Electric Vehicles

54.5k high speed electric vehicles sold in H1-2020 in India High-speed (HS) electric vehicles (Top speed – >25 kmph) have a longer gap to bridge with the minds of the Indian consumers than their Low-speed counterparts. The former constitute a minute share of total EV stock of India. As the country grapples with the socio-economic conundrum of an ailing economy and the ongoing cCOVID-19 crisis, the EV market, just like any other, is also facing the brunt of this enormous…

Webinar Insights: Electric Two Wheeler India Market Outlook post COVID-19 As the economy strives to revive itself from the disruption caused by the COVID-induced lockdown, a myriad of entities across the socio-economic spectrum foresee an uncertain future. Yet, there are some like e-mobility which is not only accelerating the wheels of sustainable development, but is also paving new tracks of opportunities in the market. Electric 2-wheeler is the front runner in advancing sustainability for road transport and it is highly…

EV Central Policy: Tracing key milestones The growth engine of the electric vehicle market would be fuelled by various drivers, of which strong governmental push and affordability would play key roles. NITI Aayog is targeting 30% EV penetration in India by 2030. To make EV adoption easier for manufacturers and consumers, the Government of India has taken some keys steps in the last few years. Source: JMK Research NEMMP 2020 In 2013, the Government of India launched NEMMP 2020, intending…

Electric 2-Wheelers to clock sales of 34 lakh units by 2025: JMK Research Since FY2016, the Indian electric two-wheeler market has grown at a CAGR of 62%. The FY2020 sales of electric two-wheelers stood at 152,000 units, which is a marginal increase of 20% over the previous year. This YOY growth for FY2020 is quite low when compared to the last two years annual growth rates, which were more than 100%. Such sudden de-growth of a sector that carries huge…