India’s electrification of road transport has entered a decisive growth phase. Around 2.5 million vehicles were sold in FY26, a significant increase from FY25. This momentum reflects the effectiveness of policy support from both the Centre and the States, including upfront purchase incentives, road tax exemptions, registration charge waivers, and other demand-side interventions. These measures helped create the initial market, reduce consumer hesitation, and establish electric vehicles (EVs) as a credible and tested technology.Import dependenceThe next phase of EV adoption demands a different policy and industrial logic. As the sector scales, India is moving away from imported fossil fuels, only...