EV two-wheeler sales to go up by 78%

Mumbai : As the electric vehicle (EV) makers grapple with continuous fire incidents, a new report has shown that the sales penetration of electric two-wheelers is expected to increase by 78 per cent by 2030, on the back of government policies, technology, infrastructure and consumer acceptance. India currently has 3,000 EV charging stations, with six of them available per 1,000 EVs. In comparison to ICE (internal combustion engines) vehicles, the cost-of-ownership for electric two-wheelers is close to 20-70 per cent less, with the cost savings increasing with increased usage, according to strategy consulting firm Redseer. The key reasons for choosing electric two-wheelers included better features (such as interactive dashboards, connectivity and driving features), and superior economics (running cost and price).