FADA figures: Sales of electric vehicles rose by 55%, but e-cars fell by 7.76%

New Delhi| Retail sales of electric cars (e-cars) have also declined on a monthly and yearly basis in September, 2024 amid a major 19 per cent decline in passenger vehicles. However, sales of other categories of vehicles have seen a rise of up to about 55 per cent.

According to the Federation of Automobile Dealers Associations (FADA), a total of 5,874 e-cars were sold nationwide in September. This figure is 7.76 per cent lower than the 6,368 e-cars sold in September, 2023, and 7.32 per cent lower than the 6,338 units in August, 2024.

However, sales of e-two-wheelers increased by 40.45 per cent year-on-year and 1.74 per cent monthly last month to 90,007 units. Sales of e-three-wheelers increased by 9.30 per cent and 3.55 per cent to 62,889 units respectively. During this period, a total of 855 e-commercial vehicles were sold across the country. This figure is 54.61 percent higher than September, 2023 and 27.04 percent higher than August, 2024.

Boom in market share
Despite declining sales, the market share of e-cars increased by 0.2 per cent to 2.1 per cent in September.
The market share of e-two-wheelers increased by 2.6 per cent and 0.9 per cent to 7.5 per cent on annual and monthly basis respectively.
The market share of e-three-wheelers increased to 59 per cent. E-commercial vehicles have also increased to 1.15 per cent.

Four major reasons…Due to which there was a decline in sales

1. FADA Vice President Sai Giridhar said, sales of e-cars have declined in September due to many reasons.
2. Customers don’t have much choice.
3. The price of e-cars is about one and a half times higher than normal cars.
4. Due to lack of charging station, people have a fear regarding the range of e-cars.
5. Along with Shraddha and Pitru Paksha, heavy rains have also affected sales.