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Electric Vehicle Sales on a High Growth Trajectory!
Jul 31, 2019


Despite the slowdown in the auto sector, the sales volume of electric vehicles (EVs) are growing at a robust pace.

Electric-2 wheelers sales volume registered rose 130% YoY in FY19. 4-wheeler EVs grew by 200% YoY.

Similarly, electric three-wheelers reported the highest sales volume of 630,000 units. It is important to note that the electric three-wheeler industry has been growing without government support.

The base is quite low compared to the internal combustion engine (ICE) vehicle sales. However, you cannot ignore the growing momentum in EV sales.

The recently announced government incentives will give a further boost to EV sales.

Data Source: Autocarindia.com

This Chart Of The Day was published in The 5 Minute WrapUp - A First-Hand Insight into the EV Disruption from a Remote Location in Andhra Pradesh

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