India EV registrations cross historic 2 million milestone for first time in 2025, driven by 57% two-wheeler share, robust three-wheeler adoption, and 57% passenger vehicle growth. In a remarkable achievement, India has crossed the 2 million mark in electric vehicle registrations for the first time in 2023. This figure, which stands at 2.02 million units, shows a notable increase from 1.95 million units recorded in 2024. This milestone represents a watershed moment for India’s electric mobility revolution, demonstrating robust consumer adoption across two-wheelers, three-wheelers, passenger vehicles, and commercial vehicles despite policy adjustments and market challenges.
| EV Registrations Milestone Details | Figures |
|---|---|
| Total EV Registrations 2025 | 2.02 million units (first time crossing 2 million) |
| Previous Year (2024) | 1.95 million units |
| Growth Rate | Notable increase YoY |
| Two-Wheeler Share | 57% of total EV volumes (1.2 million units) |
| Three-Wheeler Sales | 690,000 units (by October 2025) |
| Four-Wheeler Growth | 57% YoY increase |
| October 2025 Monthly Record | 234,274 units (7,557 EVs sold daily) |
| January-October 2025 | 1.84 million units sold |
Table of Contents
India EV Two-Wheelers Lead the Charge
The growth in registrations is primarily driven by electric two-wheelers, which account for 57% of total EV volumes this year. According to recent industry data, the e-2W segment has demonstrated exceptional momentum, with cumulative January-October 2025 sales have crossed the million-units mark for the first time in the first 10 months. At 1.06 million units and 11% YoY growth, the electric 2W industry is only 85,950 units away from riding past its best-ever annual sales of 1.14 million units it clocked in CY2024.
The segment’s success stems from expanding dealer networks, improved affordability through falling battery prices, and the introduction of longer-range models. Major players including Bajaj Auto, TVS Motor Co., Ather Energy, Hero MotoCorp, Ola Electric, and Greaves Electric Mobility command 89% market share, demonstrating the dominance of established manufacturers over nearly 190 smaller competitors.
Three-Wheelers: Fastest Transition from ICE to Electric
The electric three-wheeler segment has witnessed remarkable transformation, becoming a critical component of India’s last-mile mobility electrification. The electric 3-wheeler industry hit a new monthly retail sales high of 70,604 units, up 5% YoY (October 2024: 67,173 units) and crossed the 70,000-unit mark for the first time, beating the previous best of 69,125 units in July 2025.
This segment represents the fastest transition from internal combustion engines to electric powertrains, with electric three-wheelers now accounting for 57% of all three-wheeler sales in India. The e-3W market is dominated by Mahindra Last Mile Mobility, Bajaj Auto, YC Electric, TVS Motor Co, and other specialized manufacturers catering to commercial fleet operators.
Passenger Vehicles Register Impressive 57% Growth
The four-wheeler segment has posted strong growth despite being the smallest contributor by volume. Industry reports indicate that electric passenger vehicles have registered 57% year-on-year growth, driven by mid-range model launches and improved total cost of ownership economics. The availability of home and office charging infrastructure in urban centers has significantly reduced range anxiety, encouraging more consumers to make the switch.
According to data from the Federation of Automobile Dealers Association (FADA), the country logged 91,726 units in electric car sales during this period, marking a year-over-year growth of 47,554 units or 108 per cent (H1 FY2025: 44,172 units). The segment has already reached 86% of the entire FY2025 electric car sales record with several months remaining in the fiscal year.
Market Drivers and Consumer Confidence
The demand for electric vehicles remains robust despite recent policy changes, thanks to falling battery prices and a gradually expanding charging network. Industry experts highlight that the increasing availability of longer-range models has also played a crucial role in boosting consumer confidence.
According to Crisil Ratings analysis, Poonam Upadhyay, director at Crisil Ratings, anticipates a mid-teen growth rate for 2025, which, while softer than the previous year’s 27% surge, still indicates a healthy market. This projection suggests sustainable growth rather than unsustainable boom-bust cycles.
Record-Breaking October 2025 Performance
October 2025 marked a significant milestone with retail sales this October at a record 234,274 units, up 7% YoY and an additional 14,552 units (October 2024: 219,722 units) have breezed past the previous monthly best of 219,722 EVs exactly a year ago. This new monthly benchmark translates into 7,557 EVs sold on each day of October 2025.
What makes this achievement particularly noteworthy is that October 2025 was the first full month following GST 2.0 reforms, which reduced prices of internal combustion engine vehicles. Despite the narrowed price differential, EV sales surged, demonstrating that Indian consumers are choosing electric vehicles for performance, sustainability, and long-term savings rather than just initial price advantages.
Infrastructure and Policy Support
India’s public EV charging network has expanded rapidly at a CAGR of approximately 72% between FY22 and FY25, growing from 5,151 chargers in CY22 to 29,277 by July FY25—a five-fold increase. This growth has been supported by government initiatives including the PM E-DRIVE scheme, which allocated ₹2,000 crore specifically for public charging station installations nationwide.
State-level policies have complemented national efforts, with Maharashtra targeting 10% EV share in new vehicle registrations by December 2025, Karnataka planning to electrify 100% of three- and four-wheeler cargo vehicles by 2030, and Uttar Pradesh leading adoption with over 400,000 EV registrations driven primarily by e-rickshaws.
Market Outlook and Future Projections
With 1.84 million units sold between January and October, the 2-million milestone will be crossed very soon for the first time in a calendar year. Industry analysts project CY2025 total sales to reach approximately 2.15 million units, making it the strongest year in India’s EV history.
As the electric vehicle landscape continues to evolve, the combination of supportive policies, technological advancements, and changing consumer preferences is expected to drive further growth. The Indian EV market is poised for a promising future, with stakeholders optimistic about the continued adoption of electric vehicles across all segments.
The government’s ambitious target of 30% EV sales in private cars and up to 80% in two- and three-wheelers by 2030 appears increasingly achievable given current momentum, with the EV market expected to reach $164.42 billion by 2033 at a remarkable CAGR of 57.23%.
For more updates on India’s EV market growth and electric vehicle adoption trends, stay connected with our comprehensive industry coverage.
Official Links:
