Electric Two Wheeler Market In India

The electric bike market is hotting up.

Electric two wheeler market in india.

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 electric two wheeler market is growing at a rapid pace 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. With multiple brands including large scale manufacturers introducing products in the segment we expect it to further improve.

In 2018 indian government confirmed subsidies for all type of electric vehicles. 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. India is the world s. The number of electric two wheelers across india was projected to cross the 26 million units mark in 2030.

India is yet to warm up to the idea of electric two wheelers. Is there room for 50 players in india s still very nascent electric two wheeler industry. Based on the battery type the market can be segmented into lithium ion and lead acid. India electric two wheeler market can be classified on the basis of battery type vehicle type voltage capacity and by region.

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. Lead acid accounted for the largest share and the segment will continue to dominate during the forecast period as well. Increasing government initiatives increasing urbanization are the key factors fueling the growth of the electric two wheelers market in india.