Why Delhi Is Largest User of Electric Rickshaws in India?

As per a June 2020 article in the Financial Express, every month, 11,000 electric rickshaws (e-rickshaws) are sold in India. These vehicles have become the backbone of last-mile transportation in tier-II cities, such as Varanasi and Lucknow, as well as metropolises, including Delhi (and NCR), Mumbai, Bengaluru, Chennai, Kolkata, Hyderabad, and Pune. This is because they are cost-effective to operate, costing owners merely INR 0.4 per km compared to typical internal combustion engine (ICE)-based autorickshaws that carry a per-km operational cost of more than INR 2.

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This, coupled with the lesser effort required to drive them and the higher earning they offer, is expected to take the Indian electric rickshaw market size from $786.2 million in 2019 to $1,394.2 million by 2025, at a massive 33.3% CAGR between 2020 and 2030. Each e-rickshaw can carry at least five people, and with an average per-person journey costing INR 10, an e-rickshaw owner easily makes INR 50 every trip.

As is the case with all electric vehicles (EVs), e-rickshaws are expensive, but the strong monetary support that the Indian government is offering on clean-energy vehicles has made them affordable. Under phase II of the FAME India scheme, the government is offering a total incentive of $365 million (INR 2,500 crore) on the purchase of 500,000 e-rickshaws. Additionally, the government has begun regularizing these vehicles, which has led to an increasing sale of those manufactured by established automakers.

Currently, the Indian electric rickshaw market, on the basis of state, is dominated by Delhi because of its position as one of the most-polluted cities in the world. As a result, the state government has been offering its own incentives for the purchase of these vehicles, in addition to those available under the FAME India scheme. Moreover, Delhi’s population of more than 20 million is still suffering because of an inefficient public transport system, especially for the first and last miles, where e-rickshaws have proved a life saver.

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Thus, with the problem of first- and last-mile problem worsening in the country because of rapid urbanization, e-rickshaw sales will continue to pick up.

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This release was published on openPR.