The adoption of electric vehicles (EV) has taken a huge leap in the country. In 2024, close to 2 Mn EVs were registered across segments — two wheeler (E2W), three wheeler (E3W) and four wheeler (E4W) — marking an almost 29% increase from the previous year.

According to Inc42’s India’s Electric Vehicle Startup Landscape Report, 2025, in the last five years, the number of registered EVs across segments has increased 10-fold. When did the pace pick up?

EV adoption saw a steep rise after 2022. That year, sales of EVs in India more than doubled to 1.1 Mn from 300K in 2021. The following year, the adoption of EV continued to soar with almost 50% year-on-year (YoY) growth in 2023, on the back of subsidies for early adopters.

This is how the number of annual EV registrations shot up to 1.9 Mn in 2024 from 164K in 2019.

Two-wheelers took the early lead among EVs, but electric cars are fast catching up, with a host of new models expected to hit the market in 2025. But before we look at the year ahead, let’s see how each category performed in 2024.

India’s Electric Car Rally Gets Going

Among the three segments, E4W or electric cars saw the highest growth in adoption in 2024. Between 2018 and 2023, there were about 1.13 Lakh registered 4-wheeler EVs in the country. Interestingly, last year alone, India added 1.47 Lakh in this segment, outpacing the total of the past six years.

On a YoY basis, the number of electric four-wheelers registered more than doubled from 73K in 2023.

Automobile conglomerate Tata Motors carried the torch for the Indian electric car market. According to........

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