Demand Incentives Key for Greater Adoption of Electric Two-Wheelers: NITI Aayog

If demand incentives continue till FY 2031, electric two-wheelers sales could touch 22.02 million

June 29, 2022

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Electric two-wheelers sales could touch 22.02 million in financial year (FY) 2031 if battery costs reduce by 8% CAGR, vehicle power increases by 20% by FY 2024, and demand incentives continue until FY 2031.

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Arjun Joshi

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Demand Incentives Key for Greater Adoption of Electric Two-Wheelers: NITI Aayog

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