In a written reply to the Lok Sabha, the Minister in charge of State in India for the Heavy Industries Krishan Pal Gurjar stated that India presently has 877,000 electric cars on its roads, with Delhi, Uttar Pradesh, and Karnataka emerging as the top 3 states for electric car enlistments.
According to data reviewed by JMK Research, electric 2-wheelers and the passenger-type electric 3-wheelers accounted for 92 percent of all registrations in November 2021. These are followed by the cargo-type electric 3-wheelers (3.9 percent), e-cars (3.9 percent), and e-bikes (3.9 percent) (3.7 percent).
Uttar Pradesh maintains to have the highest monthly registered EV sales among all states and union territories, accounting for 20% of total sales in India in the month of November 2021. According to the JMK Research research, Maharashtra has the second-biggest sales share at 11%, followed by Karnataka (9 percent), Rajasthan (9 percent), Delhi (9 percent), and Rajasthan (8 percent).
MG Motors and Tata Motors continued to lead e-car sales in November 2021, accounting for 98 percent of registrations, with Tata Motors’ share growing to 89 percent from 80 percent the previous month.
In 2015, the Centre announced the Faster Adoption and Manufacturing of Electric Vehicles program to encourage the sale of electric vehicles in India. It launched phase II of the program in April 2019 for a five-year period, with budgetary assistance of Rs 10,000 crore.
This phase focuses on assisting with the electrification of shared and public transportation, with the goal of supporting around 7,000 e-buses, 5 lakh e-three wheelers, about 55,000 e-four-wheeler passenger cars, and ten lakh e-two-wheelers via subsidies.
In addition, the government has decreased the GST on electric cars from 12 percent to 5%. In order to encourage the establishment of charging stations, the GST on charging infrastructure was also cut.
Under the program, the government has approved 2,877 EV charging stations worth Rs 500 crore across 68 cities across 25 states/UTs, as well as 1,576 charging stations worth Rs 108 crore across 9 expressways and 16 motorways.
Two PLI (Production Linked Incentive) schemes established by the Ministry of Heavy Industries to promote the manufacturing of electric vehicles, as per the government, helped electric vehicle producers achieve sales figures.
The government endorsed a PLI (Production Linked Incentive) Scheme on May 12, 2021, for the establishment of manufacturing amenities for ACC (Advance Chemistry Cell), Battery Storage in India, having an overall manufacturing capacity of about 50 Giga Watt Hours (GWh) and a five-year budget of Rs 18,100 crores.
The government has also approved the Rs 25,938 crore PLI (Production Linked Incentive) Scheme for Automobile and Auto Components, which will be implemented over a five-year period.