India Surpasses US in EV Car Market Share

India has achieved a major milestone in the electric vehicle market. In April, electric cars accounted for 5.8 percent of new car sales in the country, allowing India to surpass the United States for the first time in EV market share. The share stood at 5.1 percent in March and only 3.7 percent during the same period last year. Experts say new model launches, growing customer interest, and concerns over rising fuel prices are driving EV sales in India.

Although the EV market share in the United States has declined to 5.1 percent, the country still leads in overall sales volume. In the Indian market, Tata Motors continues to dominate EV sales, followed by Mahindra & Mahindra and JSW MG Motor India. Automobile companies say rising fuel prices due to West Asia tensions are encouraging more consumers to shift towards electric vehicles.