India became the top country for electric three-wheelers for the second year in 2024, selling about 700,000 vehicles, which is nearly 20% more than last year. According to the International Energy Agency, India’s electric two-wheeler market is also growing quickly. India and China together sell over 90% of the world’s electric and regular three-wheelers.
More companies are joining the electric two-wheeler market in India, reaching 220 makers in 2024. Each year, production capacity goes up, with the biggest 80 manufacturers able to make up to 10 million vehicles now. Strong government support and growing demand help this rise.
One reason for this fast change is lower e-rickshaw prices, costing around Rs 0.6–1.1 lakh up front, much less than regular rickshaws. Operating electric vehicles is much cheaper, about Rs 0.96 a kilometer, while diesel auto costs are Rs 4.36 a kilometer. New government subsidies also help buyers save money by lowering purchase prices. These factors make electric options extra appealing in India.
India’s jump in electric vehicles helps clean the air, offer cheaper rides, and grow jobs. With strong support from policies and companies, India looks set to stay a leader. This trend could inspire other countries to follow soon.
For the complete story and full context, please refer to the original article from deccanchronicle.com.
