Electric LCVs penetration rate India FY 2023-2030
In financial year 2023, the penetration rate of the electric light commercial vehicles (eLCVs) in India stood at one percent. The penetration rate of eLCVs was expected to reach 27 percent across the country by fiscal year 2030. According to the source, among other types of electric vehicles, the penetration rate of electric three-wheelers was expected to be the highest by 2030.