Going green: Electric vehicle sales cross the 1 million mark in FY23
India’s electric vehicle (EV) industry has touched the milestone of one million unit sales in the financial year 2023 (FY23), with the two-wheeler segment leading the way, according to the industry body Society of Manufacturers of Electric Vehicles (SMEV).
Though the electric two-wheeler (E2W) segment contributed 61 per cent to the overall electric vehicle sales of 1,177,938 units, it fell significantly short of the targets set by the Niti Aayog, the industry body said.
In the E2W segment, the industry sold 7,26,976 high-speed E2W (speed>25km/hr) as against the NITI Aayog’s projection of 1 million plus E2W sales in FY23.
