Did you know that the two wheeler vehicles constitute 76% of the total vehicles on the road, and 64% of the total fuel consumption in India? This has made India the most probable largest market for electric two-wheeler vehicles. Given the need to fight the increasing pollution, numerous companies like Okinawa, Hero, Avon, Infineon, GoZero, Benelli etc have begun investing huge amounts in Indian electric vehicle(EV) business already!
The Market Trends
The market of electric two wheeler vehicles like cycles, scooters, bikes and public transport has seen a surge in the recent years, and it is estimated to go up by 41% by 2023. Also, 2020 is going to witness the launch of many electric cycles and bikes in India. And it does not stop at that. Even electric motorcycles and other public transport options will also be introduced to make our life easier.
Why switch to electric?
Using an EV is fun, does not cause pollution, and keeps the roads clear. You do not contribute to the pollution, or the traffic jams. But the best part is the amount of money that you save. These EVs are much cheaper than petrol or diesel driven vehicles, their maintenance cost is negligible, and you save a lot of money on refueling. On an average, they are 75-80% cheaper than a fueling and maintenance requiring vehicle. And this fact is true across electric cycles, scooters and motorbikes, because it is always practically cheaper to charge a battery.
Smarter to switch
Each one us has faced the effects of pollution in our lives while living in India. It would be even worse in the coming time if nothing is done about it. It will take a significant amount of time to make this transition, but starting small can lead to great changes. Electric vehicles already run around us. The first step has been taken. We have to now step up to make this a success.
