India Electric Vehicle Market Growth, Trends, Outlook, Size, Share, Growth, Demand, Forecast 2025-2033

The India electric vehicle market growth, as reported by IMARC Group, is experiencing a significant surge. In 2024, the market was valued at USD 2,361.0 million and is projected to reach USD 164,420.4 million by 2033, exhibiting a robust CAGR of 57.23% during the forecast period (2025–2033) . This growth is driven by increasing environmental concerns, supportive government policies, and expanding charging infrastructure. Notably, South India currently holds the largest market share, accounting for over 38.6% in 2024 .

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