India Expected to Have 123 Million Electric Vehicles on Roads by 2032: Report

A new report says that India could have as many as 123 million electric vehicles (EVs) on its roads by the year 2032. This large growth shows the country’s strong push toward clean and green transportation.

The report explains that more people in India are choosing electric vehicles because of rising fuel prices, better technology, and stronger government support. The Indian government has launched many schemes to encourage EV use, including subsidies for buyers, tax benefits, and investment in charging infrastructure. These efforts are helping more people afford EVs and feel confident using them.

The number of electric two-wheelers, such as scooters and bikes, is expected to grow the fastest. These vehicles are cheaper, easier to charge, and perfect for daily use in crowded cities. Electric three-wheelers, used mainly for public transport and deliveries, will also increase quickly. Car buyers are also starting to choose electric models as companies release more affordable and reliable options.

To support this growth, India is working on building more EV charging stations across the country. The report points out that expanding the charging network will be key to helping more people switch from petrol and diesel vehicles to electric ones. Private companies and public agencies are already investing in this area to meet future demand.

Experts believe that the shift to electric vehicles will not only cut air pollution but also reduce India’s dependence on imported oil. This move will help the country save money and protect the environment at the same time.

However, the report also warns that challenges like high battery costs, limited charging stations in rural areas, and lack of consumer awareness need to be addressed. The government and private sector must work together to solve these problems.

If these efforts continue, India could become one of the world’s largest electric vehicle markets by 2032, leading the way in clean and sustainable transport.