EV retail sales grow to 1,52,606 units, Q2 2023 EV Sales

As per the latest information from the Federation of Automobile Dealers Association (FADA), the Electric vehicle total retail sales in both passenger and commercial vehicles category. According to the latest information, EV retail sales grew 25.5 per cent to 1,52,606 units in November 2023 as compared to the 1,21,596 units that were sold in November 2022.

Electric Two-Wheeler Sales Record

The electric two-wheeler sales were 18.82 per cent higher at 91,243 units during the previous month from 76,791 units in November 2022. The electric three-wheeler volume gained 32.37 per cent to 53,766 vehicles in the reporting month as compared to 40,619 units retailed in the year-ago period. 

In terms of passenger electric vehicles, the total retail sales in November this year stood at 7,064 units, a growth of 77.35 per cent over 3,983 units in the same month of last year. The electric commercial vehicle (e-buses) retail sales were reported at 533 units in the previous month as against 203 units retailed in November 2022, registering a year-on-year growth of 162 per cent, as per the reports.

10,000 electric buses are getting ready for Indian streets

For a better environment, Eric Garcetti recently stated that electric buses are the future of transport. The ambassador recently travelled in an Indian electric bus here to attend a session on "accelerating deployment of electric buses in India". "It was very exciting for me to be on an Indian electric bus. We know that electric buses can change the world. 

They are quieter, cleaner, they help us reduce our carbon (footprint) and give us a future where our planet will be livable. "It is one of the reasons the United States government is working with our friends in the Government of India to get more electric buses on the streets of Indian cities. So, we have launched an initiative to have 10,000 electric buses on Indian streets," he said. 

The United States and India together are all set to bring 10,000 made-in-India electric buses (Electric buses in the future can be easily recharged in a number of ways. It can be operated in both slow-charging stations to fast-charging systems using pantographs. These pantographs enable rapid charging at bus stops, where batteries can be recharged in just a few minutes.) to cities across the country, bringing into reality a joint vision first announced during Prime Minister Narendra Modi's official state visit to the White House. "Every day we see the impact of the climate crisis at a global level. We must respond now or jeopardize the future of our planet and our people. 

The partnership announced today will mobilise financing for a fleet of 10,000 electric buses throughout India, expanding options for electric public transportation in India, creating cleaner cities and healthier communities," the ambassador said. "Thank you for your DTC bus experience and your support of our unwavering commitment to green and sustainable transportation. Delhi's electric buses are more than just vehicles; they're a step towards a cleaner, quieter, and greener future," he said in a post on X (formally Twitter).

The advantages of electric buses

Electric buses help to reduce greenhouse gas emissions and atmospheric pollution. Electric buses have lower maintenance costs thanks to fewer moving parts and less wear and tear on the electric motor. 

Why do we need electric vehicles? 

Air pollution is the major concern of the world's largest health and environmental problems. It develops in two contexts: indoor (household) air pollution and outdoor air pollution. In 2023, the Environmental pollution problems are now rapidly increasing. 

As a solution, electric buses have become a promising option for urban public transport systems. It also helps to understand the advantages it offers in terms of reduced emissions and operating costs.


Q2 2023 Electric vehicle sales in India

Electric vehicles (EVs) are now becoming more popular in India as the demand for EVs doubled in the second quarter of this year. EV sales surged by 120%, while hybrid vehicle sales were up by 400%. According to a report by CyberMedia Research (CMR), the rise in EV sales increased with the launch of the MG Comet EV. 

It is said that the growth in hybrid vehicle sales was driven by brands like Toyota, Maruti Suzuki and Honda. Over 90% of EVs sold in Q2 of 2023 were equipped with connected features and digital cockpits. For hybrid vehicles, this figure was around 15%.

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