Prime Minister Narendra Modi on Friday projected that the number of electric vehicles in India could increase eightfold by the end of this decade, showcasing the immense potential in this segment.

Speaking at the inauguration of the Bharat Mobility Global Expo 2025, the largest mobility expo in India, Modi said the sale of electric vehicles has increased 640 times in the past decade.

He noted that while only around 2,600 electric vehicles were sold annually ten years ago, over 16.80 lakh electric vehicles were sold in 2024.

He emphasized that the number of electric vehicles sold in a single day today is double the number sold in an entire year a decade ago.

Stressing on the continuous policy decisions and support provided by the government for the expansion of electric mobility in the country, the Prime Minister remarked that the FAME-2 scheme, launched five years ago, had provided incentives worth over ₹8,000 crore.

He emphasized that this amount was used to subsidize the purchase of electric vehicles and build charging infrastructure, supporting over 16 lakh EVs, including more than 5,000 electric buses.

Modi noted that over 1,200 electric buses provided by the Union government were operating in Delhi.

The Prime Minister highlighted the introduction of the PM E-Drive scheme in the third term, which will support the purchase of around 28 lakh EVs, including two-wheelers, three-wheelers, e-ambulances, and e-trucks.

He emphasized that approximately 14,000 electric buses will also be purchased, and over 70,000 fast chargers will be installed across the country for various vehicles.

The Prime Minister noted that the PM E-Bus service has been launched in the third term to support the operation of around 38,000 e-buses in small cities across the country.

Underscoring the continuous support provided by the government for EV manufacturing, Shri Modi remarked that pathways were created for global investors interested in EV car manufacturing in India.

He highlighted that these efforts will help expand the quality EV manufacturing ecosystem and build the value chain in India.