Electric vehicles sales in India to touch 10 lakh units in 2022: SMEV
SMEV expects electric vehicle sales to be around 10 Lakh units this year. This is equal to what was the sale in the last 15 years collectively. In 2021 the sale of electric two-wheelers (electric scooters and bikes) jumped over 2,33,971 units in India while in 2020 it was 100736 units, this is confirmed by SMEV.
According to SMEV, the increased demand for high-speed electric two-wheelers would drive EV adoption in India.
In the entire EV journey from the last few months, there are golden days that we have not seen before. In the last 15 years, the collective sale of electric two-wheelers, e-cars, e-three wheelers, e-buses is 1 million, and now the same 1 million units are expected in just one the year 2022 According to SMEV Director General Sohinder Gill.
Nowadays many users started shifting in large numbers from petrol two-wheeler to electric two-wheeler due to lower running cost, very low maintenance from a future perspective.
According to SMEV(Society of Manufacturers of Electric Vehicles ), high-speed electric two-wheelers (E2Ws), which have a top speed of more than 25 km/h and require a complete licence, grew by 425 percent from 27,206 units in 2020 to 1,42,829 units in 2021.
In reality, SMEV reported that sales of low-speed E2Ws fell in the last two quarters of 2021, with the company’s market share falling to less than 15% in the last quarter of October-December 2021, compared to more than 70% in the previous years. The FAME 2 programme does not provide subsidies for this low-speed E2Ws.
India is likely to have goods across all sectors, including e-scooters, e-motorcycles, and e-cycles, from significant and organised companies in the next two to three years, according to Gill.
According to SMEV, Hero Electric was the top high-speed E2W player by sales in 2021, with 46,214 units, followed by Okinawa with 29,868 units, Ather 15,836 units, Ampere 12,417 units, and Pure EV 10,946 units, according to VAHAN statistics.
