EV retail sales cross 4 lakh mark

Retail sales of electric vehicles clocked 429,217 units in FY22 as compared to 134,821 units in FY21, and 168,300 units in FY20, the Federation of Automobile Dealers Association said in a statement.

This increase is over 200 percent as compared to FY21 numbers and 155 percent over FY2020 numbers.  The surge in sales can be attributed to availability of more products in the market, high fuel prices, state subsidies and sops offered under FAME II.

The two- and three segments led the growth in the fiscal with sales of 231,338 units and 177,874 units respectively. While the passenger ...