Tamil Nadu is top of the heap when it comes to electric vehicle investments, but where does the state stand in terms of EV sales? Although it is one of India’s top 5 EV markets, TN ranks No 4 and is significantly behind the top three (Uttar Pradesh, Maharashtra and Karnataka) in sales, says a recent study by CEEW-CEF. TN actually has the lowest EV penetration among the top five EV market-states (see table).
However, the EVs sold in TN are higher priced two- and three-wheelers, whereas 86% of UP’s EV sales and 33% of Rajasthan sales are e-rickshaws. For TN and Karnataka, two-wheelers account for 90% of EV sales and for Maharashtra 84%. While EVs comprise just 3.5% of overall two-wheeler sales in TN – against Karnataka’s 6.2% or Maharashtra’s 4.6% — EVs make up 12.7% of TN’s three-wheeler sales, marginally higher than Karnataka’s 12.5%.
