India’s Electric vehicle sale :grow by three times in the initial time of 2022 FY : Report

More than 1.18 lakh EV units were sold in H1 FY22. This comprises 58,264 electric 2-wheelers as well as 59,808 three-wheelers.

The EV industry in India has changed a lot in the last year. Sales of electric vehicles in the country are on the rise. As per a report in the Economic Times, EV sales have sky-rocketed by three times in the first half of the ongoing fiscal.

Overall there is a surge in EV demand and supply in the country. Reasons driving sales have been attributed to many factors including customer outreach, falling battery prices, improved charging infrastructure, and of course the rising fuel In April, Union Minister Nitin Gadkari claimed that India will become the number one EV maker in the world in a few years.

Not just in India, EV sales have seen phenomenal growth across the globe. In Europe, for example, in August 2021 the sale of EVs was more than diesel cars. The EVs included both hybrids and 100% electric models.

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