EVs sales to get significant boost in 2025, with plans for a stylish and impactful launch.
The year 2025 will bring a big revolution in the transportation sector in India as EVs are ready to overtake the sales of petrol and diesel cars, with more than 18 EVs set to release. Big auto players like Kia, Maruti and Hyundai are all ready with their new EVs to contribute significant growth in the EV market, with additional support from government schemes and infrastructure growth.
The launch of 18 EVs scheduled this year indicates the ongoing growth of the EV sector as EVs can outspace the number of launches in a year. Out of 28 launches, the majority will be EVs.
The EVs industry, producing zero emissions, will be witnessing huge growth of over 50% sales of 200,000 units in the passenger vehicle segment. These numbers are expected to grow to 7% by the end of this year.
Maruti Suzuki Plans
Hisashi Takeuchi, managing director of Maruti Suzuki has shared his thoughts, “Every Auto company is looking to expand their electric ecosystem in India as they see the country with tons of potential in this growing sector. I think EV sales will continue to boost due to new products introduced with better batteries and superior technology.”
- However, Maruti thinks that the main problem which arises in the country is poor infrastructure and range anxiety, and to tackle this they will be installing fast chargers at their dealerships, in a radius of every 5-10 Km in the top 100 cities of India.
Hyundai’s Vision
Hyundai has also expected to grow their electric share in the market by the end of this year, “We are closely following the EV sector in India and have plans to increase our share by 15-20% by 2030 ( from 2% in 2024). This means that many auto companies, OEMs, and Government initiatives are promoting the launch of new EVs in the industry for its significant growth.
- To achieve the desired results, Hyundai has also started assembling battery packs in India for low manufacturing cost. The company has also signed deals with a local supplier to manufacture cells for electric vehicles for the next 5 years.
- Hyundai is also working on the establishment of 600 fast-chargers on major highways across India by 2030, therefore improving the charging infrastructure and boosting the EV economy for smooth operation of their cars.
Kia’s Strategy
The senior Vice-President and head of Kia India addressed: “Earlier people did not have many options in the field of EVs, but now with many big players coming into the EV industry has garnered people’s interest towards buying an EV. Now people are not considering EVs as an alternative or secondary option. Thus their sales could double from 2% to 4%.
Industry Growth
The EV industry and EV experts have estimated the sales of electric cars to grow at a CAGR of 43% to 9,32,000 units by 2030, with majority of demand coming for Electric SUVs. The total sales of EVs are currently at a decent 1,07,000 units, with about 4.3 million cars, sedan and SUVs sold in India.
