The Rise of Electric Vehicles in 2025: A Global Shift

India is rapidly emerging as a significant player in the global EV market. In the first quarter of fiscal year 2025-26, Andhra Pradesh registered 5,789 EVs, contributing to nearly 100,000 EVs registered nationwide since 2022. Two-wheelers dominate the market, comprising about 85% of total EV registrations. The government's Faster Adoption and Manufacturing of Hybrid and Electric Vehicles (FAME) scheme, along with incentives for battery manufacturing, are fueling this growth .

🚗 Affordable EVs Gain Traction

Automakers are introducing more affordable EV models to attract a broader consumer base. In China, approximately 60% of EVs sold in 2024 were priced below their internal combustion engine counterparts. In India, Tata Motors has launched electric car models priced under $15,000, while Vietnamese automaker VinFast offers a mini electric SUV priced below $13,000. These developments are making EVs more accessible to the mass market .

Advancements in Battery Technology

Battery technology continues to improve, enhancing the performance and affordability of EVs. The average price of high-powered EVs has decreased by 15% since 2023, thanks to economies of scale and reduced battery costs. Battery longevity has also improved, with manufacturers offering warranties of up to 10 years or 150,000 miles. Additionally, the expansion of fast-charging infrastructure, with a 70% increase in compatible stations since 2023, is addressing range anxiety and making EVs more convenient for consumers .

The momentum behind EV adoption is expected to continue as governments, consumers, and manufacturers embrace the transition to sustainable transportation. With ongoing advancements in technology, supportive policies, and increasing consumer demand, the rise of electric vehicles in 2025 marks a significant step toward a cleaner and more sustainable future.