Hi, what are you looking for?
Narrowing the Solar Equity Gap Through Solarize Best Motorcycle Battery
Amazon Boosts Its Sustainability Credentials With Record Renewable Energy Purchases (Plus Offshore Wind Seaweed Farming!)
Solar Powered Accessories For Your EV Road Trip
Solar-Powered EV Charging from Electrify America — New Project
BMW Ramping Up Electric Car Production, Including In Mexico
Amazon Boosts Its Sustainability Credentials With Record Renewable Energy Purchases (Plus Offshore Wind Seaweed Farming!)
NREL Scientists Find More Eureka Moments, Patent Activity Climbs in FY ’22
Vestas Has A Solution For Recycling Old Wind Turbine Blades Into New Ones
Why Aren’t Energy Flows Diagrams Used More To Inform Decarbonization?
US DOE Ramps Up Efficiency Standards For Appliances, Funds More Efficient Wind Turbine Manufacturing
Biden–Harris Administration Announces $74 Million to Advance Enhanced Geothermal Systems
In 2021, 20% Of Electricity In The US Was Generated From Renewable Sources
Stellantis Takes On Two Partners To Reduce EV Production Emissions
Geothermal Energy & Love In The Mouth Of The Dragon
Kenya Electricity Generating Company Plans To Install 3000 MW of Additional Renewable Generation Capacity
Ford 1st To Build NMC Batteries & LFP Batteries In USA
Li-Bridge, US To Double Lithium Battery Revenues To $33 Billion & Provide 100,000 Jobs By 2030
Ontario Jumping Into Critical Minerals Supply Chain For EVs
NREL Scientists Find More Eureka Moments, Patent Activity Climbs in FY ’22
Sonnen & TenneT Power German Grid With Electric Cars
Sonnen & TenneT Power German Grid With Electric Cars
1st Virtual Power Plant from SolarEdge Supporting UK Grid
Google, Ford, GM, & Solar Companies Partner To Promote Scaling Of Virtual Power Plants
Vehicle-To-Grid Solutions Could Open Fast Lane To Net-Zero Future
From Hyundai Kona EV to Tesla Model Y Standard Range
Why Aren’t Energy Flows Diagrams Used More To Inform Decarbonization?
US DOE Ramps Up Efficiency Standards For Appliances, Funds More Efficient Wind Turbine Manufacturing
Perovskite-Based Thermochromic Windows Reduce Energy Load & Carbon Emission in Buildings
The Economic Tides Just Turned for States
No, Data Center Backup Isn’t A Good Fit For Redox Flow Batteries Yet
BYD Atto 3 Reviews — 5 Months On The Road In Australia
The Munro MK_1 Is An All-Electric All-Terrain Workhorse For Farms, Forests, Jobsites, & Beyond
Ford 1st To Build NMC Batteries & LFP Batteries In USA
EV Driving From A Small Rural Town In Queensland
How Tesla Overcame “Fundamental Cost Disadvantage”
BYD Atto 3 Reviews — 5 Months On The Road In Australia
E-Bike Comparison: NIU vs. Heybike vs. Suburbia
CleanTechnica Tested: The Flyer L885 Long Tail Cargo E-Bike
NIO ES8 Review — 1st impressions
CleanTechnica Tested: The Jackery Solar Generator 1500 Pro
German EV Market — Hangover After Pull-Forward In December
Tesla #1 in World BEV Sales by Big Margin — 2022 World EV Sales Report
BYD #1 In World In Plugin Vehicle Sales In 2022
World EV Sales Report — Tesla Model Y Wins 1st Best Seller Title In Record Year
UK Plugin Share Flat In January As Economy Stumbles
BYD Atto 3 Reviews — 5 Months On The Road In Australia
E-Bike Comparison: NIU vs. Heybike vs. Suburbia
CleanTechnica Tested: The Flyer L885 Long Tail Cargo E-Bike
NIO ES8 Review — 1st impressions
CleanTechnica Tested: The Jackery Solar Generator 1500 Pro
2023 Chevrolet Bolt EUV Premier Redline Edition — Video Review
Sandy Munro: The Coming Wave of Chinese EVs
Sandy Munro On Which Automakers Are Getting It Right Besides Tesla
Sandy Munro: How Tesla Gets To The $24,000 Car
Sandy Munro: Tesla Is “Engineering At The Speed Of Thought”
CleanTechnica recently published an article that I had compiled about the progress of BEVs in India. Although the adoption curve looked impressive, the absolute numbers were still miniscule. One of our readers pointed out that the real story was electric two-wheelers in India.
Autocar India tells us that electric two-wheeler sales were up 305% on 2021 figures. The markets for two-wheel EVs has grown from fewer than 2,000 vehicles in 2013 to over 600,000 per year last year. The top 3 producers have been Ola Electric, Okinawa Autotech, and Hero Electric. EV sales constituted 4 percent of overall two-wheeler sales in 2022. Statista estimates that demand for two-wheel EVs in India could be as high as 8.2 million a year. Bear in mind that this is out of an estimated 21 million units sold per year.
All this growth is fuelled by “initiatives from the Indian government to enhance e-mobility in the country,” Statista states.
China, on the other hand, sold 45 million electric two-wheelers in 2022. So, India (with a slightly larger population than China) has a really long way to go. Mordor Intelligence asserts that The “Asia-Pacific Electric Scooter and Motorcycle Market is valued at USD 612.03 Billion in 2021 and is expected to reach USD 1905.25 Billion by 2027 registering a Compound Annual Growth Rate of 25.4% during the forecast period (2022-2027).”
Sales of electric motorcycles and scooters declined during Covid. However, the market quickly recovered in the second half of 2020 and demand is rapidly increasing. Noise and air pollution in major cities are two more factors driving the market, along with cost reductions and reduced operating costs.
Electric two- and three-wheelers are a good “fit for purpose” for app-based micromobility services. Advances in battery technology and the increasing availability and use of battery swapping stations have also contributed to the demand. Strategic agreements between manufacturers, service providers, and charging companies are building alliances which will accelerate the penetration of electric two- and three-wheelers. It seems like not a day passes without an announcement of another cleaner, greener use being found for e-bikes, e-scooters, and e-motorcycles — personal transport, logistics, food, delivery, tourism, and ride sharing, to name a few.
“E-scooters witness higher sales than e-motorcycles due to lower upfront costs and the availability of more models in the market, which provide ample options for buyers. The allure of the e-scooter, both as a toy and as a potential vehicle for commuting, is driving its adoption. Thus, several start-ups are beginning to flood major metropolitan areas with hundreds of ‘rent by minute’ scooters,” Mordor Intelligence writes. Strange that they listed “toy” as a reason for purchase and that they listed it first.
The Indian government, through its FAME (Faster Adoption and Manufacturing of Electric Vehicles) 2 policy, is encouraging EV adoption. The Indian Finance Minister is even planning to include battery swapping in his FY 22 budget. Adoption of EVs is both market and government driven. Cost reductions are being achieved by the localisation of the manufacture of components. FAME 2 also offers subsidies for high-speed electric two-wheelers. Easing dependence on imported oil will improve not only India’s balance of payments, but also geopolitical tensions with the West. According to the Hindustan Times, “India imported 68,600 bpd of Russian oil in March 2022, which increased to 266,617 bpd in the following month and reached the previous peak of 942,694 bpd in June 2022. But in June 2022, Iraq was India’s top supplier with 1.04 million bpd of oil. Russia, in that month, became India’s second-biggest supplier.” A dependence on pariah states like Russia and Iran could prove disadvantageous in the long run.
“India is the world’s third-largest oil-consuming and importing nation. It imports 85 per cent of its crude oil needs. Crude oil is converted into fuels like petrol and diesel at refineries. India’s appetite for Russian oil swelled ever since it started trading on discount as the West shunned it to punish Moscow for its invasion of Ukraine.”
With ongoing demand for low-cost electric 2-wheelers, major players are rolling out plans to launch electric versions of their top selling models and massively increase production. For instance:
Outside the big 3: Honda Motorcycle and Scooter India is planning to launch an electric version of its best-selling scooter the Activa. “The new EV could be called the Activa E.”
“Ather Energy has opened its second manufacturing facility in Hosur, Tamil Nadu, to meet the growing demand for its 450X and 450 Plus electric scooters. From its current capacity of 120,000 units, the company intends to produce 400,000 units per year,” Mordor Intelligence writes.
“In November 2021, NIU launched the MQiGT EVO electric scooter. The scooter gets a 6.5kW power electric motor, thanks to which its top speed can reach 100km/h. The company claims that this scooter is capable of achieving a maximum range of 75km on a single charge.”
The Indian electric two-wheeler market is indeed powering ahead, and with growth figures like these, it won’t be long before the streets are quieter and the air is cleaner in some of India’s largest cities.
Featured image courtesy of Ola Electric.
David Waterworth is a retired teacher who divides his time between looking after his grandchildren and trying to make sure they have a planet to live on. He is long on Tesla [NASDAQ:TSLA].
Advertise with CleanTechnica to get your company in front of millions of monthly readers.
Rail in the US is a case where a huge transportation segment is deeply out of step with the rest of the world, and...
2022 has been an exciting year for the Indian EV market. Hence it makes sense to take stock of things on where we are...
Although most vehicular traffic in India is two- and three-wheeled, it is still exciting to see the numbers of four-wheeled personal vehicles going electric...
As the world accelerates the transition to electric vehicles, it is important for the world’s largest markets to lead the way in terms of...
Ebike Battery For Sale Copyright © 2023 CleanTechnica. The content produced by this site is for entertainment purposes only. Opinions and comments published on this site may not be sanctioned by and do not necessarily represent the views of CleanTechnica, its owners, sponsors, affiliates, or subsidiaries.