EV share in total two-wheeler volumes may rise to 10% by FY20251 min read . Updated: 14 Jun 2021, 02:05 PM IST
- ICRA said electric two-wheelers are likely to see 8-10% penetration, in terms of new vehicle registrations, by FY2025 and recent changes will help in achieving those targets
New Delhi: Penetration of electric vehicles in the two-wheeler segment could increase to 10% or more of the total volumes by FY2025 on account of reducing price gap with combustion engine vehicles and increase in government subsidies, said analysts at brokerages and credit ratings firms.
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