EV share in car sales to cross 7% by FY28, says report

Electric car sales penetration is expected to cross 7 per cent by FY28 subject to timely resolution of rare earth element (REE) disruption and riding on the back of new model launches, according to a report by CareEdge Advisory.

This would also be dependent on government push for improving the charging infrastructure in the country. Volumes have grown from just over 5,000 units in FY21 to over 1.07 lakh units in FY25, it said. Over the past three years, the number of public EV charging stations has grown to 26,000 in early FY25, it added.

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