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Title: Electric 2-wheeler penetration may reach 25-35% by 2030 in India: Report
Source:Mint
Date:4 November 2020

Electric two-wheeler penetration in India is expected to reach 25-35% and that of e-three-wheelers at 65-75% by 2030 even as OEMs and both central and state governments need to work collaboratively for an integrated policy and creating a conducive ecosystem for EV adoption in the country, said a report on 03 November 2020. According to the report, 'Shifting Gears, the evolving electric vehicle landscapes in India' prepared by KPMG in association with CII, currently, only a few state EV policies provide guidelines and incentives on battery recycling. KPMG in India expects 25-35% 2W penetration and 65-75% in 3Ws by 2030. The passenger vehicle (PV) electrification is expected to follow, with 10-15% penetration in the personal segment and 20-30% in the commercial one by 2030, said the report.




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