July 16, 2025 3:26 PM
India’s EV sales projected to cross 7% market share by FY28: CareEdge report
India’s electric car sales are projected to cross a 7 per cent market share by FY28, provided supply chain challenges around rare earth elements (REEs) are addressed in time, according to a new report released on Wednesday. The report by CareEdge Advisory highlighted that India’s electric car market has witnessed robust growth over the past three years, expanding from just over 5,000 units in FY21 to more than 1.07 lakh units in FY25 — a 21-fold increase. While electric four-wheelers cur...