Transcription of March 2021 The India Electric Vehicle Opportunity: Market ...
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March 2021 The India Electric Vehicle Opportunity: Market ...
March 2021 Connected PlacesThe India Electric Vehicle opportunity : Market Entry ToolkitAuthors Lovedeep BrarBob BurgoyneLovisa ErikssonRimaljit LikhariThalia SkoufaLowri Williams Acknowledgments The authors would like to thank the following individuals and organisations for their valuable contributions to this report (errors or omissions remain the responsibility of the authors):Ms. Sonal Bhartia, Director, Investment Banking Advisory, EYShipra Bhutada, Founder, User Connect Research Agency, BenagluruDebi Prasad Dash, Executive Director, IESAM anoj M Desai, General Manager - Automotive Electronics Department, ARAIS halendra Gupta, CFO, Altigreen Propulsion LabsRaghav Handa, Director-Business Corridors, Asia Pacific, HSBC Aman Hans, Lead Consultant - National Energy Storage Mission, NITI Aayog Mark Hartmann, CTO Latent Heat SolutionsAshutosh Humnabadkar, SVP, eMobility, QuanzenSumeet Jain, Head of UK Outbound India Desk, HSBCAmit B Jain, International Director, EY-UKAnkit Kumar, CEO, GoZero MobilityHarsha Lingam, COO, Global Business Inroads Siddharth Mukne, Associate Director, UKIBCMr.
The penetration of electric two-wheelers is projected to reach up to 15% by 2025 from 1% currently. Low to medium speed electric two-wheelers (up to 40 kmph) with lead-acid batteries currently dominate the market but demand for Lithium-ion battery models is expected to grow rapidly under government incentives and demand from bike and scooter rental
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