The penetration of electric cars in India is projected to rise significantly, reaching nine per cent by 2030 from the current 2pc, according to a report by Nomura.
This shift is part of the country’s broader transition towards sustainable and eco-friendly mobility solutions.
The report highlighted that electric vehicle (EV) penetration in passenger cars has remained stagnant at around 2pc over the past two years.
It said “EV penetration in cars, which has been around 2pc over past two years, is expected to grow to 5pc by FY27 and further to 9pc by 2030”.
Similarly, the adoption of electric two-wheelers is predicted to rise from 5.8pc in 2025 to 10pc by 2027 and 20pc by 2030.
The report emphasised that success in the EV segment is crucial for carmakers to meet future Corporate Average Fuel Efficiency (CAFE) norms and maintain long-term competitiveness and sustainability. Companies are now focusing on developing production-ready, affordable EV models to drive adoption.
The recently-concluded Bharat Mobility Expo 2025 showcased India’s evolving automotive landscape, signalling a clear shift towards electric mobility. Exhibitors demonstrated a strong commitment to eco-friendly and technologically advanced vehicles, setting the stage for a greener and more connected future in Indian mobility.
It said, “As the Indian automotive market evolves, launches at recently Bharat Mobility Expo 2025 signal a dynamic shift towards eco-friendly and technologically advanced vehicles.”
Additionally, the Auto Component Expo underscored advancements in newer technologies such as Advanced Driver Assistance Systems (ADAS) and EV components.
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