subsidies help fuel demand and supporting infrastructure comes up in the country, according to research firm Counterpoint.
WHY IT’S IMPORTANT
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The rapid growth in sales comes at a time when EV growth in other key markets such as the United States and China are slowing.
The report forecasts that by 2030, EVs are expected to represent nearly a third of India’s personal vehicle market.
