Electric
two wheeler sales performance in recent months show how country have potential
demand for such vehicle in emerging and developing country.
Due
to high oil prices in domestic and international market middle class now have
such alternate option for green and sustainable energy based vehicle in two and
four wheeler segment.
However
it long way to go for such green technology advancement to make primary choice
which is safe and secure and easy to adopt by mass people.
Although
recently such new reported about fire due to short circuit and batteries
failure but still the segment is steadily showing an increase in term of sales
after taking proper attention by government authorities and industry implements best practices and safety
standards, better design and higher quality of battery standards to minimize
any further risks or incidents which have people safety.
Although industry is in initial stages of
development, with focus on low cost and higher standard of component,
understanding better battery management system for Electric vehicle safety.
Electric two wheeler register impressive year-over-year increase due to increased public
awareness and wide range of product offer by different manufacture in all
segments.
Latest figure show that the Electric two wheelers registrations contribution
about 3.94% of the
total new two wheeler registrations in India.
Top few brand like Ola
Electric, Okinawa, TVS Motors, Ather Energy, Hero Electric, Revolt, Tork
Kratos R register remarkable growth.
The global market growing continuously for
electric vehicle and its component with annual growth rate of 21.7%. It is expected
to grow four time by 2030 due to increasing population significant cost saving
option clean and environment friendly way option of transportation for everyone.
The government is also supporting electric vehicle
by introduced an EV policy under which you can avail yourself of additional
benefits of up to Rs 1.5 lakh which give you an advantage in tax savings.
