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Why Indians are now turning to EVs faster than before

Higher fuel prices in India are accelerating the transition to electric vehicles, as steady demand for cars and two-wheelers persists, notes Elara Capital's Jay Kale.

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thehindubusinessline.com

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newsbytesapp.comStai leggendo3 mesi fa

Why Indians are now turning to EVs faster than before

Rising fuel costs in India are accelerating EV adoption, with Elara Capital forecasting 2-3% annual penetration growth over the next four to five years across two-wheelers and passenger vehicles. For tech and mobility stack decisions, the 6-8% FY27 EV sector growth projection signals a durable demand shift worth factoring into fleet, charging infrastructure, and embedded software roadmaps.

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thehindubusinessline.com3 mesi fa

Petrol above ₹100 drives shift towards EVs and fuel-efficient vehicles

Petrol hit ₹102/litre in Delhi after four hikes in 10 days; EV scooter registrations rose 61% YoY in April to 1.48 lakh units. Fuel costs are now India's primary EV driver — outpacing policy incentives and reshaping fleet and retail powertrain decisions.

Timeline cronologica

lunedì 25 maggio 2026·newsbytesapp.com
Why Indians are now turning to EVs faster than before
Higher fuel prices in India are accelerating the transition to electric vehicles, as steady demand for cars and two-wheelers persists, notes Elara Capital's Jay Kale.
lunedì 25 maggio 2026·thehindubusinessline.com
Petrol above ₹100 drives shift towards EVs and fuel-efficient vehicles
Petrol prices crossing ₹100 per litre in Delhi are pushing buyers towards EVs, hybrids and fuel-efficient vehicles as running costs reshape auto demand.