Electric Scooters and Motorcycles Reducing CO2 and PM Levels in India

The World Air Quality Report 2020 states that the annual average particulate matter (PM) 2.5 concentration in India was 51.9 µg/m³ in 2020. According to this report, the highest concentration of PM 2.5 was recorded in Delhi (84.1 µg/m³), in 2020. The report further states that 22 of the top 30 most polluted cities of the world are located in India. The transportation sector is one of the largest emitters of pollutants in the country, as per the report. Furthermore, the World Bank states that 2,434,520 kilotons (kt) of carbon dioxide (CO2) were emitted in India in 2018.

Thus, the extensive emission of CO2 and PM in the country, primarily on account of the extensive usage of oil and diesel-powered vehicles, will help the Indian electric scooter and motorcycle market to progress at 57.9% CAGR during 2020–2025. The sales of electric scooters and motorcycles are expected to increase from 152.0 thousand in 2019 to 1,080.5 thousand units by 2025. Furthermore, the market is expected to generate $1,043.4 million by 2025. In an attempt to reduce air pollution levels and owing to the implementation of strict emission norms, automakers in India are largely focusing on the production of electric vehicles (EVs).

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Additionally, the plunging lithium-ion (Li-ion) battery prices will also supplement the adoption of electric scooters and motorcycles in India in the forthcoming years. As battery accounts for nearly 40–50% of the total cost of an EV, battery manufacturers are focusing on the development of low-cost Li-ion batteries. Moreover, the lower weight of Li-ion batteries, as compared to that of sealed lead acid (SLA) batteries, help in enhancing the fuel efficiency of electric scooters and motorcycles, by reducing the overall weight of these two-wheelers.

The categories under the voltage segment include 36V, 48V, 60V, 72V, and others. Among these, the 48V category held the largest market share in 2019, and it is expected to retain its dominance throughout the forecast period. Scooters and motorcycles with 48-V batteries are a reasonable purchase in terms of driving range, safety, and cost-effectiveness. However, the escalating demand for a higher driving range and speed will amplify the demand for electric two-wheelers with higher-voltage-batteries, primarily those with 60-V batteries, in the foreseeable future.

Geographically, Karnataka and Delhi are two of the fastest-growing states in the Indian electric scooter and motorcycle market due to the surging government support, escalating environmental concerns, rising preference for clean and green vehicles, and soaring popularity of two-wheeler sharing services. Uttar Pradesh and Tamil Nadu are expected to hold comparatively larger shares in the market during the forecast period. The maximum demand for such EVs is generated from the tier 1 and tier 2 cities of these states.

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Thus, the presence of a conducive regulatory framework and availability of an array of scooter and motorcycle models will propel market growth in the coming years.

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This release was published on openPR.