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3-Wheelers: A tale of EV success
Electric three-wheelers are all set to become the first EV category to achieve self-sustainability without subsidies. What lies behind this success?
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Once reliant on financial incentives to build momentum, the electric three-wheeler sector has grown rapidly— with over half of all three-wheelers sold now electric. As government support under the PM E-Drive scheme begins to taper off, industry heavyweights are voicing confidence in a subsidy-free future. Giving them assurance are technological advancements, growing demand, and strategic investments from major players.
Anish Shah, President of the Federation of Indian Chambers of Commerce and Industry (FICCI) and Group CEO and MD of Mahindra Group, expressed confidence that the electric three-wheeler industry would no longer require government subsidies beyond FY26. According ...
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