In 2021, the sales of electric two-wheelers in the country grew two-fold to 2,33,971 units from 1,00,736 units in 2020. Among the electric scooters, high-speed scooters are most liked by the customers. SMEV said that the demand for electric vehicles has increased in every category due to the FAME-2 policy of the central government and their own electric vehicle policies of the state governments.
The report said that a large number of people are shifting from petrol two-wheelers to electric vehicles due to attractive prices, low running cost and low maintenance. Another main reason for this is the increasing trend of vehicle customers towards environmental protection. As per the recent monthly trends, the next 12 months are likely to see a five to six-fold increase as compared to the previous 12 months.
According to SMEV, high-speed electric two-wheelers, which have a top speed of more than 25 km/h and require full licence, achieved sales of 1,42,829 units in 2021, registering a growth of 425 per cent. In 2020 only it was at 27,206 units.
At the same time, sales of electric two-wheelers with a speed of less than 25 km / h increased by 24 percent to 91,142 units in 2021 from 73,529 units in 2020. It added that incentives on high-speed bikes based on battery capacity of Rs 15,000/kW have made entry-level high-speed electric two-wheelers cheaper than many low-speed two-wheelers.
The report claims that in the next two to three years, large and organized players in India are expected to have products in all sectors ranging from e-scooters, e-motorcycles and e-cycles. And in four to five years, around 30 per cent of the two-wheeler market will be electric.
SMEV said that based on vehicle data, Hero Electric will be the largest manufacturer of high-speed scooters with sales of 46,214 units in 2021. It was followed by Okinawa with sales of 29,868 units, Ather 15,836 units, Ampere 12,417 units and Pure EV at 10,946 units to enter the electric two-wheeler market.