Electric Vehicle Market Outlook Report 2020

India has set a target of 30% electric vehicles on the road by 2030 and given that so far only 32% of states and UTs in the country have formulated policies regarding electric vehicle adoption, this is an ambitious target.

The latest report by DataLabs assesses this booming EV market in India, even as the electric mobility system takes steps towards maturity. Touching on the factors driving the supply and demand side, the report showcases the current challenges, trends and investor confidence in this sector.

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Electric Vehicle Market Outlook Report 2020

Quoted & Trusted By

the economist
business insider
cb insights
the huffington post
the economic times
live mint
the times of india

Key Highlights


Negative sentiments towards slow charging by Indian consumers

$601 Mn

Raised by Indian EV startups between 2014 to 2019


70% Market share in commercial vehicles by 2030

Tata Nexon EV

the most popular electric vehicle

Table Of Contents

  • Scope Of The Report
  • Executive Summary
  • Introduction
  • India’s Automobile Sector: An Overview
  • The Electric Vehicle Market In India
  • The Electric Vehicle Startup Landscape
  • EV In India: The Consumer Side Of The Story
  • Factors Driving Electric Vehicle Market
  • Market Electric Vehicles: How Is India Buying?
  • Global Comparisons
  • The Underlying Problems
  • Policy Measures and Recommendations
  • Case Studies
  • Future Trends In The Electric Vehicle Market
  • Methodology
  • Glossary
  • Bibliography


Though still in nascent stages in India, electrification of mobility is one of the largest segments within the automobile industry globally. India’s auto industry became the fourth largest in the world with sales increasing 9.5% to 4.02 Mn units in 2017 (excluding two wheelers) and emerged as the seventh largest manufacturer of commercial vehicles the next year.

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