The electric vehicle revolution is in full throttle and EVs could hit 30-35 per cent of annual vehicle sales in India by FY30, though internal combustion engine vehicles will still dominate the roads, co-existing with EVs for years to come, according to SBI Capital Markets report. India is catching the EV wave, with penetration rising from less than 1 per cent in 2019 to 7.4 per cent in 2024.