As India, which is the fourth largest car market globally, charts a new course for electric vehicles (EVs), the country still has EV penetration at only around 1 per cent (according to Moody’s) – and that too dominated by electric two-wheelers.
EV penetration is the sale of electric vehicles as a percentage of the total light vehicles(inclusive of commercial and passenger vehicles).
The Asian average of EV penetration stands at 17.3 per cent, as per a report in the Business Standard.
China, Japan, South Korea, India, Indonesia, Malaysia, the Philippines, Singapore, Thailand, Vietnam, the greater China region, and Pakistan are the countries that are covered in the region.
