India has emerged as the global leader in the electric three-wheeler market, commanding 57 per cent of global sales last year, according to a new progress report on the zero-emission vehicle (ZEV) transition released at the ongoing COP30 summit in Brazil.
India maintained steady growth with a 23 per cent year-on-year rise in light-duty EV sales (2023–2024) and a 2.9 per cent EV sales share in the first half of 2025.
India’s rapid shift toward clean mobility positions it as a key driver of the global transition to zero-emission transport systems, said the report prepared by the Accelerating to Zero Coalition for which the International Council on Clean Transportation (ICCT) serves as secretariat.
India’s policy-driven transformation has also made it the world’s second-largest electric two-wheeler market, with a 6 per cent sales share in 2024.
Targeted government initiatives such as FAME and PM E-Drive have played a decisive role in achieving price parity between electric and conventional models, fuelling large-scale adoption and private sector investment across last-mile mobility, said the report.
The transition has been powered by a strong collaboration between government and the private sector with companies adopting EVs for cost savings and working with rental partners to build out the ecosystem.
The PM E-Drive Scheme aims to accelerate EV adoption by incentivizing the sale of about 2.5 million electric two-wheelers and 320,000 three-wheelers, supported by $315 million in subsidies for vehicles and charging infrastructure. This supportive policy environment has encouraged private investment, with Zomato committing to a 100 per cent electric delivery fleet by 2030 and launching an electric rental bike pilot in Delhi NCR.
EVs accounted for 18 per cent of global light-duty vehicle sales in 2024, up from 14 per cent in 2023, reflecting strong momentum across emerging markets.
Amit Bhatt, India Managing Director, ICCT said, India is rightly targeting the electrification of its largest vehicle segment, as two- and three-wheelers together account for nearly 80 per cent of total vehicle sales.
However, the Indian government through the PM e-DRIVE scheme is now going a step further by launching a dedicated programme to accelerate the electrification of medium- and heavy-duty trucks, he said.
These vehicles represent only about 3 per cent of the total vehicle stock but contribute nearly 44 per cent of transport-related greenhouse gas emissions, he said.
Published on November 20, 2025
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