India’s EV Revolution Shifts Into Top Gear: Now Commands 57% of Global Electric Three-Wheeler Market, Says COP30 Report

New Delhi, 19th November 2025: India’s electric mobility push has crossed a historic milestone, with the country now dominating the global electric three-wheeler market like never before. A new COP30 Zero-Emission Vehicle (ZEV) progress report reveals that India captured a staggering 57% of worldwide electric three-wheeler sales in 2024, underscoring how the nation’s policy-led EV revolution is reshaping global market trends.

Released at COP30 in Belém, Brazil, the report—COP30 Progress Update: Driving Progress on the Zero-Emission Vehicle Transition—is authored by the Accelerating to Zero (A2Z) Coalition, with the International Council on Clean Transportation (ICCT) acting as secretariat.

The report highlights how targeted policies, financial incentives and rising consumer acceptance have turned India into a central force in the global EV transition. Alongside its dominance in three-wheelers, India also became the second-largest electric two-wheeler market, posting a 6% sales share in 2024.

Flagship initiatives such as FAME (Faster Adoption and Manufacturing of Hybrid & Electric Vehicles) and the PM E-Drive Scheme have been instrumental in reducing upfront costs. The PM E-Drive programme alone is set to incentivize 2.5 million electric two-wheelers and 320,000 electric three-wheelers, backed by US$315 million in subsidies for vehicle purchases and charging networks.

By prioritizing the electrification of two- and three-wheelers, which together account for nearly 80% of India’s vehicle market—the government has triggered a rapid, self-sustaining surge in EV adoption.

India’s EV movement is no longer limited to government initiatives. Major private-sector players are stepping in to accelerate the shift. Zomato, a leading food-delivery platform, has committed to transitioning its fleet to 100% electric by 2030 and recently launched an electric rental bike pilot in Delhi NCR, signaling strong industry alignment with clean mobility goals.

Despite uneven policy support in certain advanced economies, the global EV market continues to grow. Electric vehicles made up 18% of global light-duty vehicle sales in 2024, compared to 14% in 2023. Public charging points worldwide exceeded 5 million, doubling within two years.

India’s domestic light-duty EV market expanded by 23% between 2023 and 2024, with EVs contributing 2.9% of total light-duty sales during the first half of 2025.

The report credits India’s FAME programme, PM E-Drive push and Europe’s AFIR policy as some of the most influential global drivers accelerating the zero-emission transition.

Amit Bhatt, India Managing Director at ICCT, said India’s approach of focusing on the most widely used vehicle categories has been “practical and effective.”

“India is rightly targeting the electrification of its largest vehicle segment—and the results are beginning to show,” he said. Bhatt also welcomed the government’s new focus on medium- and heavy-duty trucks, which generate 44% of all transport-related greenhouse gas emissions.

Tim Dallmann, ICCT’s International Partnerships Program Director, noted that emerging economies like India are now steering the global EV transition.
“This year’s report shows that despite political uncertainty in some established markets, the ZEV transition is accelerating at an unprecedented rate in emerging markets,” he said.