UP contributes 19% of total EV adoption in 2024: Inc42 report

Uttar Pradesh has registered a 19% contribution in the 20 lakhs EV registered in 2024, a report by Inc42 shows. 

The India’s Electric Vehicle Startup Landscape Report, 2025 highlighted that the market for electric vehicles in India is expanding at an unprecedented rate, with the industry expected to reach $132 billion by 2030. Rising fuel prices, government subsidies, and growing environmental awareness have all contributed to the industry's notable growth in two-, three-, and commercial fleets, the report added. 

Although UP has achieved the highest EV adoption rate, Maharashtra has recorded the highest passenger EV sales, with 3,000 and more EV charging stations, the highest from anywhere in India. 

India's $54.4 billion EV industry is expected to grow 2.4 times faster to reach $132.2 billion by 2030 thanks to government incentives and the Center's persistent commitment to reduce the usage of fossil fuels. By the same year, the government's Invest India portal predicts that the EV market will surpass 17 million units sold annually, Inc42 reported.

As of December 2024, there were 25,202 public EV charging stations in India, according to official data. This means that there is just one public charging station for every 80 new EVs, based on the number of EVs registered in the past year alone. With more than 58 lakh EVs registered in India as of right now, the disparity grows even more, with only one public charging station for every 230 cars. This emphasizes how urgently better infrastructure is needed to encourage the use of EVs.