EVs display resilience in Feb.

February 2025 saw growth in electric vehicles sales, with passenger vehicles leading the charge, despite challenges in the market.

At a time when all segments of internal combustion engine (ICE) vehicles have reported a 7% slump in retail sales, most segments of electric vehicles (EVs) have reported growth, except for two-wheelers.

The total number of EVs sold in February 2025, however, was down 2% to 1,39,026 units compared with 1,41,743 units retailed a year earlier.

As per data released by the Federation of Automobile Dealers Association (FADA) on Friday, electric passenger vehicles (PVs) recorded a healthy 18.95% YoY increase, reflecting growing consumer awareness and adoption of EVs in the personal mobility space, and achieving a market share of 3% of the entire PV segment.

In February 2025, a total of 8,968 units of electric PVs were retailed as compared with 7,539 units in February 2024. Their market share has grown from 2.2% to 3%. The electric two-wheeler segment, reported a YoY decline of 8.05%, but maintained a significant market share at 5.6% (5.7%), underscoring the sustained demand for affordable EV mobility solutions. A total of 76,086 units were retailed compared with 82,745 units in the year-earlier period.

Electric three-wheelers grew 4.95% YoY, and secured the highest market penetration at 56.4% (52.7%). A total of 53,116 units were retailed compared with 50,612 units a year ago.

The electric commercial vehicles segment witnessed a moderate growth of 1.1% YoY, but crossed the crucial 1% market share threshold thus highlighting incremental yet steady progress towards commercial fleet electrification. A total of 856 units were retailed as compared with 847 units in February 2024. Market share increased from 0.94% to 1.03%.

FADA president C.S. Vigneshwar said, “In February 2025, India’s electric vehicle market displayed commendable resilience with positive growth across segments, despite some challenges.”