EV sales seen up as price gap with fuel-powered vehicle narrows

New Delhi: Sales of electric vehicles, especially two- and three-wheelers, could increase significantly over the next few years amid narrowing gap between prices in this category and those of vehicles with internal combustion engine (ICE). Subsidies announced by the government would also make e-vehicles more affordable for customers, said sector analysts.

Increase in prices of vehicles with combustion engine, especially two and three wheelers, due to introduction of new emission and safety regulations may also push up demand for e-vehicles, they added.

Some customers, especially in the urban areas, have already shown interest in purchasing electric scooters provided they get adequate charging infrastructure.