Two-Wheelers Leading the Electric Charge | Panel Discussion

The two-wheeler segment is one of the key beneficiaries of the electric transition in India, with the country estimated to witness a 70 percent electric two-wheeler penetration by 2030. Panellists at the India EV Conclave discussed the criticality of incentives and their inflection point.

By Ketan Thakkar

07 Dec 2023

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Two-Wheelers Leading the Electric Charge | Panel Discussion

Two-wheelers lead the electrification of India's automobile sector, with approximately 622,000 electric two-wheelers getting sold in CY22. Electric two-wheelers currently register a 5 percent penetration in India's two-wheeler market, and are likely to see penetration exceed to over 70 percent by 2030.

While subsidies and government incentives have played a crucial role in accelerating the adoption of EVs in the two-wheeler segment, the role of incentives will continue to remain critical until the industry reaches a 25 percent penetration, discuss panellists at the Autocar Professional India EV Conclave, organised in Chennai on November 21.

The panellists unanimously said that subsidies remain to be a vital component to help boost market adoption, especially when affordability is a key factor driving two-wheeler sales in India.