India Leads Global Electric 3-Wheeler Market With 57% Share in 2024, Says COP30 Report

Key Highlights

• India held 57% of global e-3W sales in 2024.

• 691,300 units were sold in 2024; 750,000 units are expected to be sold in 2025.

• China sold 300,000 units, marking a decline.

• PM E-Drive and FAME boosted affordability and adoption.

• Global public chargers crossed 5 million.

India has once again emerged as the world’s biggest electric 3-wheeler (e-3W) market. The latest COP30 ZEV report confirms that India captured 57% of global e-3W sales in CY2024, staying ahead of China for the second straight year. The report, released at COP30 in Belem, Brazil, highlights India’s rapid transition toward clean mobility and its growing influence in global zero-emission transport.

India’s Dominance in Global Electric 3W Sales

According to the COP30 Progress Update prepared by the Accelerating to Zero Coalition and the ICCT, India sold 691,300 electric 3-wheelers in 2024. This strong performance demonstrates how government policies, industry participation, and rising demand in last-mile mobility have pushed the country far ahead of global competitors.

China, in comparison, sold around 300,000 units, marking a 6% decline, while India posted an 18% YoY growth.

This also means global electric 3W sales touched 1.21 million units in 2024.

2025 Sales On Track to Cross 750,000 Units

The strong momentum has continued in 2025. From January 1 to November 20, 2025, India has already recorded over 680,000 e-3W sales, including an all-time high of 70,604 units sold in October.

With 40 days still left in the year, the market is expected to cross 740,000–750,000 units, setting a new record for India.

Policies Driving India’s EV Growth

The COP30 report emphasizes that India’s transition is driven by strong government and private sector collaboration.

Key programs include:

• PM E-Drive program, which has reduced upfront prices of electric 2- and 3-wheelers.

• FAME incentives, supporting early adoption.

• Targeted support for last-mile delivery operators and EV rental partners.

These policies have helped India achieve price parity between EVs and ICE vehicles, leading to faster adoption.

Charging Infrastructure Expanding Globally

The report notes that the world now has over 5 million public charging points, double the number in 2022. Countries like France, Spain, and Croatia increased EV incentives, while the UK and Canada updated their ZEV mandates.

India also recorded 23% growth in light-duty EV sales, with a 2.9% EV share in the first half of 2025.

Why India’s Strategy Works

According to ICCT India MD Amit Bhatt, India is focusing on electrifying the segments that matter most. Since two-wheelers and three-wheelers form nearly 80% of all vehicles sold in the country, electrifying them delivers the biggest impact.

He also highlighted the launch of a new programme for electric medium-duty and heavy-duty trucks, which contribute 44% of transport emissions despite being only 3% of total vehicles.

Global Recognition for Emerging Markets

Tim Dallmann of ICCT said that emerging markets like India, Chile, and Vietnam are becoming global examples by proving that the ZEV shift benefits both the climate and the economy.

Also Read: Mahindra Sets Bold 2030 Vision: 6X Sales Growth, Bigger EV Push & Global Expansion

CMV360 Says

India has firmly established itself as the global leader in the electric 3-wheeler market, backed by strong policy support, price parity, and booming last-mile mobility demand. With sales set to cross 750,000 units in 2025, India continues to shape the global EV transition. As charging networks expand and new schemes like PM E-Drive evolve, India is expected to maintain its lead and drive wider electrification across vehicle categories.