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Who Will Lead The EV Charge In India?

Who Will Lead The EV Charge In India?

Electric two-wheelers are driving India’s EV adoption, supported by FAME II subsidies that cut costs by 30–40%. While car electrification lags due to range and infrastructure challenges, scooters and rickshaws lead the clean mobility shift.

June 10, 2021 2 min read Consumer Discretionary
Who Will Lead The EV Charge In India?

The biggest question on every automakers and their consumers’ minds is when will battery power make internal combustion engined-cars obsolete. At least in the Indian context. The concept of electric vehicle – although not a new one – is still for most something that will happen in the future or to a select few. But the current acceptance of electric power amongst 2-wheelers is reasonably a healthy one. Rough estimates suggest that the current volume of electric two wheelers top at just over 500,000 units while the four-wheeler count is still in thousands. Which means that it is hardly 1% of total industry volume.

The Government of India however has been pushing this agenda with formation of many policies. They aren’t revolutionary yet because to be honest, we currently don’t have the infrastructure or the technology to convert ICE to electric enmasse however they are taking baby steps towards it by changes more directed towards where there are better chances of results.

In India two-wheelers have largely led the charge for EVs in India so far aided by a push from unexpected corners. For many years now, small-time regional importers of electric kits from South-East Asia and China have been…

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