Insight
Leading the way in vehicle electrification: India’s electric two-wheeler outlook
*Please note that this report only includes an Excel data file if this is indicated in "What's included" below
Report summary
India’s two-wheeler market currently faces a challenge of slower growth prospect as household ownership is expected to reach maturity in two years. But guided by the goals to reduce emission and improve air quality, there is a strong growth prospect for the electric two-wheeler as the current fleet primarily consumes gasoline and government schemes are heavily subsidising electric two-wheeler over other vehicle categories. Despite slower growth in the overall two-wheeler market, we expect electric two-wheeler sales to increase out to 2050 and lead the race of vehicle electrification in India. - What does the current two-wheeler market in India look like? - How is the government supporting e-mobility in India? - How are automakers responding to the Indian market? - How will the future of two-wheelers play out?
Table of contents
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What does the current two-wheeler market in India look like?
- How is the government supporting e-mobility?
- How are automakers responding to the Indian market?
- How will the future of two-wheelers play out?
- Present-2030 – two-wheeler sales begin to decline; gasoline demand rises
- 2030-2040 – acceleration of car ownership in full force
- Beyond 2040 – electric two-wheelers rise to dominance
- Conclusion
Tables and charts
This report includes the following images and tables:
- Number of registered two-wheelers by fiscal year
- Vehicle ownership per household
- Retail fuel prices in Delhi, April 2002-June 2021
- Google search trend in India, Jan 2019-July 2021
- Two-wheelers registration by type, Jan 2019-July 2021
- Purchase price of ICE and electric two-wheeler
- Total cost of ownership after five years
- Market share measured by ICE two-wheeler registration
- Market share measured by electric two-wheeler registration
- Passenger car per 1,000 people vs GDP per capita
- India power generation outlook by energy source, 2011-2050
- Two-wheeler fleet by type, 2019-2050
- 2 more item(s)...
What's included
This report contains:
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