#EVUpdate
Karnataka leads in FY2024 with 11.63% E2W, 4.24% E-Car, and 9.77% E-Bus penetration among the top 5 states. Uttar Pradesh tops in 3W Passenger electrification at ~84%. Rajasthan, Tamil Nadu, and UP each surpass 60% electrification in 3W Cargo.
jmkresearch.com/wp-content/upl…
#EVWhitepaper
𝗡𝗲𝘄 𝗪𝗵𝗶𝘁𝗲𝗽𝗮𝗽𝗲𝗿 𝗔𝗹𝗲𝗿𝘁 : 𝗧𝗼𝗽 𝟱 𝘀𝘁𝗮𝘁𝗲𝘀 𝗘𝗩 𝗔𝗱𝗼𝗽𝘁𝗶𝗼𝗻 𝗧𝗿𝗲𝗻𝗱𝘀 𝗶𝗻 𝗜𝗻𝗱𝗶𝗮
The whitepaper explores EV adoption in the top five states, analyzing trends across different segments in each state.
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#EVUpdate
· The overall EV sales in May 2024 witnessed an increase of ~9.54% share from last month, reaching 1,23,115 units.
· On a y-o-y basis, EV sales in May 2024 decreased by ~22% from that of EV sales in May 2023.
#evsales#jmkresearch#electricvehicles