The month, December in 2021 witnessed a surge in the registration and sales of Electric vehicles across the country as folks opted for the EVs due to its services over fuel pumped vehicles. The total registered electric vehicle sales in India more than doubled in 2021 as compared to 2020 and crossed a mark in 2021, the highest-ever annual volume.
As per a report by JMK Research & Analytics, this is the first time that EV registrations have crossed the 50,000-mark in a month. When the state-vise data is taken, the state which leads in the maximum registration and sales is the north Indian state Uttar Pradesh. The state has jumped to a percentage of 23% share in overall sales in India in December 2021. With a 13% jump, Maharashtra is in second place and Karnataka in third place.
The electric vehicle manufacturers in India are focusing to link the vehicle to other parts of the country and to more areas. Apart from electric bikes, e-cars, and cargo electric vehicles have been contributed to the surge of sales. This accounted for the total increase to a greater extent.
When the data from 2020 is considered, the surge has been recorded from December 2020, however, from 2021 January, the surge has not marked upto the point. Also, in May there occurred a declination both in sales as well as registration. Later during August and September, the surge was again reported.
When the data of electric cars are taken, the cumulative sales in December 2021 stood at 2,522 units, an m-o-m jump of 64% and a y-o-y surge of 410% in registrations. Tata Motors drove the e-car sales this month, accounting for 93% of the total registrations in December 2021.
Moreover, the electric vehicle with three wheels is also coming up at the forefront, and sales of registered Electric three-Wheeler (E3Ws) – both passenger and cargo-type – in December 2021 stood at 23,373 units, signifying a 29.8% m-o-m increase.