AEEE And ICA India Launch Whitepapers On Market Transformation Of E2Ws And E3Ws In India

In collaboration with the International Copper Association of India, Alliance for an Energy-Efficient Economy (AEEE), one of India’s leading organizations enabling energy efficiency policy and its implementation across sectors, launched whitepapers on ‘Market Transformation of Electric 3-wheelers’ and Market Transformation of Electric 2-wheelers’ in India.

Dr. Hanif Qureshi, Joint Secretary, Ministry of Heavy Industries, and Randheer Singh, Director- E-mobility, NITI Aayog, launched the whitepapers, reaffirming India’s electric adoption 2-wheelers (E2Ws) and electric 3-wheelers (E3Ws).

Key highlights of the Market Transformation of Electric 2-wheelers are as follows:

Extending the FAME II program is crucial to boosting the country’s adoption of electric two-wheelers by making them economically viable to customers.

According to the survey findings, rising gasoline costs and a desire to be pollution-free were the biggest hurdles to not acquiring an ICE two-wheeler, demonstrating that cost savings and environmental concerns are important motivators for consumers considering purchasing E2Ws.

The E2W dealer’s ability to sell electric vehicles and compete with other dealers is hampered by warranty and battery replacement costs, low margins, a lack of supplier credit facilities, and battery backup.

Key highlights of the Market Transformation of Electric 3-wheelers are as follows-

Because they lacked confidence in the performance and range of EVs, 30% of drivers polled preferred not to modify their vehicles.

79% of respondents thought that new E3Ws were more resilient than retrofitted ones, showing a market need for trustworthy and lasting E3Ws.

When asked about charging stations in their region of activity, 13% mentioned the issue of non-functional charging outlets.

Furthermore, when it comes to the predominance of E3W, the findings show that 63% of respondents identified cheap operating and maintenance costs as the top reason for purchasing an E3W.

However, safety concerns were expressed, with 68% of respondents indicating that they received no security briefing during or after purchase, and 26% claiming that their E3Ws lacked safety measures. Furthermore, 55% of drivers were ignorant of the safety features in their vehicles, emphasizing the need for enhanced safety awareness and education.

Mr. Hemanth Kumar, the Director, of ICA India, added, “The transformation of the E3W market presents numerous opportunities for individuals, organizations, and governments to drive sustainable transportation solutions and reduce their carbon footprint.

To maximize the benefits of this transformation, it is important to ensure widespread accessibility and affordability of E3W and to invest in the development of the charging infrastructure needed to support their widespread use.”

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