February 25, 2024

A report published by the government-owned NITI Aayog and Technology Information the Forecasting and Assessment Committee (TIFAC) called ‘ Forecasting Penetration of Electric Two-Wheelers within India on July 28, in a positive way predicts 100 percent adoption of electric two-wheelers on the Indian market in FY26-27. The report highlights the sector’s required infrastructure, manufacturing capability, policies, and technology-development priorities.

The report states, “In the optimistic scenario, projected sale in FY31 is 220.15 lakh units. On the other hand, in the challenged diffusion scenario, the sale is 9.85 lakh units and 7.80 lakh units in the financial years 2024 and 2031 respectively.”

The report also stated, “While analyzing market penetration of electric two-wheelers, it has been considered that all the charging points will not be dedicated to two-wheelers only and utilization of charging points will also not be 100 per cent. The utilization is expected to increase over the years. Considering these facts, the total requirement of charging points in FY31 is projected to vary from 29639 units in challenged diffusion scenario to 774746 units in optimistic scenario.”

While launching the report, Amitabh Kant, CEO of NITI Aayog, said in the media report, “This report provides an important tool for research, academics, and policymakers to study and address diverse situations. It can be easily replicated across other sectors, i,ncluding four-wheelers, w,ith no difficulty.”

In the report, the government’s plans for the use of EVs stated, “At a certain point of time in the future, there may be an appropriate ecosystem for enforcement of a regulation towards electric mobility or other clean transport options. But the present analysis depicts plenty of opportunities for accelerating the adoption of electric vehicles through technological improvements and other interventions.”

According to market analysis, the use of EV two-wheelers depends mainly on three elements:

  • Incentive programs
  • The price of batteries
  • The performance of vehicles in terms of power and range

The report concluded that all three factors influence EV mobility use in the United States. The report also noted that the recent increases in petrol prices and an optimistic attitude towards electric vehicles can contribute to the transition to EVs.

 

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