India’s EV market set to reach USD 191 billion by 2034India's electric vehicle market is witnessing rapid growth, with EV sales increasing 46-fold since 2016. The EV battery market is likely to grow from $2.71 billion in 2025 to $15.90 billion by 2034 at a CAGR of 21.70 per cent. On the infrastructure side, India’s public EV charging network is expanding rapidly. According to Bharat Heavy Electricals Limited (BHEL), 16,561 of the 52,718 public charging stations available as of July 2026 are equipped with fast EV charging facilities. EV manufacturers attracted the bulk of this funding, securing around $1.2 billion and Delhi emerged as the top city for EV investments.