The Society of Manufacturers of Electric Vehicles (SMEV) has reported a significant rise in electric 2-wheeler sales in India in the fiscal year 2022-2023. According to their report, sales have risen over 2.5 times to reach an impressive 8,46,976 units, a substantial increase compared to the previous fiscal year.
This surge in sales can be attributed to several factors, including increased awareness and interest in eco-friendly modes of transportation, government incentives and subsidies, and the development of more advanced and affordable electric 2-wheelers by manufacturers.
SMEV has been actively promoting the adoption of electric vehicles (EVs) in India for many years, and their efforts are now showing visible results. The organization has been working with various stakeholders, including the government, EV manufacturers, and consumers, to promote the adoption of EVs, especially electric 2-wheelers, which are more affordable and accessible than other EVs.
In recent years, the Indian government has also taken several initiatives to promote the adoption of EVs in the country. The government has announced various incentives and subsidies for EV buyers, including lower GST rates, tax exemptions, and subsidies for EV charging infrastructure. These initiatives have encouraged many consumers to switch to electric 2-wheelers, which are more cost-effective and eco-friendly than traditional petrol or diesel-powered vehicles.
Moreover, the advancement in technology has led to the development of more advanced and affordable electric 2-wheelers by manufacturers. The availability of electric 2-wheelers with improved performance, longer-range, and faster charging has made them more attractive to consumers.
The rise in electric 2-wheeler sales is not only good news for the environment but also for the Indian economy. The adoption of EVs can help reduce the country’s dependence on oil imports, create new job opportunities in the EV industry, and reduce air pollution and greenhouse gas emissions.
In conclusion, SMEV’s report on the staggering rise in electric 2-wheeler sales in FY23 in India is a significant milestone in the country’s journey towards cleaner and more sustainable transportation. With continued efforts from the government, industry, and consumers, we can hope to see even more impressive growth in the adoption of EVs in the years to come.
