Talking about the emergence of e-rickshaws in India, they first hurled on the Indian roads, over a decade ago in 2011. Since then, there has only been an increase in the number of e-rickshaws on Indian roads.
The popularity of these vehicles has increased immensely all over India, thanks to their ability to carry 4-5 passengers comfortably over a short distance, rather economically, and the most notable factor is that, all this is done without any emissions.
With no costly or emitting fuels used and these rickshaws being powered by electricity, they in a way are much more economical then the CNG powered auto-rickshaws.
In cities like Delhi, these have emerged as a livelihood source for people, and a sustainable and economical commute for commuters.
With all the factors like being economical, contributing no pollution, easy and comfortable ride, and also providing an earning potential, the present of e-rickshaws looks rather secure.
With present looking secure, let’s find out something about the future of these modes of communication in India.
Though, with the expansion of battery swapping networks, it is becoming more and more possible for e-rickshaw drivers to drive to the nearest swapping station, get the exhausted battery replaced with a charged one, and get back on track without wasting too much time, and losing the opportunities to earn.
The Union government is soon going to announce a National Battery Swapping Policy, giving more and more weightage to the adoption of not only these battery- driven rickshaws but the entire fleet of electric vehicles across the nation.
Taking all these factors into consideration, and the increasing concerns raised by environmental organizations around the world regarding the problem of emissions, and all the countries trying to mitigate it at their level, it is only fair to say that the future of e-rickshaws in India looks a promising prospect to say the least.
We are not saying this vaguely or without any base, as per the current market scenario and dynamics, with a growth rate of 6.6%, the total demand for e-rickshaws in India will reach a value of USD 456.2 million by the end of this decade.
