The Indian EV market continues to expand with rising sales of electric two-wheelers (E2W). E2W sales in FY23 nearly tripled compared to FY22, reaching 7,28,054 units. However, subsidies under the FAME Scheme were reduced, leading to a slowdown in sales earlier this year. Despite this, sales are expected to surpass the previous year's figures but fall short of Niti Aayog's target. Industry players emphasize the need for continued government support, including FAME subsidies and EV tax exemptions.