EV Retail Sales Surge in May 2026

India's electric vehicle (EV) retail market recorded impressive growth in May 2026, with EV retail sales rising to 9.25% compared to 6.11% in May 2025. The steady increase highlights the growing acceptance of electric mobility among consumers and reflects the shift towards sustainable transportation solutions across the country.

Several EV segments witnessed significant growth during the period. Electric two-wheeler goods vehicles registered a growth of 25.23%, while three-wheeler goods vehicles recorded a remarkable 64.45% increase. Electric three-wheelers grew by 25.80%, commercial EVs by 2.86%, and commercial passenger EVs by 6.63%. Industry experts attribute the growth to rising fuel prices and increasing consumer preference for fuel-efficient and environmentally friendly vehicles.