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As Many As 40% of All Vehicles Sold in India Will Be Electric by 2030, Says Bain & Co Report

15 Dec 2022 | Abstracted from Business Standard

"As much as 35 per cent to 40 per cent of all vehicles sold in [India] across segments will be electric by 2030, up from a mere 2 per cent this year. This translates to 14-16 million new electric vehicles (EVs) selling in a year.

"Bain estimates that electric two-wheelers, which will account for 2 per cent of the total sales in the segment 2022, will go up to 20 per cent in 2026, and hit 40-45 per cent by 2030."

"Not everyone agrees."

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