Electric 2-wheeler penetration may reach 25-35 pc by 2030 in India: Report
However, about 10-12 per cent of the overall market for buses is expected to be electrified by 2030, it added
Mumbai : Electric two-wheeler penetration in India is expected to reach 25-35 per cent and that of e-three-wheelers at 65-75 per cent by 2030 even as OEMs and both central and state governments need to work collaboratively for an integrated policy and creating a conducive ecosystem for EV adoption in the country, a report said on Tuesday. According to the report, ‘Shifting Gears, the evolving electric vehicle landscapes in India’ prepared by KPMG in association with CII, currently, only a few state EV policies provide guidelines and incentives on battery recycling.
KPMG in India expects 25-35 per cent 2W penetration and 65-75 per cent in 3Ws by 2030. The passenger vehicle (PV) electrification is expected to follow, with 10-15 per cent penetration in the personal segment and 20-30 per cent in the commercial one by 2030, said the report.
However, about 10-12 per cent of the overall market for buses is expected to be electrified by 2030, it added.
Source : economictimes
