International Energy Agency Projects India's Electrification Rate to Reach 32% by 2035

Key facts

• India's electrification rate could rise from 19 per cent to 32 per cent by 2035, driven mainly by transport electrification, according to the International Energy Agency (IEA) Electrification special report.
• Fuel-importing countries could cut energy import bills by over $400 billion by 2035 compared with 2025 levels; for India, reduced imports could yield savings of nearly 30 per cent of its 2025 import bill.
• Electric car sales in India rose over 115 per cent from March to June 2026 compared with the same period in 2025, and EVs accounted for over 65 per cent of three-wheeler sales in 2025.
• India launched a programme to procure and deploy 500,000 induction cooktops amid the West Asia conflict and Strait of Hormuz shipping disruptions.
• India and Southeast Asia's combined share of global air conditioner stock could rise from less than 10 per cent today to 20 per cent by 2035.
• Electricity demand in India and Southeast Asia grew at an average annual rate of around 5 per cent from 2015 to 2025.