Catalysing the Market Transformation of Electric 3-Wheelers in India
In India, three-wheelers (3Ws) are the most dominant mode of transport for last-mile connectivity. Many companies, such as e-commerce, pharma, textile, retail, poultry, dairy, etc., prefer 3Ws for last-mile connectivity due to their excellent maneuverability and low operating cost. Electrification of three-wheelers has emerged as a necessity to provide a green and clean last-mile ride. The government has introduced several policies and plans to increase the pace of EV adoption among consumers. However, 3W electrification faces various financial, operational, manufacturing, and safety challenges.
The whitepaper aims to identify pathways for a market transformation for electric three-wheelers in India. The whitepaper facilitates the increased adoption of E3Ws in India by examining the perspectives of consumers and stakeholders involved in the E3W ecosystem – fleet operators, financial institutions, dealerships, and service centres. The recommendations presented in the whitepaper focus on topics ranging from consumer perceptions and demand incentives to addressing product issues such as awareness, servicing, safety, and other related topics.