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Electric Vehicle Sale Witnessed 3x Growth In FY22 In India

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SUMMARY

According to FADAI data, 4,29,217 EVs were sold in FY22, compared to 1,34,821 in FY21

Electric two-wheelers till now account for the majority of EV sales

In FY22, electric two-wheeler retail sales were at 2,31,338 units, as opposed to 41,046 units in FY21

Amid the Indian government’s push for the electric vehicle (EV) adoption, the market has seen more than three times growth in financial year 2022 (FY22). According to the Federation of Automobile Dealership Associations of India (FADAI) data, 4,29,217  units of…

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