Dear MEL Topic Readers,
A new scooter every 90 seconds. India’s EV revolution has begun
India is not just a home for 1.4 billion residents, but it is also the world’s largest market for two and three-wheeler vehicles, or motorcycles and tricycles. As public transportation still lags far behind the growing need for personal mobility, there are as many as 250 million such personal transportation vehicles on the road. But India is also known for poor air quality because of waste burning, coal-fueled power plants, biomass burning for cooking, and vehicle emissions. So, the government subsidizes the purchase and use of electric vehicles by narrowing the price gap with fossil-fuel wheelers. As people realized the economic benefits of going electric, sales of electric two and three-wheelers are surging. Now, there are a number of start-up e-vehicle manufacturers trying to take advantage of this golden opportunity. For example, an electric scooter manufacturer near Bangalore, India’s tech hub, produces a new scooter every 90 seconds. Once they’ve developed efficient and competitive production and marketing know-how, they would most likely go to other developing markets, just like Chinese e-vehicle manufacturers have been doing. Another seed and evidence of the global south.
Enjoy reading the article and learning about how India’s e-vehicle market is growing.
https://edition.cnn.com/2023/08/22/business/india-electric-vehicles-push-challenges-intl-hnk/index.html
India is not just a home for 1.4 billion residents, but it is also the world’s largest market for two and three-wheeler vehicles, or motorcycles and tricycles. As public transportation still lags far behind the growing need for personal mobility, there are as many as 250 million such personal transportation vehicles on the road. But India is also known for poor air quality because of waste burning, coal-fueled power plants, biomass burning for cooking, and vehicle emissions. So, the government subsidizes the purchase and use of electric vehicles by narrowing the price gap with fossil-fuel wheelers. As people realized the economic benefits of going electric, sales of electric two and three-wheelers are surging. Now, there are a number of start-up e-vehicle manufacturers trying to take advantage of this golden opportunity. For example, an electric scooter manufacturer near Bangalore, India’s tech hub, produces a new scooter every 90 seconds. Once they’ve developed efficient and competitive production and marketing know-how, they would most likely go to other developing markets, just like Chinese e-vehicle manufacturers have been doing. Another seed and evidence of the global south.
Enjoy reading the article and learning about how India’s e-vehicle market is growing.
https://edition.cnn.com/2023/08/22/business/india-electric-vehicles-push-challenges-intl-hnk/index.html
No comments:
Post a Comment