2-wheelers to account for 8-10 per cent of new sales by 2025; 3-wheelers to contribute 30 per cent: ICRA

MUMBAI: The electric two and three-wheelers volume are expected to account for 8-10 per cent and 30 per cent of new vehicle sales in the country by 2025, respectively, owing to low operating cost and attractive subsidy support, among others, ratings agency ICRA said on Wednesday.

The penetration levels in cars and trucks, however, are likely to remain low in the medium-term, it said.