Tamil Nadu has attracted around ₹60,000 crore in investment commitments to the electric vehicle (EV) sector so far, according to the data available with Guidance Tamil Nadu, the government’s investment promotion agency. That is, however, just one part of the success story. Here is the other part: the State still has a long way to go in EV adoption or penetration (measured in terms of EV sales as a percentage of the total vehicle sales).
According to data from Climate Trends, Tamil Nadu’s EV sales stood at 68,335 units between January and September 2023, and the penetration was 4.93%. For the same period, comparable States such as Maharashtra had a penetration of 7.71%, Karnataka 8.76%, and Gujarat 5.40%. In terms of EV categories, two-wheelers had a penetration of 5.59%, four-wheelers had 2.24% and three-wheelers 12.96% in the State.
