In a study published by McKinsey, in financial year 2030, the demand for electric two-wheel vehicles in India was forecasted to reach around 8.2 to 9.2 million units. It is mainly driven by urbanization and migration, favorable governmental policies, lowered prices, and increased consumer readiness for e-vehicles.
Demand for electric two-wheel vehicles in India in financial year 2021, with estimates up to 2030
(in 1,000 units)
Characteristic
Two-wheel vehicles low estimate
Two-wheel vehicles high estimate
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McKinsey & Company. (July 17, 2020). Demand for electric two-wheel vehicles in India in financial year 2021, with estimates up to 2030 (in 1,000 units) [Graph]. In Statista. Retrieved September 14, 2024, from https://www.statista.com/statistics/1223481/india-demand-for-electric-two-wheel-vehicles/
McKinsey & Company. "Demand for electric two-wheel vehicles in India in financial year 2021, with estimates up to 2030 (in 1,000 units)." Chart. July 17, 2020. Statista. Accessed September 14, 2024. https://www.statista.com/statistics/1223481/india-demand-for-electric-two-wheel-vehicles/
McKinsey & Company. (2020). Demand for electric two-wheel vehicles in India in financial year 2021, with estimates up to 2030 (in 1,000 units). Statista. Statista Inc.. Accessed: September 14, 2024. https://www.statista.com/statistics/1223481/india-demand-for-electric-two-wheel-vehicles/
McKinsey & Company. "Demand for Electric Two-wheel Vehicles in India in Financial Year 2021, with Estimates up to 2030 (in 1,000 Units)." Statista, Statista Inc., 17 Jul 2020, https://www.statista.com/statistics/1223481/india-demand-for-electric-two-wheel-vehicles/
McKinsey & Company, Demand for electric two-wheel vehicles in India in financial year 2021, with estimates up to 2030 (in 1,000 units) Statista, https://www.statista.com/statistics/1223481/india-demand-for-electric-two-wheel-vehicles/ (last visited September 14, 2024)
Demand for electric two-wheel vehicles in India in financial year 2021, with estimates up to 2030 (in 1,000 units) [Graph], McKinsey & Company, July 17, 2020. [Online]. Available: https://www.statista.com/statistics/1223481/india-demand-for-electric-two-wheel-vehicles/
