Tag Archive: electric two wheelers

  1. TUMI course: Electric Two- and Three-Wheelers: Steering the Mobility Revolution in the Global South

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    Source: TUMI

    Leading sustainable mobility implementation initiative, TUMI, introduces its 6 week online course which covers the growth of this mode of transportation worldwide, with a particular focus on emerging economies in the Global South.

    Available in English and Spanish, this extensive course has been created for mobility professionals, students and enthusiasts, aspiring to deepen their expertise on their global significance in the context of sustainable mobility solutions.

    It examines the increasing global popularity of electric two- and three-wheelers, especially focusing on the impact they have made in the Global South.

    The course will cover key topics including:

    • Understanding the multifaceted reasons behind electric two- and three-wheeler adoption.
    • Navigating diverse policies and regulations in the Global South
    • Exploring applications and service models
    • Technological advancements
    • Financial Strategies and Procurement Models
    • Sustainable End of Life Management

    More information about the course can be accessed on the TUMI website.

  2. India’s electric two-wheeler startups boom

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    India’s electric two-wheeler market is experiencing a surge in startups, climbing from 54 in 2021 to over 150 in recent times. This growth is partly thanks to government incentives aimed at promoting clean vehicles and reducing fossil fuel imports.

    Source: Techcrunch

    An analysis by Bernstein forecasts continued expansion, projecting annual sales of 15-20 million units over the next decade, marking a 15-20 times increase. This surge in startups has fostered intense competition, particularly in the mainstream segment, where 85% of the 65 models launched last year showcased high-speed capabilities, a departure from previous limited offerings.

    The average battery capacity of newly launched models has also seen a notable rise, from 2.3kWhr in 2022 to 3kWhr. India’s ambitious goals of achieving 30% electric vehicle penetration by 2030 and net-zero carbon emissions by 2070 are driving these developments.

    Key to this momentum is the government’s FAME II scheme, providing subsidies to buyers, being recently extended to 2024. Despite a reduction in subsidies in mid-2023, the number of electric two-wheeler companies continued to climb, reaching 152 by January 2024. Importers, particularly sourcing components or entire vehicles from China, have significantly contributed to this rise.

    While startups dominate the top ranks, led by Ola Electric, accounting for 39% of the market share as of January 2024, sales volumes remain concentrated among the top five players, comprising 85% of the market. Moreover, low barriers to entry, reliance on outsourced models, and readily available components characterize the industry landscape, with only half of the founders possessing engineering backgrounds.

    As the industry matures, the government is moving towards production-linked incentives (PLI) favouring domestic manufacturing. While established automotive giants have largely secured PLI benefits, only a handful of startups have qualified, potentially providing cost advantages to major incumbents.

    Looking ahead, Bernstein’s analysis anticipates room for five startups to emerge as significant players alongside established companies. Nonetheless, intense competition could temper industry profit margins and returns in the medium term.