Скачать или смотреть Project Report on Electric Three Wheeler

India electric three wheeler market is projected to cross $ 1 billion by FY 2023.

The Indian electric rickshaw market is projected to reach 935.5 thousand units by 2023, registering a CAGR of 15.9% during the forecast period. The market has witnessed significant growth in the recent past, owing to rising environmental awareness, government incentives, and the implementation of stringent regulations to curb environmental degradation. In addition, the growing end-user affordability for electric rickshaws, declining Li-ion battery prices, and a relative increase in investments by manufacturers for the designing and development of more efficient and affordable rickshaws are expected to benefit the market growth during the forecast period.

Rickshaws of 1,000–1,500 W motor power contributed the largest revenue to the Indian electric rickshaw market during the historical period, accounting for more than 50% in 2017. This can be ascribed to the optimum benefit-cost ratio offered by these vehicles. During the forecast period, however, the market is expected to witness the fastest growth in the category of rickshaws of motor power greater than 1,500 W, as the demand for rickshaws with higher speed and range continues to rise in the country.

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Thank You
Ankur Gupta
Engineers India Research Institute
New Delhi, India
Website: https://www.eiriindia.org/
Email: [email protected]
Phone: +91-9289151047, +91-9811437895

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