Electric Two-Wheeler Sales in India More Than Double in 2021, Says SMEV

New Delhi, Jan 6: Electric two-wheeler (E2W) gross sales in India elevated by 132 per cent in 2021 on a year-on-year foundation, stated the Society of Manufacturers of Electric Vehicles (SMEV).  Bounce Infinity E1 Electric Scooter Launched in India at Rs 68,999 Total gross sales of E2W, together with high-speed and low-speed ones, through the interval below assessment rose to 233,971 E2W as in opposition to 100,736 items bought in 2020. The business physique identified that prospects have now began to shift in massive numbers from petrol two-wheelers to electrical ones as a consequence of engaging costs, decrease working prices, and decrease upkeep. Besides, SMEV stated that high-speed E2Ws, which have speeds better than 25 km per hour and require a full license, registered a whopping 425 per cent development. At the identical time, low-speed E2Ws grew solely by 24 per cent. The business physique stated that low pace E2Ws has had damaging development in the final two quarters of 2021. Furthermore, the market share of the low-speed section which was once upwards of 70 per cent in all of the earlier years dipped to lower than 15 per cent in the final quarter of Oct-Dec 2021. Notably, the low-speed E2Ws should not subsidised below the 'FAME 2' coverage that incentives solely high-speed bikes based mostly on their battery capability which has made the entry-level high-speed E2Ws cheaper than most of the low-speed ones. Ola Electric Sells S1 E-Scooters Worth Over Rs 600 Crore in a Day, Says CEO Bhavish Aggarwal  "We haven't seen better days than the last few months in the entire EV journey. In the last 15 years, we collectively sold around 1 million e2w, e-three wheelers, e-cars, and e-buses, and we will most likely sell the same 1 million units in just one year beginning January 2023," stated SMEV Director-General Sohinder Gill. "Going by the recent monthly trends, the next 12 months may see 5 to 6 times the growth over the previous 12 months." (The above story first appeared on SociallyKeeda on Jan 07, 2023 01:35 PM IST. For more information and updates on politics, world, sports activities, entertainment and life-style, go online to our web site sociallykeeda.com).