Federation of Automobile Dealers Associations Reports EV Share Rising in Auto Market

Car companies say that batteries contribute 35-40 percent to a car's total cost. If Battery as a Service (BAS) becomes popular, electric car sales will certainly accelerate. Tata showroom managers reported that electric car sales have been increasing since the launch of this service. Many two-wheeler companies already offer battery swapping or battery rental.

According to data from the Federation of Automobile Dealers Associations (FADA), electric cars accounted for 6 percent of total car sales in April this year, up from 3.7 percent in the same month last year. This share was 5.1 percent in March this year.

Similarly, the share of electric two-wheelers in total sales reached 9.8 percent in March this year, up from 5.5 percent in April last year. According to the Ministry of Heavy Industries, the share of electric three-wheelers in cargo-carrying vehicles increased to 33 percent in April, up from 23 percent a year earlier.