#Electric Two-Wheeler Lithium-Ion Battery

[cosbikeelectricscooters]

Electric scooter India near me- Cosbike

The Cosbike electric scooter india is easily available near you. Cosbike offers PAN India service and is widely available. Call us! 9910020997

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[akirabattery]

Lithium Ion Batteries for Electric Vehicles: Challenges and Opportunities

Lithium Ion Batteries for Electric Vehicles: Challenges and Opportunities India is heading towards a revolution in the automotive industry, where electric vehicles (EVs) are quickly gaining popularity very soon to take over as the major mode of transportation across the country. Two wheelers and three wheelers which are the primary vehicles in the country are gradually shifting towards electric modes of energy.

#Lithium Ion Batteries #Electric Vehicles battery #EV Battery Manufacturer #energy #Two wheelers battery #three wheelers battery

[5545321]

North America Electric Scooter Market to Be Worth $13.07 Billion by 2030

Meticulous Research®, a prominent global market research firm, has released a report titled, "North America Electric Scooter Market by Vehicle Type (Electric Motorcycles, Electric Mopeds, E-scooter & Bikes), Power Output (Less than 3.6kW, 3.6kW to 7.2kW), Battery Technology, Motor Type, Charging Type, End User, and Country - Forecast to 2030."

According to the latest report from Meticulous Research®, the North America electric scooter market is expected to reach $13.07 billion by 2030, growing at a CAGR of 25.6% from 2023 to 2030. In terms of volume, the market is projected to reach 11.8 million units by 2030, with a CAGR of 26.1% over the same period. The market's growth is fueled by the increasing adoption of electric motorcycles and E-bikes for short commutes, the rising use of electric scooters in ride-sharing services, and the demand for clean transportation alternatives. Additionally, growing health awareness among millennials, the advent of advanced fleet management technologies, and advancements in battery technology are expected to create lucrative opportunities for market players.

However, high costs of electric two-wheelers and the short lifespan of batteries are anticipated to restrain market growth. Moreover, the lack of regulations in the electric two-wheelers and micromobility sector poses a challenge, while the integration of electric scooters with mobile apps emerges as a significant trend.

Meticulous Research® has segmented the market by vehicle type, power output, battery technology, motor type, charging type, end user, and country for comprehensive analysis. The study also assesses industry competitors and analyzes the market at the country level.

By vehicle type, the market is divided into E-kick scooters & bikes, electric mopeds, and electric motorcycles. In 2023, the E-kick scooters & bikes segment is expected to hold the largest market share, driven by government subsidies promoting electric mobility, the use of E-kick scooters & bikes in delivery services, the growing demand for energy-efficient commuting, and investments in EV charging infrastructure.

By power output, the market is categorized into less than 3.6 kW, 3.6 kW to 7.2 kW, and 20 kW to 100 kW. The less than 3.6 kW segment is expected to dominate in 2023 due to the rising adoption of E-scooters & bikes for urban commutes and recreational activities, government initiatives promoting their use, and investments by ride-hailing companies.

In terms of battery technology, the market is segmented into sealed lead acid batteries, lithium-ion batteries, and lithium-ion polymer batteries. The lithium-ion battery segment is anticipated to hold the largest share in 2023, attributed to the increasing use of electric and hybrid vehicles and the growing demand for battery technology in the renewable energy sector.

Regarding motor type, the market is divided into hub motors and mid-drive motors, with hub motors further segmented into geared and gearless hub motors. The hub motors segment is expected to lead in 2023 due to their flexibility, capability for all-wheel-drive configurations, and enhanced stability.

For charging type, the market is split into connector charging and wireless charging. The connector charging segment is predicted to have the largest share in 2023, driven by its ability to address range anxiety with faster charging options.

By end user, the market is segmented into government institutions, academic institutes/universities, business organizations, micromobility service providers, individuals, and others. Business organizations are expected to account for the largest market share in 2023, primarily using E-scooters for logistics and delivery services.

Geographically, the market is divided into the U.S. and Canada, with the U.S. projected to hold the largest share in 2023 due to supportive government policies, investments in E-mobility by private companies, and the rising demand for zero-emission transportation.

Key Players:

The key players operating in the North America electric scooter market are Energica Motor Company S.p.A. (Italy), Yamaha Motor Co., Ltd. (Japan), Niu Technologies (China), Riese & Müller GmbH (Germany), Leon Cycle (Germany‎), Govecs AG (Germany), Walberg Urban Electrics GmbH (Germany), myStromer AG (Switzerland), Zero Motorcycles, Inc. (U.S.), and emco electroroller GmbH (Germany).

Download Sample Report Here @ https://www.meticulousresearch.com/download-sample-report/cp_id=5245

Key Questions Answered in the Report:

Which are the high-growth market segments in terms of vehicle type, power output, battery technology, motor type, charging type, end user, and country?

What is the historical market size for North America electric scooter systems?

What are the market forecasts and estimates for 2023–2030?

What are the major drivers, opportunities, challenges, and trends in the North America electric scooter market?

Who are the major players, and what shares do they hold in the North America electric scooter market?

What is the competitive landscape like?

What are the recent key developments in the North America electric scooter market?

What are the strategies adopted by major players in this market?

What are the key geographic trends and high-growth countries?

Contact Us: Meticulous Research® Email- [email protected] Contact Sales- [phone] Connect with us on LinkedIn- https://www.linkedin.com/company/meticulous-research

#Electric Scooter Market

[hopelectric12]

HOP OXO electric bike of the main logo in the Indian marketplace has emerged as the best electric bike in India. HOP, HOP OXO is the best electric bike becoming widespread in e-bikes by combining advanced eras with extremely good performance and style. at the heart of the HOP OXO is alatest electric bike with powerful 72V BLDC hub motor turning in a maximum power of five.2 kW. This strength is not just about uncooked energy; it is also about work. OXO has a licensed variety of a hundred ninety kilometres and is supported with the aid of a 3.75 kWh capacity lithium-ion battery, allowing passengers to start their journey effectively. Whether or not it is town journeying or long-distance use, OXO offers a spread of riding modes together with Eco, electricity, and sport to match one-of-a-kind hobbies and terrains.

#ev_scooter #battery_scooter #electric_scooter #electric_scooter_price #electric bikes #electric bicycle

[sokudoindiaev]

SOKUDO ELECTRIC INDIA PVT LTD REVOLUTION ELECTRIC TWO WHEELER IN INDIA

The transportation landscape in India is undergoing a transformational change, driven by the urgent need for sustainable and efficient mobility solutions. At the forefront of this revolution is Sokudo Electric India Pvt. Ltd., a leading company dedicated to redefining the electric two-wheeler market in India. As the country gears up to adopt greener options, Sokudo Electric is leading the way with its innovative and cutting-edge electric scooters.

The rise of electric two-wheelers in India

India, with its burgeoning urban population and increasing vehicular congestion, is witnessing a significant shift towards electric vehicles (EVs). Among the various EV segments, electric two-wheelers have emerged as a popular choice for commuters due to their affordability, convenience, and eco-friendliness. The Indian government’s push for electrification, through subsidies and incentives, has further accelerated the adoption of electric two-wheelers across the country.Sokudo Electric: Leader in the Electric Two-Wheeler Market

Sokudo Electric India Private Limited has positioned itself as a trailblazer in the electric two-wheeler industry. With a strong commitment to innovation, quality, and sustainability, the company is setting new benchmarks in the market. Here’s how Sokudo Electric is making a difference:

1. Innovative Technology

Sokudo Electric is at the cutting edge of electric vehicle technology, incorporating advanced features such as long-lasting lithium-ion batteries, efficient electric motors, and smart connectivity options. These features ensure that Sokudo’s electric two-wheelers deliver superior performance, extended range, and enhanced user experience. 2. Sustainability and Environmental Impact The core philosophy of Sokudo Electric revolves around sustainability. By offering zero-emission vehicles, the company is contributing significantly to reducing the carbon footprint and combating air pollution in Indian cities. Sokudo’s commitment to the environment extends beyond its products, encompassing eco-friendly manufacturing processes and responsible waste management practices. 3. Affordability and Accessibility Understanding the diverse needs of Indian consumers, Sokudo Electric designs its products to be both affordable and accessible. The company offers a range of electric scooters and bikes that cater to different segments of the market, ensuring that more people can benefit from clean and efficient mobility solutions. 4. Robust Infrastructure and Support One of the key challenges in the widespread adoption of electric vehicles is the availability of charging infrastructure. Sokudo Electric addresses this by partnering with various stakeholders to develop a robust network of charging stations. Additionally, the company provides comprehensive after-sales support and maintenance services to ensure a seamless ownership experience for its customers. The Sokudo Electric Product Lineup Sokudo Electric’s product portfolio includes a variety of electric scooters and bikes designed to meet the needs of urban commuters, college students, and eco-conscious individuals. Each model is crafted with precision, offering a blend of style, performance, and reliability.

Source by: https://sites.google.com/view/sokudoindia-/blog/sokudo-electric-india-pvt-ltd-revolution-electric-two-wheeler-in-india

#electric two-wheeler

[sublimetimetravelfire]

[seselectric]

Embrace the Future of Mobility with SES Electric Two-Wheelers

In the rapidly evolving landscape of transportation, electric two-wheelers are emerging as a game-changer, offering an eco-friendly, efficient, and economical alternative to traditional petrol-powered vehicles. SES Electric, a pioneer in this revolution, is leading the charge with its cutting-edge electric two-wheelers designed to meet the diverse needs of modern urban commuters. Let’s delve into why SES Electric two-wheelers are transforming the way we travel and why they should be your next ride.

Eco-Friendly and Sustainable

One of the most compelling reasons to switch to SES Electric two-wheelers is their positive impact on the environment. As cities grapple with rising pollution levels, our electric scooters provide a breath of fresh air, literally. By producing zero tailpipe emissions, they help reduce air pollution and carbon footprint, contributing to a cleaner and greener environment. Riding an SES Electric scooter means you’re making a conscious choice to support sustainability and combat climate change.

Cost-Effective and Economical

Beyond the environmental benefits, SES Electric two-wheelers offer significant cost savings. Traditional petrol scooters are increasingly expensive to run, with fuel prices fluctuating and maintenance costs rising. In contrast, our electric scooters are highly economical. They require less maintenance, as they have fewer moving parts compared to internal combustion engines. Moreover, the cost of electricity is much lower than petrol, resulting in substantial savings over time. Imagine zipping around the city without worrying about fuel costs or frequent trips to the mechanic.

Cutting-Edge Technology and Superior Performance

SES Electric is at the forefront of innovation, integrating advanced technology into every scooter. Our electric two-wheelers are equipped with high-capacity lithium-ion batteries that provide impressive range and quick charging capabilities. Whether you’re commuting to work, running errands, or enjoying a leisurely ride, our scooters offer a reliable and smooth performance. The instant torque delivered by electric motors ensures quick acceleration, making your ride not only efficient but also exhilarating.

Convenience and Comfort

Designed with the urban commuter in mind, SES Electric scooters are incredibly user-friendly. They feature intuitive controls, digital dashboards, and smart connectivity options that enhance the riding experience. Our scooters are lightweight and compact, making them easy to manoeuvre through congested city streets and park in tight spaces. Additionally, the quiet operation of electric motors ensures a peaceful ride, free from the noise pollution associated with traditional scooters.

Safety and Reliability

Safety is paramount at SES Electric. Our two-wheelers come equipped with advanced safety features such as regenerative braking systems, anti-lock braking systems (ABS), and robust build quality to ensure rider safety. The durability and reliability of our scooters are a testament to our commitment to providing high-quality, dependable transportation solutions.

Join the Electric Revolution

The shift towards electric two-wheelers is not just a trend; it’s a necessary evolution in our approach to urban mobility. SES Electric is proud to be a leader in this transformative movement. By choosing SES Electric’s popular scooter, you’re not only investing in a superior mode of transportation but also contributing to a sustainable future.

We invite you to experience the many benefits of our electric two-wheelers. Visit our showrooms, take a test ride, and join the growing community of satisfied SES Electric riders who are redefining the way we move. Embrace the future of mobility with SES Electric — where innovation, sustainability, and performance come together to create an unparalleled riding experience.

#Popular Electric Scooter #Electric Scooter #Best Electric Scooter #SES Electric

[cleversheepblaze]

[vipinmishra]

Smart Lithium Battery Market Thrives on Renewables, EV Surge

Higher adoption of lithium-ion battery in renewable energy sector and plug-in vehicles are major factor attributable to the growth of the market.

According to TechSci Research report, “Global Smart Lithium Battery Market - Industry Size, Share, Trends, Competition Forecast & Opportunities, 2028”. The Global  Smart Lithium Battery is anticipated to project robust growth in the forecast period with a CAGR of  18.01% through 2028. The growing future applications of lithium-ion batteries across various industries, such as electric vehicles, consumer electronics, and renewable energy storage, have paved the way for significant advancements in energy storage technology. The increasing demand for environmentally friendly and reliable energy sources is driven by rapid innovation and improvement in these sectors. The automotive sector has witnessed a surge in the adoption of electric vehicles (EVs) due to government initiatives aimed at phasing out fuel-based vehicles. The ambitious "zero carbon" targets set by governing bodies worldwide have further accelerated the demand for EVs, consequently increasing the demand for lithium-ion batteries as a crucial component in electric vehicle power systems. Additionally, the widespread use of consumer electronics in daily life has created a significant need for high-performance rechargeable batteries. Lithium-ion batteries have found applications in a wide range of devices, including smartphones, laptops, tablets, and wearable technology.

Renewable energy integration serves as a key catalyst for energy storage solutions, with lithium-ion batteries leading the way. The coupling of energy storage systems with solar and wind installations enhances grid stability and facilitates the efficient utilization of intermittent renewable energy sources. Lithium-ion batteries continue to experience steady demand from the consumer electronics market. Ongoing innovations in smartphones, laptops, wearables, and other portable devices drive the necessity for batteries with increased energy densities and extended runtimes. The proliferation of grid-scale energy storage projects is on the rise, propelled by the imperative for grid stability and the seamless integration of renewable energy sources. Lithium-ion batteries assume a critical role in these initiatives by effectively storing surplus energy during periods of low demand.

Based on Region, The Asia-Pacific region is leading the global electric vehicle revolution. Countries such as China, Japan, South Korea, and India are driving the adoption of electric cars and two-wheelers. The implementation of stringent emission standards and incentives for electric vehicles by governments has resulted in a surge in demand for lithium-ion batteries.

The transition to electric mobility in urban centers has created significant opportunities for lithium-ion battery manufacturers. With ongoing technological advancements improving battery energy density and reducing costs, the adoption of electric vehicles is expected to continue growing. The Asia-Pacific region has also seen a growing focus on renewable energy generation, including solar and wind power.

Lithium-ion batteries play a crucial role in energy storage solutions, enabling effective management of intermittent renewable energy sources by the grid. The combination of solar and wind installations with lithium-ion battery energy storage systems enhances the reliability and stability of renewable energy grids. This trend presents a substantial market for lithium-ion batteries in the Asia-Pacific region.

Browse over XX market data Figures spread through XX Pages and an in-depth TOC on "Global Smart Lithium Battery Market" https://www.techsciresearch.com/report/smart-lithium-battery-market/17698.html

Moreover, Asia-Pacific serves as a global hub for consumer electronics manufacturing. The production of smartphones, laptops, tablets, and other portable devices heavily relies on lithium-ion batteries. As the demand for these devices continues to rise, there is an increasing need for high-quality batteries. The constant innovation in consumer electronics, such as smartphones with extended battery life and smaller, lightweight laptops, fuels the demand for advanced lithium-ion batteries with improved energy density and longer cycle life.

Many countries in the Asia-Pacific region have implemented supportive policies and incentives to boost the adoption of lithium-ion batteries in various applications. These policies include subsidies for electric vehicles, tax incentives, and renewable energy targets. The alignment of government policies with sustainability goals is expected to persist, further bolstering the lithium-ion battery market in the Asia-Pacific region.

Key market players in the Global  Smart Lithium Battery Market are following:-

BYD Company Limited

Contemporary Amperex Technology Co. Limited

LG Chem Ltd

Panasonic Corporation

Samsung SDI

Sony Corporation

Tesla Inc.

Tianjin Lishen Battery Joint-Stock Co. Ltd

Toshiba Corporation

Hitachi Chemical Co. Ltd.

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Customers can also request for 10% free customization on this report.

“The global smart lithium battery market is being propelled by several key drivers. Firstly, the surge in demand for electric vehicles (EVs) is a major factor. Smart lithium batteries are essential for EVs, offering higher energy density, longer lifespan, and improved safety features, thus driving their adoption. Secondly, the integration of renewable energy sources such as solar and wind power is on the rise. Smart lithium batteries play a pivotal role in storing and efficiently managing this renewable energy, making it available when needed and supporting the grid's stability.

Additionally, the constant evolution of consumer electronics drives demand for smart lithium batteries, as they offer enhanced energy efficiency and longer cycle life. These batteries enable portable devices like smartphones and laptops to operate longer between charges. Energy storage systems (ESS) are also a significant driver for the smart lithium battery market. Whether for residential or grid-scale applications, these batteries are crucial for storing excess energy, managing peak loads, and ensuring reliable backup power.

Lastly, the proliferation of Internet of Things (IoT) devices relies heavily on smart lithium batteries due to their compact size and extended lifespan. IoT applications across industries are expanding, further boosting the demand for these advanced batteries. Collectively, these drivers are fueling the growth of the global smart lithium battery market as they address the increasing need for efficient and reliable energy storage solutions across various sectors.” said Mr. Karan Chechi, Research Director with TechSci Research, a research-based  global management consulting firm.

Smart Lithium Battery Market– Global Industry Size, Share, Trends, Opportunity, and Forecast Segmented by Technology (Lithium Polymer, Lithium-ion), by Type (Stationary, Portable), by Capacity (Giga Watt-Hour, Mega Watt-Hour), by Application (Renewable Energy, Power Grid), By Region, Competition 2018-2028has evaluated the future growth potential of Global  Smart Lithium Battery Market and provides statistics and information on market structure, size, share, and future growth. The report is intended to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges, and opportunities present in the Global  Smart Lithium Battery Market.

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#Smart Lithium Battery Market #Smart Lithium Battery Market Size #Smart Lithium Battery Market Share #Smart Lithium Battery Market Trends #Smart Lithium Battery Market Growth

[yukinovabattery]

The Role of Lithium-Ion Batteries in Last-Mile Delivery Solutions

In today’s hectic e-commerce environment, last-mile delivery has become an essential part of the supply chain. As consumers increasingly expect fast and efficient delivery of their online purchases, logistics companies are under pressure to optimize their operations to meet these demands. One technology that has played a pivotal role in transforming last-mile delivery solutions is lithium-ion batteries. In this blog, we’ll explore the significant role that lithium-ion batteries play in powering last-mile delivery vehicles and how they contribute to efficiency, sustainability, and reliability in urban logistics.

Efficiency and Performance:

Lithium-ion batteries are prized for their high energy density, which allows them to store large amounts of energy in a relatively compact and lightweight package. This energy density translates to longer driving ranges for electric delivery vehicles, enabling drivers to cover more ground on a single charge without the need for frequent recharging stops. Yukinova batteries have been designed to provide high efficiency to keep the vehicle running for a longer time, making it the best Lithium ion battery manufacturer in UP for two wheelers and three wheelers vehicles.

Moreover, lithium-ion batteries exhibit excellent charge retention characteristics, meaning they can maintain their charge over extended periods of time. This ensures that delivery vehicles are ready for use whenever needed, minimizing downtime and maximizing productivity in last-mile delivery operations.

Sustainability and Environmental Benefits:

One of the most significant advantages of lithium-ion batteries in last-mile delivery solutions is their environmental friendliness. Unlike traditional gasoline or diesel-powered vehicles, electric delivery vehicles powered by lithium-ion batteries produce zero tailpipe emissions, reducing air pollution and greenhouse gas emissions in urban areas.

Furthermore, lithium-ion batteries can be charged using renewable energy sources such as solar or wind power, further reducing their carbon footprint. By transitioning to electric delivery vehicles equipped with lithium-ion batteries, logistics companies can contribute to efforts to combat climate change and create cleaner, more sustainable cities.

Reliability and Cost Savings:

In addition to their efficiency and environmental benefits, lithium-ion batteries offer reliability and cost savings advantages for last-mile delivery operations. Electric delivery vehicles powered by lithium-ion batteries have fewer moving parts and require less maintenance compared to traditional internal combustion engine vehicles. This translates to lower operating costs and reduced downtime for maintenance and repairs, resulting in higher fleet uptime and improved delivery reliability.

Moreover, as battery technology continues to advance, the cost of lithium-ion batteries is steadily declining, making electric delivery vehicles more affordable and accessible to logistics companies of all sizes. With lower fuel and maintenance costs, electric delivery vehicles equipped with lithium-ion batteries offer a compelling economic case for adoption, especially in dense urban areas where operating costs are typically higher.

Enhanced Flexibility and Adaptability:

Lithium-ion batteries also offer enhanced flexibility and adaptability for last-mile delivery solutions. Electric delivery vehicles can be charged at various locations, including distribution centers, depots, and charging stations strategically located throughout urban areas. This flexibility allows logistics companies to optimize their delivery routes and schedules, minimizing travel times and maximizing efficiency.

Furthermore, lithium-ion batteries can be recharged quickly using fast-charging technology, reducing downtime between deliveries and enabling drivers to complete more deliveries in less time. This increased flexibility and adaptability contribute to improved customer satisfaction and greater competitiveness in the rapidly evolving e-commerce landscape.

Conclusion:

In conclusion, lithium-ion batteries play a crucial role in powering last-mile delivery solutions, enabling logistics companies to meet the growing demand for fast, efficient, and sustainable delivery services. With their high energy density, environmental friendliness, reliability, and cost-effectiveness, Yukinova lithium-ion batteries are driving the transition towards cleaner and more efficient urban logistics operations. As battery technology continues to advance, electric delivery vehicles equipped with lithium-ion batteries will become increasingly integral to the future of last-mile delivery, providing a greener, more sustainable, and more efficient solution for meeting the evolving needs of e-commerce consumers.

Maximize your potential with high-performance Yukinova lithium-ion batteries. Trust in our expertise — buy today!

#battery manufacturer #manufacturer #battery supplier #lithium ion batteries

[cosbikeelectricscooters]

Cosbike offers quality electric bikes with affordable prices, exceptional customer service, and eco-friendly transportation solutions. Call now: 9910020997

#WINNER scooter #WINNER scooty #Electric Two-Wheeler Lithium-Ion Battery #Electric scooter Lithium Battery #e-scooters in India #e-scooters test ride #Find nearest dealers for electric scooters

[martin-cambell]

Hyundai & Kia Motor’s 2025 Vision: EV Battery Localization in India with Exide Energy Sparks Sustainability Drive!

In a significant move towards bolstering their presence in India's burgeoning electric vehicle (EV) market, Hyundai Motor Company and Kia Corporation have forged a partnership with Exide Energy Solutions Ltd, a prominent Indian battery manufacturer. The collaboration, marked by a Memorandum of Understanding (MOU), signifies a pivotal step towards localization of EV battery production in the country.

With a keen focus on tapping into India's EV sector potential, Hyundai and Kia aim to prioritize the production of lithium-iron-phosphate (LFP) cells through this strategic alliance. By leveraging Exide Energy Solutions' expertise and local manufacturing capabilities, the auto giants aim to enhance their competitiveness and sustainability in the Indian market.

The move comes at a time when India is intensifying efforts towards vehicle electrification as part of its broader sustainability agenda. Government initiatives aimed at reducing carbon emissions and promoting EV adoption have underscored the importance of localized battery production for achieving cost competitiveness.

Heui Won Yang, President and Head of Hyundai Motor and Kia’s R&D Division, emphasized the strategic significance of the partnership, citing it as a crucial step towards realizing their expansion plans in the Indian EV landscape.

By integrating locally produced batteries into their future EV models, Hyundai and Kia anticipate gaining a competitive advantage in the Indian market. This collaborative endeavor marks the beginning of a concerted effort to bolster battery development, production, and supply chain partnerships within the country.

Looking ahead, Hyundai Motor India has outlined its intention to introduce a high-volume EV model by 2025, complementing its existing EV lineup which includes the IONIQ5 and Kona. Similarly, Kia India is set to offer the EV6 model, reflecting the companies’ commitment to accelerating EV adoption in India.

Founded in 2022, Exide Energy Solutions Ltd, a subsidiary of Exide Industries Ltd based in Kolkata, brings over 75 years of market leadership in lead-acid batteries to the table. Venturing into the manufacturing of lithium-ion cells, modules, and packs, the company offers diverse chemistries and form factors, aligning with the evolving needs of the EV market.

Also Read

9.44 Lakh Electric Two-Wheelers Sold in FY24: Ola, TVS, Bajaj, Ather Lead Surge!

#Hyundai #Kia Motors #Vision 2025 #ev batteries

[5545321]

Asia-Pacific Electric Scooter Market Worth $ 625.03 Billion and 266.04 Million Units by 2029

Meticulous Research®, a premier market research firm, has recently unveiled a comprehensive report titled “Asia-Pacific Electric Scooter Market,” delving into various facets of this burgeoning industry. Projections suggest a remarkable journey ahead, with the market poised to exhibit a robust CAGR of 28.9% from 2022 to 2029, surging to a value of $625.03 billion by the end of the forecast period. In terms of volume, the market is anticipated to reach 266.04 million units by 2029, propelled by a steady CAGR of 26.4%.

Driving this growth are a confluence of factors including supportive governmental policies, escalating environmental consciousness, and substantial investments from Original Equipment Manufacturers (OEMs) and ride-hailing enterprises into micro-mobility initiatives. Moreover, the declining costs of batteries present notable opportunities for market expansion.

However, challenges loom, notably the substantial initial investments required for procuring electric two-wheelers and the escalating instances of theft and vandalism in certain Asian regions. Additionally, concerns such as range anxiety and inadequate cycling infrastructure in developing nations within the Asia-Pacific region pose significant hurdles.

The report segments the Asia-Pacific electric scooter market based on various parameters including vehicle type, power output, battery technology, motor type, charging methodology, end user, and country. Notably, it provides a meticulous analysis of industry competitors and offers insights at the national level.

In terms of vehicle types, the market is divided into electric motorcycles and e-scooters & bikes. Electric motorcycles presently dominate the segment owing to favorable governmental policies promoting electric mobility and increasing consumer awareness regarding environmental sustainability. However, e-scooters & bikes are expected to witness the highest growth rate, driven by government subsidies and their burgeoning use in courier and e-commerce delivery services.

Power output segmentation reveals three categories: less than 3.6 kW, 3.6 kW to 7.2 kW, and 20 kW to 100 kW. The less than 3.6 kW segment currently commands the largest market share, primarily due to its utility as a cost-effective last-mile transportation solution. Conversely, the 3.6 kW to 7.2 kW segment is anticipated to witness the highest growth, buoyed by its cost-effectiveness and environmental friendliness.

Battery technology segmentation includes sealed lead acid, lithium-ion, and lithium-ion polymer batteries. While lithium-ion batteries currently dominate the market, lithium-ion polymer batteries are projected to exhibit the highest growth rate, favored for their cost-efficiency without compromising performance.

Motor types encompass hub motors and mid-drive motors, with hub motors leading the market owing to their flexibility and stability, particularly in all-wheel-drive scenarios. Charging types include connector charging and wireless charging, with the latter anticipated to witness the highest growth owing to its convenience.

End-user segmentation spans government institutions, academic institutes/universities, business organizations, micro-mobility service providers, individuals, and others. Currently, business organizations hold the largest market share, driven by governmental initiatives promoting EV adoption and last-mile transportation solutions.

Geographically, China commands the largest share of the market, driven by robust governmental support and strategic business developments. However, the Philippines is expected to exhibit the highest growth rate, buoyed by local governmental initiatives promoting investments and the adoption of cleaner technologies.

Download Sample Report Here: https://www.meticulousresearch.com/download-sample-report/cp_id=5242

The key players operating in Asia-Pacific electric Scooter market are Yamaha Motor Co., Ltd. (Japan), Yadea Group Holdings Ltd. (China), Niu Technologies (China), Fuji-Ta Bicycle Co., Ltd. (China), Zhejiang Minimotors Bike Co., Ltd. (China), Gogoro Inc. (Taiwan), Ather Energy Pvt. Ltd. (India), Revolt motors (India), Hero MotoCorp Ltd. (India) and Dongguan Tailing Electric Vehicle Co., Ltd. (China).

Key Questions Answered in the Report:

Which are the high growth market segments in terms of vehicle type, power output, battery technology, motor type, charging type, end user, and country?

What is the historical market size for the Asia-Pacific electric Scooter market?

What are the market forecasts and estimates for the period 2022–2029?

What are the major drivers, restraints, opportunities, and challenges in the Asia-Pacific electric Scooter?

Who are the major players in the market, and what are their market shares?

Who are the major players in various countries?

How is the competitive landscape for the Asia-Pacific electric Scooter market?

What are the recent developments in the Asia-Pacific electric Scooter market?

What are the different strategies adopted by the major players in the market?

Which are the high-growth countries in the Asia-Pacific electric Scooter market?

Who are the local emerging players in the Asia-Pacific electric Scooter market, and how do they compete with other players?

Contact Us:

Meticulous Research® Email- [email protected] Contact Sales- [phone] Connect with us on LinkedIn- https://www.linkedin.com/company/meticulous-research

#Electric Scooter Market

[govindtbrc]

Powering Progress: Insights into the India Electric 2W and 3W Vehicle Market

In the landscape of sustainable mobility, electric two-wheelers (2Ws) and three-wheelers (3Ws) are emerging as key players in driving progress towards cleaner and more efficient transportation solutions. In India, a country grappling with rising pollution levels and urban congestion, the electric 2W and 3W vehicle market holds immense potential to transform the way people commute and transport goods. Understanding the dynamics, trends, and challenges of this market provides valuable insights into the future of mobility in India and beyond.

At the core of the India electric 2W and 3W vehicle market lies the imperative to reduce emissions, dependence on fossil fuels, and urban congestion. With rapid urbanization and a growing population, Indian cities are facing unprecedented challenges related to air quality, traffic congestion, and noise pollution. Electric 2Ws and 3Ws offer a sustainable and cost-effective alternative to traditional gasoline-powered vehicles, with zero tailpipe emissions and lower operating costs. As a result, government initiatives, incentives, and policies aimed at promoting electric mobility are driving the adoption of electric 2Ws and 3Ws in India.

Moreover, the India electric 2W and 3W vehicle market are driven by advancements in technology, battery innovation, and manufacturing capabilities that are making electric vehicles (EVs) more affordable, reliable, and accessible to consumers. Lithium-ion battery technology, in particular, has emerged as a game-changer in the electric vehicle industry, offering higher energy density, longer range, and faster charging times compared to traditional lead-acid batteries. Additionally, improvements in motor efficiency, power electronics, and vehicle design are enhancing the performance, safety, and reliability of electric 2Ws and 3Ws, making them more attractive to consumers.

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Furthermore, the India electric 2W and 3W vehicle market are influenced by changing consumer preferences, urban mobility trends, and government regulations that are shaping the adoption and deployment of electric vehicles. As consumers become more environmentally conscious and cost-conscious, there is a growing demand for electric 2Ws and 3Ws that offer not only clean and efficient transportation but also affordability and convenience. Additionally, urban mobility trends such as ride-sharing, last-mile delivery, and micro-mobility are driving the demand for electric 2Ws and 3Ws as flexible and agile solutions for short-distance travel and cargo transportation.

Additionally, the India electric 2W and 3W vehicle market are characterized by a diverse ecosystem of players, including OEMs, startups, component suppliers, and charging infrastructure providers, all working together to drive innovation and market growth. While established OEMs are investing in electric vehicle platforms and product portfolios, startups are disrupting the market with innovative business models, lightweight designs, and connected features. Furthermore, component suppliers are collaborating with OEMs to develop advanced battery packs, motors, and power electronics tailored to the specific requirements of electric 2Ws and 3Ws. Additionally, charging infrastructure providers are expanding their networks and services to support the growing demand for electric vehicles across India.

Despite the opportunities for growth, the India electric 2W and 3W vehicle market also face challenges, including infrastructure constraints, technology adoption barriers, and market fragmentation. While the adoption of electric 2Ws and 3Ws is gaining momentum in urban centers and metro cities, rural areas and Tier-II/III cities still lack adequate charging infrastructure and awareness about electric mobility. Additionally, concerns about range anxiety, battery life, and upfront costs continue to hinder widespread adoption of electric 2Ws and 3Ws among consumers. Furthermore, market fragmentation and regulatory uncertainties pose challenges for industry stakeholders, requiring coordinated efforts and partnerships to address common challenges and accelerate the transition to electric mobility in India.

In conclusion, the India electric 2W and 3W vehicle market represent a significant opportunity to drive progress towards cleaner, greener, and more sustainable transportation solutions. With government support, technological innovation, and industry collaboration, electric 2Ws and 3Ws have the potential to transform the way people commute and transport goods in India, reducing emissions, improving air quality, and enhancing urban mobility. By understanding the dynamics, trends, and challenges of the India electric 2W and 3W vehicle market, industry stakeholders can capitalize on opportunities and overcome barriers to accelerate the adoption and deployment of electric mobility solutions in India.

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THE BEST EV SCOOTER IN INDIA: A COMPREHENSIVE GUIDE

As India strides towards a greener future, the demand for electric vehicles (EVs) has surged, particularly in the two-wheeler segment. Among the plethora of options available, Sokudo India stands out as a premier choice for electric scooters. If you're considering making the switch to an EV scooter, here’s why Sokudo India’s offerings are the best in the market. Why Choose an EV Scooter?

Before diving into the specifics, it’s essential to understand the myriad benefits of owning an electric scooter: Eco-Friendly: EV scooters produce zero emissions, significantly reducing your carbon footprint.

Cost-Efficient: With rising fuel prices, EV scooters offer substantial savings in the long run. Electricity is cheaper than petrol, and maintenance costs are minimal.

Convenience: EV scooters are easy to charge, and many models come with removable batteries, allowing for flexible charging options. Performance: Modern EV scooters boast impressive acceleration, smooth rides, and silent operation, making for a pleasant commuting experience. Introducing Sokudo India’s EV ScootersSokudo India has established itself as a leader in the electric scooter market, known for its innovative technology, stylish designs, and reliable performance. Here’s a closer look at what makes Sokudo India’s scooters the best in the business. 1. Advanced Battery TechnologySokudo India’s EV scooters are equipped with state-of-the-art lithium-ion batteries that ensure long-lasting performance and quick charging times. With ranges varying from 60 to 100 kilometers on a single charge, these scooters are perfect for daily commutes and short trips around the city. The batteries are also designed for durability, capable of withstanding numerous charge cycles without significant degradation. 2. Smart FeaturesModern problems require modern solutions, and Sokudo India’s scooters are packed with smart features that enhance the user experience. From digital dashboards that provide real-time information on battery status and speed to mobile connectivity that allows you to monitor your scooter remotely, these features add a layer of convenience and safety. 3. Sleek and Stylish DesignsWho says eco-friendly can't be stylish? Sokudo India’s scooters come in a variety of designs and colors, catering to different tastes and preferences. Whether you prefer a classic look or a more contemporary design, there’s a Sokudo scooter for you. 4. Robust Build Quality

Built with high-quality materials, Sokudo India’s scooters are designed to withstand the rigors of daily use. The sturdy frames and superior suspension systems ensure a smooth and stable ride, even on rough terrain. 5. Safety First

Safety is a top priority for Sokudo India. The scooters come with advanced braking systems, reliable tires, and bright LED lighting to ensure maximum visibility and control. Additionally, many models feature anti-theft alarms and GPS tracking, providing peace of mind for the owners. The Sokudo India LineupHere’s a quick overview of some of the popular models from Sokudo India:

Sokudo Acute : Known for its cutting-edge technology, the Sokudo Acute features a powerful battery, smart connectivity, and an elegant design. It’s perfect for tech-savvy individuals who want a futuristic ride.

Sokudo Acute 2.2: For those who prefer a more traditional look, the Classic offers timeless style with modern features. It’s a great all-rounder for daily commuting.

Sokudo Rapid 2.2: Designed for city dwellers, the Urban model is compact, lightweight, and incredibly agile, making it ideal for navigating through traffic.

Customer Testimonials

Don’t just take our word for it; here’s what some of our customers have to say:

Amit S.: "Switching to a Sokudo EV scooter has been a game-changer for me. It’s economical, eco-friendly, and so much fun to ride!"

Priya R.: "I love the smart features of my Sokudo scooter. Being able to monitor everything from my phone is so convenient."

Rajesh K.: "The build quality is top-notch. My Sokudo scooter handles beautifully, even on bumpy roads."

Conclusion

As India continues to embrace sustainable transportation, Sokudo India stands at the forefront, offering the best EV scooters that combine innovation, style, and reliability. Whether you’re an eco-conscious commuter or someone looking to save on fuel costs, a Sokudo EV scooter is the perfect choice. Join the electric revolution and ride into a greener future with Sokudo India.

Ready to make the switch? Visit our website or your nearest Sokudo dealership to find the perfect EV scooter for you.

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The article discusses various policies and initiatives taken by the Indian government to promote electric vehicle adoption in the country. Key points include the launch of the FAME India scheme in 2015 to boost EV adoption, the PLI scheme in 2021 to incentivize domestic auto component manufacturing, and the National Programme on Advanced Chemistry Cell Battery Storage in 2021. It also discusses various EV policies of different Indian states providing incentives for manufacturing, adoption, and charging infrastructure development. Major companies like Ola Electric, Greaves Cotton, etc. are working to establish EV manufacturing facilities and retail networks in India.

FAME India Scheme was introduced in 2015 to bring up the level of adoption of electric vehicles and address issues like emissions from vehicles. The scheme now is fully operational with the implementation of its Phase II having a total outlay of INR 10,000 ($ 1.2 Bn) for a period of 5 years from the commencement date of April 1, 2019. The share of total budgetary assistance that is earmarked to create demand for electric vehicles in the country is 86%. Accordingly, 7000 e-Buses, 5 lakh e-3 Wheelers, 55000 e-4 Wheeler Passenger Cars (including Strong Hybrid), and 10 lakh e2 Wheelers will be supported by this provision.

Under this scheme, the Production Linked Incentive (PLI) Scheme for the Automotive Sector, which was launched in September 2021 with a fiscal outlay of INR 25,938 Cr ($ 3.1 Bn) is to be used for supporting the domestic manufacturing of advanced automotive technology (AAT) products and attracting investments in the automotive manufacturing value chain. The SOP details that the scheme has two parts: UNITED OEM will produce electric vehicles or those with hydrogen engines, while COMMON CHAMPIONS will manufacture parts that are innovative and high-tech. Under the plan, proposals totaling INR 74,850 Cr ($ 9 Bn) have been received against the target investment of INR 42,500 Cr ($ 5.1 Bn) over five years.

PLI Scheme under the National Programme on Advanced Chemistry Cell (ACC) Battery Storage was launched in the year 2021 to help in building manufacturing capabilities of India in ACC manufacturing with an outlay of INR 18,100 Cr ($ 2.1 Bn) for seven years (including two years of the gestation period). This remuneration shall be paid in installments of one year at a stretch conditional upon the production of batteries sold in India during such period. Thus, up to now, 3 firms have been chosen with 30 GWh of capacity.

Additionally, the government has taken the following measures to provide impetus to green mobility further:

• The 2023-24 Union Budget exempted the customs duty on the import of capital goods and machines needed for the manufacturing of lithium-ion cells which are used in batteries for electric vehicles.

• A GST rate applicable to electric vehicles stands at 5% as opposed to 12%; GST on chargers or charging stations for electric vehicles is reduced from 18% to 5%.

• Both the commercial vehicles that run on battery and the private ones are accorded the green license plates. They are also not exempted from permit requirements. Road tax exemption for EVs temporarily, which in the long run will help bring down the initial purchase price of EVs.

• The creation of Public Electric Vehicles Charging Infrastructure on a national had become the aim of the Ministry of Power, which came up with the revised Guidelines and Standards on the said subject. The guidelines expect private players to install charging stations for EV systems. Consequently, the Oil Marketing Companies have made a move aiming to install 22,000 EV charging stations in popular cities and on the major highways in the country.

On 14th March 2024, the Indian Government issued an electric vehicles (EV) policy, suggesting a minimum of Rs 4,150 crore or about $500m for infrastructure development. The multiyear incentives offered are to enable investors to establish EV manufacturing sites within 3 years and DVA of 25% in the 3rd year and 50% in the 5th year.

In an attempt to attract EV manufacturers into India particularly, Tesla, a US-based EV Market that can also enter the emerging EV market of the country on the 14th of March 2024, the government introduced a new EV policy that includes incentives for them. The gazette notification by the Centre mentions that the importers of up to 8.000 EVs if priced around $35,000 or above, may have a simple duty charge of 15% which was 70% earlier. This would apply only if the importers commit to having an investment of at least $500 million in India within the next three On the other hand, native OEMs Tata Motors & Mahindra & Mahindra demanded the price corner of the market CUV above $ 35,000 from the government in favor of the protection of their investments and competitiveness levels. Tesla's efforts of lowering the duty on the new $25,000 EV that it plans to introduce to markets like India will most likely be replaced with its Model 3, which is currently sold globally at close to $40,000 in the international market. Therefore, the company will concentrate on making its procedures locally to start its India market entry plans. However, the persons mentioned above added that it is on The step is merely believed to be a deft performance by the government on the birth of the model code of conduct day before the upcoming general election, where India is being positioned as a business-welcoming destination but also being managed not to hurt the domestic industry. The government will also seek bank guarantees equalling the reduction in import duty on the vehicles from the carmakers, and will only return them if they meet all the criteria laid down under the scheme in five years.

In the midst of June 2022, Haryana also approved its EV policy in line with other states. The policy enables the State to establish itself as a reliable EV manufacturing hub and in the same breath to develop the supporting ecosystem by providing charging infrastructure, skill development, and R&D in EV technology. The government of Haryana state has made 2022 as “Year of Electric Vehicles” declaration.

In the month of April 2022, one of the dense energy batteries in the world at 54MWh, was developed by a battery startup in Bengaluru followed by its acquisition by a European renewable energy company, Eren Groupe, it’s used for storage is also a major factor. This hefty density ensures that more power is produced per atom, which is an economical choice compared to other batteries like sodium-ion and aluminum air. The battery's charges, by the manufacturer, take 30 minutes to charge fully. This new acquisition by a European company will not only contribute to domestic manufacturing but also to the development of strategies that make more EVs affordable, mainly because batteries which are the most expensive component of the car may account for up to 40 percent of the total price.

In November 2021, India rolled out the website e-AMRIT – https://www.e-amrit.niti.gov.in/ – at the COP26 Summit in Glasgow, this one-stop solution for all information on electric vehicles is provided. It addresses these concerns that EVs may have when one thinks about the adoption of this technology. Such issues include the positioning of charging facilities and the options for financing EVs. Plus, also addresses information about investment, policies of the government, and available subsidies for the drivers and manufacturers.

The federal government is also making significant efforts toward the transition to green mobility, and the recent modifications to the Faster Adoption and Manufacturing of Hybrid and Electric Vehicles in India (FAME) II scheme to make electric two-wheelers affordable is a notable mention. During the second phase of the FAME scheme, the e-vehicles were supported through demand incentives to the amount of about INR 18.69 billion and the total number is about 469,315 as of July 11, 2022. Granted permissions of 6315 electrical buses and 2877 EV charging stations sanctioned in 68 cities across 25 states/UTs are the most. As a result, there are 50 OEMs, of which there are those that are start-ups and established manufacturers among them. These companies have registered and revalidated about 106 of their electric vehicle models. There are 1,576 charging stations designated for setting up along the highways and expressways in 9 and 16 routes, respectively.

Moreover, by integrating production-linked incentive schemes, aims to establish a local production system will be also supported by targets of increased adoption of electric mobility. This is intended to be realized by rewarding new investments into the creation of local supply chains that are domestically focused on critical technologies, products, and components.

By September 2021, Greaves Cotton has unveiled his entry into multi-brand retail of electric vehicles under the brand name AutoEVMart. This is reportedly the best way a platform can be made to enable the consumer to own an electric vehicle from Ampere Electric to the many others in the EV space. Hence, AutoEVMart will be a one-stop shop for electric vehicle needs in India, providing e-scooters, e-rickshaws, and other EVs as well as EV accessories. The Greaves group is planning to establish the first store of its kind merchandising the new technology in Bengaluru.

In September 2021, the State of Assam declared the Electric Vehicle Policy, 2021 and, slated the target for phasing out fuel-based vehicles by 2030. The Assam government has got to begin by changing all the vehicles it has for government use and the public transport buses to the EVs replacement. This objective is to place 200,000 electric vehicles on the road within the next five years. The Industries, Commerce, and Public Enterprises Department of Assam has reported that the new EV Policy offers people the opportunity to make the switch from ICVs to EVs, through different incentive options. The government of Assam also has the NEIDP scheme (2017) and IIP Assam (2019) that provide incentives for EV manufacturing in the state.

SwPL, an Indian leading EPC firm has formally commenced its activities in the electric vehicle (EV) segment in India. It has entered into a 50-50 joint venture with Enel X, a company that was created on Apr 1, 2021, to populate the Indian market with innovative charging infrastructure.

The journey of Indian start-ups towards a sustainable future is not limited to the mobility segment. In March 2021, Ola Electric, the subsidiary of the unicorn Indian ride-hailing start-up, also announced that they would be building the world’s largest electric scooter plant in Hosur (which is a two and half-hour drive from Bengaluru) over the next twelve weeks ola electric plans to increase its production capacity to 10 million by 2022 that is 15% of the total number of electric scooters to be produced in the world.

Electric Vehicle Policy in Indian States

Jharkhand

Jharkhand Electric Vehicle (EV) Policy 2022

Issued October 7, 2022

Maharashtra

Issued in July 2021. Valid till March 31, 2025

Budget outlay of INR 9.3 billion (US$124.97 million).

Achieve a 10% share of EVs in all new vehicle registrations by 2025.

Attain 25% electrification of public transportation and last-mile delivery vehicles in five targeted urban agglomerations of Greater Mumbai, Pune, Nashik, Nagpur, and Aurangabad by 2025.

Several purchase incentives across all segments of EVs, including e-buses.

Incentives for battery recycling.

Set up at least one Gigafactory for manufacturing of Advanced Chemistry Cell (ACC) batteries in the state.

Establish charging infrastructure across the state as well as connecting highways. Incentives for setting up charging stations.

Odisha

Odisha Electric Vehicle Policy, 2021

Issued in August, 2021. Valid for five years

Achieve the adoption of 20% EVs in all vehicle registrations in the state by 2025. The focus segments are two-wheelers, three-wheelers, four-wheelers, and electric buses.

Waivers on road tax and registration fees during the policy period.

Incentives for EV and component manufacturing, including batteries.

Additional incentives for setting up both public and private charging infrastructure.

Additional sops for Lithium Ion battery manufacturing.

Assam

Assam Electric Vehicle Policy, 2021

Issued in September 2021. Valid for five years.

Achieve 25% penetration of EVs in the total number of vehicle registrations in Assam.

Support deployment of 200,000 EVs over the next five years. The segment-wise breakup of this target is:

Two-wheeler EVs – 100,000 units;

Three-wheeler EVs – 75,000 units; and

Four-wheeler EVs – 25,000 units.

Offer incentives for EV and component manufacturing.

Focus on recycling policy for batteries.

Gujarat

Gujarat State Electric Vehicle Policy, 2021

Issued in June 2021. Valid till 2025.

Budget outlay of INR 8.7 billion (US$116.90 million)

Support deployment of 2,00,000 EVs over the next four years. The segment-wise breakup of this target is:

Two-wheeler EVs– 1,10,000 units

Three-wheeler EVs – 70,000 units

Four-wheeler EVs– 20,000 units

The incentives on EVs will be based on battery capacity, available up to INR 10,000(US$134.40)/kWh.

All EVs will be exempt from payment of registration fees.

Policy incentives for boosting the charging infrastructure in the state.

Rajasthan

Rajasthan Electric Vehicle Policy, 2021

Issued in July 2021. Valid till March 31, 2022.

All EVs purchased before March 2022 will be eligible for a State Goods and Services Tax (SGST) refund.

Additional purchase incentive for electric two-wheelers and three-wheelers.

West Bengal

West Bengal Electric Vehicle Policy, 2021

Issued on June 3, 2021. Valid for five years since notification.

Goal of one million EVs in the state across all segments during the policy implementation period.

Goal of establishing 100,000 public/semi-public charging stations in the next five years.

Achieve EV/Public charge point ratio of eight.

Recycling and reusing old batteries and discarding unusable batteries in an environment-friendly manner.

Establishment of “EV Accelerator Cell”

Facilitate public charging infrastructure for EVs through DISCOMs.

Meghalaya

Meghalaya Electric Vehicle Policy, 2021

Issued in March 2021. Valid for a period of five years since notification.

Seeks adoption of at least 15% EVs in the state in the next five years by offering incentives.

Facilitate the adoption of 20,000 EVs during the policy implementation period.

All types of EVs purchased during the policy period shall be exempt from payment of registration fees and road tax.

Purchase subsidy of INR 10,000 (US$134.40)/kwh for the first 3,500 electric two-wheelers priced below INR 150,000 (US$2016.06)

Purchase subsidy of INR 4,000 (US$53.76)/kWh for first 200 electric three-wheelers priced below INR 500,000 (US$6720.20)

Purchase subsidy of INR4,000 (US$53.76)/kWh to the first 30 hybrid four-wheelers priced below INR 1.5 million (US$20,160).

Boost charging infrastructure by encouraging private investment.

Encourage the reuse and recycling of batteries.

Andhra Pradesh

Electric Mobility Policy (2018-23)

Goal of one million EVs by 2024.

Goal of 100,000 slow and fast EV charging stations by 2024.

Government plans to stop registration of petrol and diesel cars by 2024 in the upcoming capital city of Amaravati.

All government vehicles, including corporations, boards, and government ambulances to be electric by 2024.

NCT of Delhi

Delhi Electric Vehicles Policy, 2020

Aims to have at least 50% e-buses for all new stage carriage buses procured for the city fleet, starting with 1,000 e-buses by 2020.

Aims for 25% of new vehicle registrations to be electric by 2024.

A purchase incentive of INR 5,000 (US$68) per kWh of battery capacity is provided for two-wheelers and is subject to a maximum incentive of INR 30,000 (US$409) per vehicle.

Incentive for scrapping and de-registering old highly polluting two-wheelers.

A purchase incentive of INR 10,000 (US$136) per kWh of battery capacity provided for electric four-wheelers (cars) (subject to a maximum incentive of INR 150,000 (US$2,039) per vehicle) for the first 1,000 e-cars registered in New Delhi after issuance of the policy.

Purchase incentive of INR 30,000 (US$409) per vehicle to owners of e-autos, e-rickshaws, and e-carts.

Karnataka

Electric Vehicles and Energy Storage Policy, 2017

100% of three and four-wheelers moving goods will be encouraged to transition to electric by 2030.

Local public transport bus fleets to introduce 1,000 EV buses.

Aim to set up 112 EV charging stations in Bengaluru.

Focus on venture capital fund for e-mobility start-ups and creation of a secondary market for batteries.

Incentives such as interest-free loans on net SGST for EV manufacturing enterprises.

Kerala

Electric Vehicle Policy, 2019

Target of bringing one million EVs to the state by 2022 and 6000 e-buses in public transport by 2025.

Viability gap funding for e-buses and government fleet.

Incentives such as tax breaks, road tax exemptions, toll charge exemptions, free permits for fleet drivers, and free parking.

Priority to EV component manufacturing.

Telangana

Electric Vehicle and Energy Storage Solution Policy, 2020

100% exemption of road tax and registration fee for the initial electric vehicle purchases.

EV sales target to achieve 80% two- and three-wheelers (motorcycles, scooters, auto-rickshaws), 70% commercial cars (ride-hailing companies, such as Ola and Uber), 40% buses, 30% private cars, 15% electrification of all vehicles by 2025.

Job creation for 20,000 workers by 2025 through EVs in shared mobility, EV manufacturing, and charging infrastructure development.

Uttar Pradesh

Electric Vehicles Manufacturing and Mobility Policy, 2019

Rolling out 1 million EVs combined across all segments by 2024.

Goal of 1,000 electric buses deployed in the state by 2030.

Target of achieving 70% electrification of public transportation by 2030 on identified green routes in 10 identified EV cities (Noida, Ghaziabad, Meerut, Mathura, Agra, Kanpur, Lucknow, Allahabad, Gorakhpur, and Varanasi).

Set up around 0.2 million slow and fast charging and swapping stations by 2024.

Establishes a single-window system in place for all approvals required for EV and battery manufacturing units.

Madhya Pradesh

Madhya Pradesh Electric Vehicle Policy, 2019

Rapid EV adoption and contribution to 25% of all new public transport vehicle registrations by 2026.

Some cities will stop registering new internal combustion engine (ICE) autos.

Enable faster adoption by ensuring safe, affordable, and accessible charging infrastructure.

Shared e-rickshaws and electric auto-rickshaws incentives: free cost of permits, exemption/reimbursement from road tax/vehicle registration fees for five years, and 100% waiver on parking chargers at any municipal corporation-run parking facility for 5 years.

Tamil Nadu

Electric Vehicle Policy, 2019

Electrify 5% of buses every year by 2030, and convert shared mobility fleets, institutional vehicles, and e-commerce delivery and logistics vehicles to EVs by 2030.

Convert all auto rickshaws in six major cities to EVs within a span of 10 years.

Establish venture capital and business incubation service hubs to encourage electric vehicle start-ups.

EV-related and charging infrastructure manufacturing units will receive a 100% exemption on electricity tax till 2025.

Uttarakhand

EV Manufacturing, EV Usage Promotion, and Related Services Infrastructure Policy, 2018

Aimed at 100% electrification of public transport, including e-buses; shared mobility, including e-bikes, and e-taxis; and goods transport using electric two-, three-, and four-wheelers and other mini goods transport vehicles in five priority cities by 2030.

100% electricity duty exemption and stage carriage permit exemption for five years from the date of commercial production.

Exempts the first 100,000 EV buyers from motor vehicles tax for five years.

Bihar

Draft Bihar Electric Vehicle Policy, 2019

Priority to electrification of rickshaws. Target of converting all paddle rickshaws to e-rickshaws by 2022.

Promotion to manufacturing of e-rickshaws.

Set up fast-charging stations at intervals of 50 km on state and national highways and charging stations at commercial and residential locations.

Himachal Pradesh

Draft Electric Vehicle Policy, 2019

Aims for 100% transition to EVs by 2030.

Draft promotes the creation of dedicated charging infrastructure and includes a provision for charging points in commercial buildings.

Conclusion: In conclusion, the Indian government has implemented various policies and initiatives to promote electric vehicle adoption in the country, such as the FAME India scheme, PLI schemes, and state-specific EV policies. Major companies are also investing in EV manufacturing facilities and retail networks in India, signaling a significant shift towards green mobility in the country.

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