High oil prices cause May26 EV retail sales zoom 45% YoY to 2.72 lakh units

40% surge in E4W volumes signals gear shift beyond West Asia: Crisil Ratings

E4W volumes jump 40% to 26,000/month; penetration rises to 6.1%, with sales forecast doubling next FY. EV acquisition costs fell 10–15% as ranges improved (300–700 km) and battery-as-a-service models emerge; signals structural shift in automotive electrification reshaping enterprise fleet strategy and capex allocation.