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Penetration rate of the electric light commercial vehicles (eLCVs) in India in financial year 2023, with forecasts until 2030

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Release date

April 2023

Region

India

Survey time period

FY 2023

Supplementary notes

*Forecast.

India's financial year begins in April and ends in March. For example, FY 2016 started in April 2015 and ended in March 2016.

Citation formats

Electric LCVs penetration rate India FY 2023-2030

Published by ÌÇÐÄÆƽâ°æ Research Department, Jun 20, 2023
In financial year 2023, the penetration rate of the electric light commercial vehicles (eLCVs) in India stood at *** percent. The penetration rate of eLCVs was expected to reach ** percent across the country by fiscal year 2030. According to the source, among other types of electric vehicles, the penetration rate of electric three-wheelers was expected to be the highest by 2030.
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