The year 2023 came as a blessing for electric vehicles in India. We witnessed a whopping 174% YoY EV sales jump in 2023, which can be conceptualized as almost 4 times more EV sales than in 2022. Now, looking at the top-performing states in terms of EV sales – Uttar Pradesh, Maharashtra, Delhi, Karnataka, and Rajasthan were the top EV-selling states between FY2014 and FY2022, accounting for more than 50% of the market share.
However, a fair parameter for comparison will not be the number of EVs sold but their density and contribution of EVs to the total number of vehicles sold in the state. In this parameter, the capital city “New Delhi” comes at the top, accounting for 19% of total EVs sold in Delhi, which is a significant number and depicts a rapid EV adoption in the city.
There are many potential reasons for this, and in this article, we’ll talk briefly about the key reasons for such rapid growth of EVs in Delhi, along with the category-wise EV sales and the future prospects of electric vehicles in India.
Delhi EV sales 2023:
Although UP is at the top of EV sales, the Delhi EV sales story is being celebrated in the country, and the reason behind this is EV sales density. Being among the biggest states in our country, it’s relatively easier for UP to become the biggest EV sellers, but Delhi is a lot smaller than and despite that, it has gained a significant number and the highest density of EV sales all over the country.
Delhi witnessed the highest-ever EV sales percentage among all the states and made a great leap in the growing EV market of India.
Total vehicle sales in Delhi = 6,57,312
Total EV sold in Delhi = 73610
The percentage of EV’s sold = 19.5
Category Wise EV sales in Delhi:
Unlike UP, Delhi has a fair diversification vehicle category. Electric 2-wheelers are at the top of the hierarchy, with 37,580 out of 73610 EVs sold, i.e. (51%). Following 2-wheelers, 3-wheelers hold the second position with 26,344 out of 73610 total EVs sold, i.e. (35.4%), and then the 4-wheelers with only 5181, which constitutes (7.03% of all the EVs sold in 2023), electric buses stood at 4th position with 1121 units sold with contribute about 1.5% only.
Here’s the category-wise Delhi’s EV sales data in a tabular form:
Vehicle Category | Units sold | %age |
2 Wheelers | 37,580 | 51% |
Cars | 5181 | 7.03 |
3 Wheelers | 26344 | 35.4% |
Buses | 1121 | 1.5% |
Others | 2777 | 3% |
Data source Vahan Dashboard
India EV sales 2023:
India witnessed the highest-ever EV sales percentage among all the previous years and showcased a great leap in EV sales.
Total vehicle sales in India = 19246044
Total EV sold in Delhi = 1246247
The percentage of EV’s sold = 6.5%
Category Wise EV sales in India:
India has a fair diversification vehicle category. Electric 2-wheelers are at the top of the hierarchy, with 678090 out of 1246247 EVs sold, i.e. (54.5%). Following 2-wheelers, 3-wheelers hold the second position with 493615 out of 1246247 total EVs sold, i.e. (39.61%), and then the 4-wheelers with only 61,887, which constitutes (5% of all the EVs sold in 2023).
Vehicle category | Units sold | %age |
Total EV Sold in India | 1246247 | 6.48% |
EV 2 Wheeler sold | 678090 | 54.41% |
EV 3 wheeler sold | 493615 | 39.61% |
EV 4 wheeler sold | 61,887 | 4.97% |
Other | 12,655 | 1.02% |
Reasons why EV sales are surging in Delhi:
Proactive Government Policy:
- Delhi EV Policy: Launched in 2020, this policy offers attractive incentives like registration fee waivers, road tax exemptions, and purchase subsidies for EV buyers. The policy aims to achieve 25% of all new vehicle registrations to be electric by 2024.
- Extension of Policy: In October 2023, the Delhi government extended the policy until March 31, 2024, ensuring continued support for EV adoption.
Air Quality Concerns:
- Pollution Crisis: Delhi’s notorious air pollution problem has grown increasingly concerning. EVs offer a viable solution for cleaner air, motivating residents to switch.
- GRAP Implementation: Implementing the Graded Response Action Plan (GRAP) during periods of severe pollution can restrict fuel-based vehicles, further pushing people towards EVs.
Improved EV Infrastructure:
- Charging Network Expansion: The government is rapidly expanding the city’s EV charging infrastructure, addressing range anxiety and making EVs more convenient.
- Increased Model Availability: More diverse and affordable EV models are now available in the market, catering to varied needs and budgets.
Other Contributing Factors:
- Rising Fuel Costs: The consistent increase in fuel prices makes EVs a more economical option with their lower running costs.
- Environmental Consciousness: Growing awareness about environmental issues and the desire for sustainable transportation contribute to the EV uptake.
Conclusion:
Electric vehicles are growing rapidly and have a bright future as an industry. Companies like Ola Electric, Tata Motors, and TVS Motors are driving EV growth in India. Despite many challenges, automakers are fighting all the difficulties and are taking the EV revolution forward at a healthy adoption rate.
