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Cost Effectiveness and Incentives Key Factors for EV Boom in India
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Groceries stashed in the back of an electric delivery scooter are becoming more common in Bengaluru, India. Electric rickshaws drop off and pick up passengers in crowded markets. As the city - and country - embrace electric vehicles, the number of tech startups focusing on electric transportation has increased.
India is one of the world's fastest-growing electric vehicle markets, with millions of EV owners. According to an IEA report released in April, more than 90% of its 2.3 million electric vehicles are the cheaper and more popular two- or three-wheelers - that is, motorbikes, scooters, and rickshaws - and over half of India's three-wheeler registrations in 2022 will be electric.
Groceries stashed in the back of an electric delivery scooter are becoming more common in Bengaluru, India. Electric rickshaws drop off and pick up passengers in crowded markets. As the city - and country - embrace electric vehicles, the number of tech startups focusing on electric transportation has increased.
India is one of the world's fastest-growing electric vehicle markets, with millions of EV owners. According to an IEA report released in April, more than 90% of its 2.3 million electric vehicles are the cheaper and more popular two- or three-wheelers - that is, motorbikes, scooters, and rickshaws - and over half of India's three-wheeler registrations in 2022 will be electric.