The current state of India's B2B electric movement and how it will shape fleet management

At the moment, India is on the brink of an electric vehicle (EV) revolution, with business-to-business (B2B) electric vehicles leading the charge.

The most recent Economic Survey predicts that India's EV market will grow at a compounded annual growth rate (CAGR) of 49% between 2022 and 2030, with 10 million annual sales by 2030.

The theory is further supported by data from the Union Minister and the government's Vahan website, as of August 8, 2023, there are more than 2.8 million electric vehicles ( EVs) registered on Indian roads, according to data provided by the Union Minister and the government’s Vahan website. Remarkably, between January and August 18, 2023, a total of 9,01,364 EVs were registered, accounting for nearly 88% of the total EV registrations in all of 2022, which amounted to 1,024,795 EV registrations.

Looking to the future, the role of B2B electric vehicles in India's transition becomes pivotal.

Source: https://yourstory.com/2023/10/india-b2b-electric-vehicle-fleet-management