34 new electric two-wheeler models launched in the last 2 years In the last two years, about 14 new electric two wheeler models with speed under 25 kmph and 20 models with a top speed in the range of 40-147 kmph were launched. However, the market didn’t see any new entry with speed limits of 25-40 kmph. As per FAME 2 guidelines, only the E2Ws with speed higher than 40 kmph are eligible for incentives. This could be the reason…
$600 million of investments raised in the last two years by electric two-wheeler companies Initially, a lot of product-led electric two-wheeler (E2W) startups faced difficulty in getting investors on-board due to lack of consumer awareness, policy clarity, and market visibility. However, with the entry of significant two-wheeler brands such as TVS, Bajaj, and Hero in this segment, compounded with the Government’s EV push, the investors are much more confident and have shown an active interest in the EV ecosystem. In…
Barriers to Electric Two-Wheeler (E2W) Adoption in India: The consumer perspective Two-wheelers, in general, have always had a special bond with the Indian consumers. Being the ‘vehicle-of-choice’ for common Indians, the ICE 2-wheelers enjoy this distinct status supported by attractive vehicle economics (in terms of both price and fuel) and a fully-developed market. Meanwhile, over the last few years, barely out of the incubative stage and foraying the Indian roads are the electric 2-wheelers. So far, there has been a…
Electric two-wheeler market to cross 2 million units by 2025: CXO Survey As per JMK Research & Analytics “E2W CXO Survey”, most industry experts feel that the electric two-wheeler (E2W) market size is likely to cross 20 lakh units in the next 5 years in India. 60% of the survey respondents also predicted that the expected share of E2Ws in total two-wheeler sales in the next 5 years could vary from 6% to 15%. The current share of E2W in…