Retail sales of two wheeler electric vehicles stood at 2,31,338 units in the last financial year, which is five times higher than the 2020-21 figure of 41,046 units. At the same time, total sales have increased three times in a year.
Image Credit source: Hero Electric
G20 Sherpa Amitabh Kant on Wednesday said India should aim for 100 per cent electrification of two-wheelers and three-wheelers in the next four years. He said in the annual program organized by ACMA, an organization of auto parts manufacturers, that the focus of the country should be on shared, connected and electric-driven transport. According to Kant, the transition of small vehicles to electric will accelerate the country’s move towards green mobility.
India close to green vehicle revolution
He said, I am of the view that the green vehicle revolution is really knocking at our door and whether we like it or not, India should focus exclusively on shared and electric-driven transport. He further said, I believe that India’s electrification journey is about two wheelers and three wheelers. He said that two wheelers and three wheelers account for 80 percent of the sales of vehicles in the country, so there is a need to emphasize on making them electric. “We need to target for the next four years,” Kant said. India needs to target 100 per cent electrification of these two sectors. According to vehicle dealers body FADA, retail sales of two wheeler electric vehicles stood at 2,31,338 units in the last fiscal, as against 41,046 units in 2020-21. five times higher than that. At the same time, according to the data, the sales of total electric vehicles have increased by 3 times to 4.29 lakh units during this period from 1.34 lakh units in 2020-21.
Indian companies focus on becoming world top
Kant advised that Indian companies should focus on becoming world top. However, he admitted that at present the sector is still facing problems related to finance. At the same time, he said that the growth in the sector has also benefited a lot, as compared to the previous years, due to the fall in the price of batteries, EVs are now becoming cheaper. And in 5 to 6 years, the prices have almost halved to less than $100 per kilowatt.
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