What's Hot

    IMF projects Indian economy to grow at 6.1% in 2023

    July 25, 2023

    Data | In Telangana, districts near capital have flourished, while those in periphery lag behind

    July 25, 2023

    Explained | Can the new data panel improve India’s statistics?

    July 23, 2023
    Facebook Twitter Instagram
    Facebook Twitter Instagram
    Invest PolicyInvest Policy
    Subscribe
    • Banking
    • Economy
    • Finance
    • Insurance
      • LIC
    • Investment
    • Market
    • Money
    • MF
    • More
      • Scheme
      • Property
    Invest PolicyInvest Policy
    Home Data | E-rickshaws to two-wheelers: The shift in the share of electric vehicles
    Market

    Data | E-rickshaws to two-wheelers: The shift in the share of electric vehicles

    InvestPolicyBy InvestPolicyJuly 18, 2023No Comments4 Mins Read
    Facebook Twitter LinkedIn Telegram Pinterest Tumblr Reddit WhatsApp Email
    Data | E-rickshaws to two-wheelers: The shift in the share of electric vehicles
    Share
    Facebook Twitter LinkedIn Pinterest Email

    KOLKATA, WEST BENGAL, 12/02/2014: Cheap ride The Tuk-Tuk has a price tag of ₹1.2 lakh, a running cost of ₹20 a day and runs 100 km on each electric charge.
    Photo: Ashoke Chakrabarty
    | Photo Credit: ASHOKE CHAKRABARTY

    The number of electric vehicles in India has surged from just 2,400 a decade ago to over 27.4 lakh as of July 2023. However, given the concurrent rise in the number of non-electric vehicles, the overall share of electric vehicles has still not crossed the 1% mark. Notably, there is also a wide inter-State disparity in the penetration of electric vehicles.

    There has also been a dramatic shift in the class of electric vehicles over time. In the initial years, between FY2015 and FY2020, when the number of electric vehicles was growing at a relatively slow pace, the share of e-rickshaws in the mix was much higher than the share of electric bikes. However, in the last four fiscal years, as the absolute number of electric vehicles has increased at a quicker pace, the share of electric bikes has surged and surpassed the share of e-rickshaws.

    Chart 1 | The chart shows the cumulative number of electric vehicles in India over time.

    Charts appear incomplete? Click to remove AMP mode

    As of July 14, 2023, India had 0.27 crore electric vehicles, 5 crore diesel vehicles, and 28 crore petrol vehicles. The share of electric vehicles was just 0.79%, with petrol vehicles forming over 80% and diesel motors contributing about 14.5%. The share of petrol/CNG hybrid (1.4%) was also higher than the share of electric vehicles, while with a 0.6% share, the petrol/LPG variant came close.

    Chart 2 | The chart shows electric vehicles as a share of all vehicles registered in a State as of July 14, 2023.

    Assam ranked first with a share of 2.2% electric vehicles, followed by Tripura (about 2%). Delhi, Bihar, Uttarakhand, Uttar Pradesh, and Goa had a share of over 1%. Among the major States, Himachal Pradesh had the lowest share with 0.11%, followed by Punjab (0.26%), Andhra Pradesh (0.40%), West Bengal (0.44%), and Madhya Pradesh (0.47%).

    Click to subscribe to our Data Newsletter

    Chart 3 | The chart shows the share of various types of electric vehicles over time.

    In FY16, the share of e-rickshaws in total electric vehicles was 92% with other types such as two-wheelers, three-wheelers (other than e-rickshaws), and four-wheelers forming the rest of the 8%. Notably, an overwhelming number of e-rickshaws were used to carry passengers, while a few had carts for carrying goods or garbage.

    Till FY20, there was no dramatic change in the share with e-rickshaws dominating with a market share of 82%. But the share of two-wheelers had started to rise by then. After FY20, the share of two-wheelers saw a drastic rise and peaked at about 60% in FY23, while the share of e-rickshaws came down to 32%. The latest financial year saw a small drop in the share of two-wheelers with the share of electric four-wheelers expanding beyond 5% for the first time. The share of electric three-wheelers other than e-rickshaws has remained below 5%.

    Chart 4 | The chart shows the State-wise number of electric vehicles which are not e-rickshaws on the vertical axis.

    The share of non-e-rickshaws among all electric vehicles is depicted on the horizontal axis. The size of the bubbles corresponds to the total number of electric vehicles. All figures are as of July 14, 2023.

    The shift in the mix of electric vehicles in India from e-rickshaws to two-wheelers was led by Maharashtra, Karnataka, Tamil Nadu, Gujarat, Kerala, and Rajasthan. These States have a relatively high number of electric vehicles. The majority of these are not e-rickshaws, but two-wheelers.

    On the other hand, in Uttar Pradesh, Bihar and Assam, e-rickshaws continue to dominate the share of electric vehicles. Therefore, these States do not contribute much to the shift.

    vignesh.r@thehindu.co.in

    Source: Vahan Sewa Dashboard, Centre for Energy Finance’s Electric Mobility Dashboard

    Also read: Explained| What is the technology powering hybrid electric vehicles?

    Listen to our Data podcast: How Turkey’s economic and political trajectory compares to India | Data Point podcast

    but the share in the total number of vehicles still remains below 1% e rickshaw eco friendly vehicles electric bikes electric cars electric four wheelers electric three wheelers electric two wheelers Electric vehicles electric vehicles sales increase in india hybrid cars hybrid vehicles increase in electric vehicles in india non-electric vehicle surge in electric vehicles in india Tesla The number of electric vehicles has surged
    Share. Facebook Twitter Pinterest LinkedIn Tumblr Telegram Email
    Previous ArticlePetrol, diesel sales fall as monsoon ebbs demand
    Next Article Data | The risk of small States’ heavy reliance on the Union government
    InvestPolicy

      Related Posts

      India to push G-20 to raise MNC tax share

      July 16, 2023

      Private sector share in investment sees sharp decline in Q1

      July 14, 2023

      India doubles its share of global commercial services exports between 2005 and 2022: World Bank & WTO report

      July 4, 2023
      Add A Comment

      Leave A Reply Cancel Reply

      Top Posts

      U.K. Chancellor of Exchequer Jeremy Hunt scraps nearly all government tax cut plans

      October 17, 2022

      All-round hike in interest rates after repo rate hike, check rates of major banks

      June 14, 2022

      Ashok Leyland can get 30% return, due to increase in profits 4 times, there is a strong rise in auto stock today

      May 23, 2022
      Advertisement

      Our main motto is to help our customers in making personal finance decisions easy and convenient as per their comfort. We are committed to provide accurate and unbiased information at your doorstep and keep it transparent among our customers.

      We're social. Connect with us:

      Facebook Twitter YouTube LinkedIn
      Top Insights

      IMF projects Indian economy to grow at 6.1% in 2023

      July 25, 2023

      Data | In Telangana, districts near capital have flourished, while those in periphery lag behind

      July 25, 2023

      Explained | Can the new data panel improve India’s statistics?

      July 23, 2023
      Must Read

      What is UTR Number in Phonepe and Google Pay? how to check

      March 1, 2022

      SECC data list, SECC Final List online download

      February 2, 2021

      How To Register on LIC Portal? – LIC Registration Process

      September 21, 2019
      © 2023 Invest Policy.
      • About Us
      • Contact Us
      • Advertise
      • Privacy Policy

      Type above and press Enter to search. Press Esc to cancel.