India’s electric two-wheeler sales hit a speed bump

In India’s bustling streets, where two-wheelers are seen as the primary mode of transportation, a powerful shift toward electrification is happening. Fossil fuels still dominate the South Asian nation’s automotive industry, but a shift toward EVs — particularly in the two-wheeler category — is underway. More than 1.3 million electric two-wheelers have been sold to date, putting the country on track for its goal of 80% electric two- and three-wheelers in the next seven years.

However, this promising trajectory has encountered an unexpected roadblock. Electric scooter sales have taken a hit, and the blame falls squarely on the recent reduction of government subsidies. The fallout may include market consolidation and even exits of some players.

 

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