Archive · 20 May 2025
India's EV Sales Lag Despite Global Surge, IEA Report Shows
The world is buying a lot more electric cars.
In 2024, over 17 million were sold!
China is the biggest buyer by far.
India is also selling more electric cars, but not as many as some other countries like Brazil and Vietnam.
India's sales are limited due to high prices, not enough help from the government, and a lack of charging stations.
The IEA expects that global sales will rise further in 2025.
Global EV sales exceeded 17 million units in 2024.
India's EV penetration reached about 2% of total car sales in 2024.
China led global EV adoption, accounting for nearly two-thirds of sales.
Brazil and Vietnam showed sharper EV growth compared to India.
Factors limiting India's growth include pricing, incentives, and infrastructure.
- Who
- The IEA reported on global EV sales and compared adoption rates in various countries.
- What
- Global EV sales surged, but India's adoption lags behind other nations.
- When
- In 2024, with projections for 2025
- Where
- Globally, with a focus on India, China, Brazil, Vietnam, and Southeast Asia.
- Why
- India's slow EV growth is due to pricing gaps, weak incentives, and slower infrastructure buildout.
- Global EV Sales 2024
- Over 17 million units
- India's EV Market Share
- Around 2%
- Brazil EV Sales 2024
- 125,000 units
- Vietnam's EV Market Share
- 17%
- China EV Sales 2024
- Over 11 million units