It is unsurprising that the world is slowly but steadily encouraging a green planet amid heightened concern over climate change and pollution. Working along the same lines, governments all over the world are pushing the Electric Vehicles industry through subsidies and regulations. Further, consumers demand low-emission commuting instead of fossil fuel-driven vehicles, which endangers our planet.
India is the world’s largest two-wheeler market but when the first EVs were introduced, very high initial cost, low battery range, low speed, and much lower environmental concerns resulted in the industry not taking off. While, over the last years, two- wheeler electric vehicles have been seen as a promising commute option due to their low running costs and a viable solution to reduce air pollution in cities.
On the government front, FAME, or Faster Adoption and Manufacturing of (Hybrid and) Electric vehicles, flagship scheme and many States announced policies incentivizing and facilitating the use and manufacturing of Electric Vehicles are pushing the country to gear towards the electric revolution, transitioning electric vehicles into the mainstream commute vehicle of choice.
Here’s a detailed report on India’s journey for a world where two-wheeler electric vehicles will dominate transportation and challenges associated with the promotion of EVs and ways to increase their penetration in the market.