Summary:

The market for electric passenger vehicles (EPVs) in India is anticipated to surpass three lakh units sold annually in 2026 due to the introduction of new vehicles, enhanced infrastructure for charging, and growing customer acceptability. With registrations already approaching 1.5 lakh in the first half of 2026, sales are expected to increase from just under two lakh units in 2025. The festive season and subsequent launches are anticipated to drive demand further. According to Crisil, the number of available EPV models has risen to about 20 and is predicted to exceed 35 next year, particularly in the more reasonably priced category. Longer driving ranges, increased charging networks, and improved battery technology are boosting consumer trust and assisting India's shift to sustainable electric mobility.

Source: IBEF

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