Electric Vehicles

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…

Okinawa takes the lead in high speed E2W market with a 36% share In FY2020, in high speed (>25 kmph speed) E2W market, Okinawa is the biggest player selling more than 10,000 units with 36% market share, followed by Hero Electric with about 27% share (7.400 units sold) and Ather with 10% share (>2,900 units sold). Together these three players contributed more than 70% sales of high speed E2W market. Ampere which is the oldest player in this segment has…

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…