India's electric vehicle (EV) market is experiencing significant growth, with sales increasing by 84% year-on-year in FY26, reaching 24.5 lakh units, according to the Federation of Automobiles Dealers Association (FADA). This growth is attributed to new model launches and increasing urban acceptance. However, despite this surge, EVs accounted for only 7.6% of total vehicle sales in 2024, falling short of the government's ambitious target of 30% by 2030. The high upfront costs of EVs remain a major barrier, with average electric cars priced around ₹13 lakh, nearly three times the cost of conventional petrol vehicles. Although running costs are lower, many consumers prioritize upfront affordability. Additionally, while India's charging infrastructure has expanded to over 29,000 stations, the availability and utilization of these facilities vary widely, particularly in rural areas. Furthermore, India's heavy reliance on imported lithium and other critical minerals for battery production raises concerns about the sustainability of its EV ambitions. The market is segmented, with electric two-wheelers and three-wheelers gaining traction, while electric trucks lag behind. Overall, continued policy support and consumer awareness are essential for accelerating EV adoption in India.