Electric two-wheeler sales to reach around 22 million by 2030: Report
Electric two-wheeler sales in the country are expected to grow to around 22 million by 2030 amid a demand for affordable transportation and the focus on reducing carbon emissions, a report said on Tuesday.
A predominantly two-wheeler market, India’s overall EV penetration, including two-wheeler stood at around 3 per cent of the total automobile sales in 2022 calendar year.
Most developed countries are four-wheeler-dominated markets with as high as 63 per cent and 56 per cent penetration, in the US and China, respectively, Redseer Strategy Consultants said in its report released on Tuesday.
