Electric Vehicle Retail Sales Zoom Over Three-Fold in Fiscal Year 2022
According to data produced by automobile dealers’ group Federation of Automobile Dealers Associations (FADA), electric vehicle retail sales in the country increased by over threefold last fiscal year, with two-wheeler offtake leading the market. Total electric vehicle (EV) retail sales reached 4,29,217 units in 2021-22, up from 1,34,821 units in 2020-21. Electric passenger vehicle retail sales reached 17,802 units in FY22, up from 4,984 units in FY21.