India, Jan. 4 -- With a rising base, the growth in two-wheeler electric vehicle (2W EV) registrations saw a sharp slowdown in 2025. Industry growth declined over 20 percentage points to 11.9% last year from 33% in 2024, according to the Vahan portal. Total 2W EV registrations stood at 12.80 Lakh units in 2025 as against 11.44 Lakh units in the previous year.

A key driver of the slowdown was the exhaustion of the first wave of experimental buyers - early adopters who purchased EVs out of curiosity, subsidy benefits or enthusiasm for new-age mobility.

Industry executives say the early-adopter cohort is largely saturated, with the next wave of demand expected from everyday commuters. However, adoption among these buyers is likely to be slo...