The Indian electric vehicles (EV) industry has registered a 20% surge with sales of 1.56 Lakh units in the financial year 2019-2020, compared to 1.3 Lakh in the previous year. As per the Society of Manufacturers of Electric Vehicles (SMEV), electric two-wheelers have made up for almost 97% of total sales with 1.52 Lakh units sold versus 1.26 sold in the previous year.
Impact of COVID 19 on EV market
The impact of COVID 19 Pandamic has disrupted entire Auto market in India including Two wheeler and Four wheeler sales dropdown. The financial Year 20-21 will be a difining year post covid as it is accepted that the EV sales in india will face a majour challanges.
Positive Signs that raising hopes on Indian EV market.
There are few notable reasons which are increasing hopes on EV sales in India especially two wheeler EV segment.
Drop levels in Pollution: The drop in pollution levels due to the lockdown is likely to leave a permanent impression in the minds of consumers about how they can breathe easily and remain healthy if the society moves towards electric mobility, coule leverage EV sales in Majour cities like Delhi, Mumbai, Chennai, Bangalore, Kolkata, Hyderabad and other developing cities in India.
Switch over from Crowded mass transport: Post Covid 19, the impact of social distancing could bring the change in the way public commute for their daily activities as they prefer to travel safely rather than in crowded mass transport to another mode of private transportation with the same cost of commuting. This will surge the growth of Electric Two wheelers like Electric Bikes, Electric Scooters and Ebicycles in Indian Market.
