Electric 2Ws, 3Ws may lap up major chunk of total sales pie by 2030: Report

Electric two and three-wheeler sales in India are expected to grow at a fast clip and account for 50 and 70 per cent, respectively of the total sales by 2030, a report said. The report is jointly prepared by the Automotive Component Manufacturers Association (ACMA) and McKinsey.

It said that in India, the total cost of ownership is likely to be more attractive for electric two and three-wheelers, than for passenger or heavy commercial vehicles.