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The penetration of electric vehicles in the three-wheeler segment has crossed 50 per cent in FY23, spurred majorly by electric rickshaws (e-rickshaws). As one of the early adopters of electric vehicles (EVs) in the country, the three-wheeler segment has reported an EV penetration of 53 per cent in this fiscal, while the penetration of EVs in the two-wheeler and passenger vehicle segments stands at about 5 per cent and 1 per cent, respectively, in FY23, according to the data Vahan Dashboard. Excluding the e-rickshaw segment, EV penetration in the 3W segment is relatively lower at 8 per cent, though it has been picking up over the past two years. This penetration level is projected to increase to 14-16 per cent (excluding rickshaws) by FY25.