Electric passenger vehicles account for 2% of India’s market in FY24, rising to 3% by FY25. Yet, carmakers plan 15–20 EV launches in 2025
India has 12,000 EV chargers for 1.7 million vehicles, far behind China’s 3.2 million for 20 million EVs. The gap persists despite 9,000 more expected
Tata Power, Reliance, and MG Motor are building EV charging networks, but efforts lack the scale for major impact despite collaborations with oil retailers
Startups dominate EV charging but face low use, high costs, and limited incentives, while battery swapping struggles with standardisation
The government is boosting EV infrastructure with ₹2,000 crore, highway incentives, and a unified private platform
Carmakers should pace EV launches until infrastructure improves, ensuring balanced and sustainable growth