EV may become dominant form of transport in India

Every day we are witness to new developments taking shape in electric mobility space. In fact, it seems to be one of the biggest collaborative exercise being undertaken between automobile manufactures, battery producers, R&D Labs and governments to push electric mobility as the new avatar of mobility and make it the dominant one at that.

The nagging question which arises is whether such efforts, that are being undertaken at national and international level, can quicken the pace of EV adoption and make conventional IC engines obsolete sooner than ever expected. We can answer this question by relying on recent developments happening within India and offshore. First, there appears no doubt that EV revolution is bound to invade two-wheeler (2W) space much faster than 4w. I can support my argument by stating some facts. The rapid entry by small private sector players in the manufacture of 2W EV demonstrates that it’s not a one-off event rather it is becoming a reality as the biggies in 2W Auto sector are also quickly changing gears and refocusing their plans to make 2W EV. In fact, on common observance, we see that there is an increasing shift which is happening in the fleets of delivery services of ecommerce players from ICE engine to EV 2W. This shift is gaining ground basically because of very low running costs which EV offer plus the fact that it has become fashionable to state that you are a climate friendly entity and really bothered about ESG norms which give you an added advantage of strengthening your brand too.