The Rise of Two-Wheeler Electric Vehicles in India

Abstract

Sustainable transportation practices are essential for any country. Electric vehicles and their infrastructure can substantially impact the greenhouse gas emissions of a country. India recently witnessed an enormous upsurge in its two-wheeler electric vehicle (2WEV) manufacturing capabilities and sales. The key drivers of growth in the 2WEV sector, such as rising fuel costs, government subsidies and policies promoting electric mobility, falling battery prices, and technological improvements, are discussed. The current size of the Indian 2WEV market and its projected future growth are studied. It also profiles major players in the 2WEV space and technological advancements that have made EVs more viable alternatives to petrol-powered vehicles. Government schemes like FAME and other policies impact the 2WEV sales. It also highlights the importance of EV infrastructure, backward integration, and the EV index in promoting the growth of the 2W EV segment. The case of a pioneering startup in the 2W EV industry illustrates the entrepreneurs' challenges and opportunities in this field.