India Achieves Over 1 Million EV Sales in FY 2024-25

02 Apr 2025 CW Team

Surging EV adoption in India

India’s electric mobility sector is witnessing rapid growth, driven by government policies, technological advancements, and increasing environmental awareness. The latest figures highlight this momentum:

Electric Two-Wheelers (e-2W): 11,49,334 units sold in FY 2024-25, a 21% increase from 9,48,561 units in the previous year.
Electric Three-Wheelers (e-3W L5): 1,59,235 units sold, marking a 57% growth from 1,01,581 units in FY 2023-24.

Government’s push

To further accelerate EV adoption, the PM Electric Drive Revolution in Innovative Vehicle Enhancement (PM E-DRIVE) Scheme was launched on September 29, 2024, with a Rs 109 billion outlay for two years (until March 31, 2026). This scheme replaces the Electric Mobility Promotion Scheme (EMPS) 2024 and focuses on strengthening India's EV manufacturing ecosystem.

Under PM E-DRIVE in FY 2024-25:

10,10,101 e-2Ws and 1,22,982 e-3Ws (L5) were registered on the VAHAN portal.
Overall, more than 1 million EVs were sold this fiscal year.

Minister's statement on the achievement

Union Minister for Heavy Industries & Steel, Shri H.D. Kumaraswamy, praised this milestone, stating:

"Under the visionary leadership of Prime Minister Shri Narendra Modi, India is leading the global shift towards sustainable mobility. The achievement of over 1 million EV sales reflects the success of key government initiatives like FAME, EMPS, and PM E-DRIVE. This reaffirms our commitment to a cleaner, greener, and self-reliant India."

Impact on environment and economy

The adoption of EVs under PM E-DRIVE has led to:

Daily fuel savings: 8,55,723 litres
Total fuel saved: 15,77,33,334 litres
Daily CO? reduction: 12,48,100 kg
Total CO? reduction: 23,01,73,978 kg

Beyond environmental benefits, the initiative is boosting investments, strengthening the EV supply chain, and creating jobs in manufacturing and charging infrastructure.

PLI auto scheme

The Production Linked Incentive (PLI) Auto Scheme is playing a vital role in advancing sustainable manufacturing. Under this initiative, 18 Original Equipment Manufacturers (OEMs) have applied, driving India’s transition toward an electric and self-reliant automotive industry.

With these government-backed initiatives, India is poised to become a global leader in EV adoption, reinforcing its commitment to a clean, green, and sustainable future.

(PIB)

The Ministry of Heavy Industries (MHI) has successfully recorded the sale of over 1 million electric vehicles (EVs) in the financial year 2024-25, marking a significant step toward sustainable and green mobility. This milestone aligns with Prime Minister Narendra Modi’s vision of achieving Net Zero by 2070 and promoting Aatmanirbhar Bharat. Surging EV adoption in India India’s electric mobility sector is witnessing rapid growth, driven by government policies, technological advancements, and increasing environmental awareness. The latest figures highlight this momentum: Electric Two-Wheelers (e-2W): 11,49,334 units sold in FY 2024-25, a 21% increase from 9,48,561 units in the previous year. Electric Three-Wheelers (e-3W L5): 1,59,235 units sold, marking a 57% growth from 1,01,581 units in FY 2023-24. Government’s push To further accelerate EV adoption, the PM Electric Drive Revolution in Innovative Vehicle Enhancement (PM E-DRIVE) Scheme was launched on September 29, 2024, with a Rs 109 billion outlay for two years (until March 31, 2026). This scheme replaces the Electric Mobility Promotion Scheme (EMPS) 2024 and focuses on strengthening India's EV manufacturing ecosystem. Under PM E-DRIVE in FY 2024-25: 10,10,101 e-2Ws and 1,22,982 e-3Ws (L5) were registered on the VAHAN portal. Overall, more than 1 million EVs were sold this fiscal year. Minister's statement on the achievement Union Minister for Heavy Industries & Steel, Shri H.D. Kumaraswamy, praised this milestone, stating: Under the visionary leadership of Prime Minister Shri Narendra Modi, India is leading the global shift towards sustainable mobility. The achievement of over 1 million EV sales reflects the success of key government initiatives like FAME, EMPS, and PM E-DRIVE. This reaffirms our commitment to a cleaner, greener, and self-reliant India. Impact on environment and economy The adoption of EVs under PM E-DRIVE has led to: Daily fuel savings: 8,55,723 litres Total fuel saved: 15,77,33,334 litres Daily CO? reduction: 12,48,100 kg Total CO? reduction: 23,01,73,978 kg Beyond environmental benefits, the initiative is boosting investments, strengthening the EV supply chain, and creating jobs in manufacturing and charging infrastructure. PLI auto scheme The Production Linked Incentive (PLI) Auto Scheme is playing a vital role in advancing sustainable manufacturing. Under this initiative, 18 Original Equipment Manufacturers (OEMs) have applied, driving India’s transition toward an electric and self-reliant automotive industry. With these government-backed initiatives, India is poised to become a global leader in EV adoption, reinforcing its commitment to a clean, green, and sustainable future. (PIB)

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