In India, sales of electric motorcycles and scooters are soaring as a result of the country's growing pollution levels and more financial incentives from the government. As per P&S Intelligence, in 2030, it is predicted that the Indian electric scooter and motorcycle market would be worth USD 6,161 million.
Owing to the escalating need for zero-emission cars, favorable government laws, the growing desire for energy-efficient commuting, and growing fuel prices, two-wheeler manufacturers have been forced to look into alternate power supplies for the two-wheeled models.
Additionally, federal, state, and municipal governments have recently implemented a number of programs to control automobile emissions, including purchase refunds, taxes exemptions, and financial benefits for EV customers. The government's increased emphasis on reducing pollution levels in the nation portends regulatory support for electric two-wheelers.
In India, scooters and motorcycles are responsible for 30% of the country's airborne pollution and 20% of its CO2 emissions. Recent government regulations have taken into account the requirement to electrify the fleet of two-wheelers. To address this, the national government has out a proposal in 2019 to have all two-wheelers up to 150 cc sold exclusively as electric vehicles by March 2025.
Further, over 2 million scooters and motorcycles powered by gasoline are used for courier services, operating for several hours each day. Additionally, there is a greater need for two-wheeler vehicles for delivery due to the numerous food and beverage shop openings in the main tier-1 and tier-2 cities.
The major OEMs have taken advantage of this chance to persuade last-mile delivery companies to swap out their outdated vehicle models for more affordable, low-maintenance, and environmentally friendly alternatives.
The biggest two-wheeler industry in India is in Uttar Pradesh, where electric versions are also becoming more and more popular. Large tier-2 and tier-3 cities are increasingly in need of these vehicles.
By providing incentives for the purchase of electric vehicles, the Indian government is helping the sector. In essence, these incentives have increased the consumer viability of battery-powered scooters and motorcycles. Tax exemptions, purchase refunds, and financial incentives for EV consumers are a few of the supported measures.
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