India's EV Sales Could Reach 30.4 Million Units a Year by 2032, Led by Two-Wheelers

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According to a new report, India's electric vehicle (EV) market could reach an annual scale of 30.4 million units by 2032 if improvements in demand, charging infrastructure and policy support continue. EV adoption in India is still in its early stages, but the report suggests the market could transform completely over the next six years, with electric two- and three-wheelers — expected to account for the bulk of the volume — driving that growth.