+
India Achieves Over 1 Million EV Sales in FY 2024-25
ECONOMY & POLICY

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

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) 

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) 

Next Story
Infrastructure Transport

Final Forest Clearance Secured for Goregaon Mulund Link Road Tunnels

Over a year after receiving in-principle (Stage I) approval, the Union Ministry of Environment, Forest and Climate Change (MOEFCC) on Tuesday granted the final clearance for the diversion of 19.43 hectares of forest land at Sanjay Gandhi National Park (SGNP) to the Brihanmumbai Municipal Corporation (BMC).This crucial clearance paves the way for the construction of the twin tunnels forming part of the ambitious Goregaon Mulund Link Road (GMLR) project.Valued at nearly Rs 6.5 billion, the GMLR aims to reduce traffic congestion by connecting Goregaon in Mumbai’s western suburbs to Mulund in th..

Next Story
Infrastructure Transport

Nagpur’s Rs 2.6 Billion Phase-IV Cement Road Project Faces Delays

Nagpur’s Rs 2.6 billion Phase-IV cement road project has missed yet another completion deadline, leading the Nagpur Municipal Corporation (NMC) to grant extensions to several defaulting contractors, according to a report by the Times of India.The public works department of the civic body extended the timelines for Packages 1, 2, and 4 to December 2025, more than a month after the original May deadline lapsed.This phase of the project aims to convert 33 key arterial tar roads, ranging from 9 to 24 metres in width, into durable cement roads. These roads are located across prominent zones inclu..

Next Story
Infrastructure Transport

STRR Expressway to Boost Bengaluru’s Connectivity and Real Estate

The Bengaluru Suburban Transport Ring Road (STRR) project is a pivotal initiative led by the central government, spanning approximately 243 km in Karnataka and 45 km in Tamil Nadu, totalling 288 km. This expressway will connect key industrial hubs around Bengaluru including Hoskote, Devanahalli, Doddaballapur, Nelamangala, Kanakapura, Ramanagara, Attibele, Anekal, Magadi, Sarjapur, Bidadi, and Dabaspete.As Bengaluru continues to expand rapidly, traffic congestion has become a major challenge. The STRR aims to tackle this by creating additional thoroughfares and fostering an environment conduci..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?