Abstract:

In the last year from 2023 to 2024, the number of EVs sold in India increased by 27%. Three-wheelers are leading this transition, with a 57% EV adoption rate, and two-wheelers dominate the sales by the numbers, accounting for 59% of total EVs sold.

Based on insights from the ICCT’s “Vision 2050” study, the session discussed how supply-side regulations (SSRs) and fiscal incentives have accelerated ZEV adoption across diverse vehicle markets. It also examine how India could integrate international best practices to accelerate domestic EV uptake with key policies like fuel economy standards and EV fiscal incentives.