Electric Two Wheeler Market In India

According to datalabs by inc42 s electric vehicle market outlook report 2020 the market share of two wheelers in india is approximately 20 while three wheelers with 70 market share lead the.

Electric two wheeler market in india.

India electric two wheelers market highlight. Is there room for 50 players in india s still very nascent electric two wheeler industry. Government has recently proposed a new plan of making all two wheelers up to 150cc electric by 2025 which contributes 90 per cent of the total two wheeler market in india. The electric two wheeler market is growing at a rapid pace in india.

Although we must point out that the last couple of years have seen some really good electric scooters and bikes enter the market at an affordable price point and have decent service back up as well. India is yet to warm up to the idea of electric two wheelers. India electric two wheeler market can be classified on the basis of battery type vehicle type voltage capacity and by region. The electric bike market is hotting up.

The electric two wheeler market in india is emerging on account of increased government policies supporting battery powered vehicles the growing awareness toward the environment increasing. Based on the battery type the market can be segmented into lithium ion and lead acid. India two wheeler market by vehicle type motorcycle scooter moped electric two wheeler by engine capacity 100cc 100 125cc 150 180cc 180 250cc 250 500cc 500cc competition forecast opportunities fy2013 fy2023. Increasing government initiatives increasing urbanization are the key factors fueling the growth of the electric two wheelers market in india.

Lead acid accounted for the largest share and the segment will continue to dominate during the forecast period as well. In 2018 indian government confirmed subsidies for all type of electric vehicles. The number of electric two wheelers across india was projected to cross the 26 million units mark in 2030.