Electric Two Wheeler Market In India

Increasing government initiatives increasing urbanization are the key factors fueling the growth of the electric two wheelers market in india.

Electric two wheeler market in india.

India electric two wheeler market can be classified on the basis of battery type vehicle type voltage capacity and by region. With multiple brands including large scale manufacturers introducing products in the segment we expect it to further improve. The electric two wheeler market is growing at a rapid pace in india. Is there room for 50 players in india s still very nascent electric two wheeler industry.

Lead acid accounted for the largest share and the segment will continue to dominate during the forecast period as well. 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. 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. The answer s certainly no.

In 2018 indian government confirmed subsidies for all type of electric vehicles. India is yet to warm up to the idea of electric two wheelers. The electric bike market is hotting up. 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.

India is the world s. Based on the battery type the market can be segmented into lithium ion and lead acid. India electric two wheelers market highlight.