What are Things You Can Expect in Electric Two-Wheeler Industry in 2022

There are several aspects of the electric two-wheeler industry that will change in the years to come. The prices of EVs will be rationalized, government subsidies will be given, and the range of EVs will increase. In addition, the demand for EVs will increase. Listed below are some of the critical changes you can expect to see. Take one or all of these predictions with a grain of salt.

Prices of electric two-wheelers will be rationalized.

According to analysts, electric two-wheelers are expected to enjoy a significant price reduction over the next few years compared to conventional fuel-powered vehicles. Rising demand and an improved manufacturing base will lead to rapid scalability of the segment. Government incentives to promote electric vehicles will further help drive sales. In addition, new model launches are expected to come with improved specifications that rival ICE vehicles.

The rising government support for electric two-wheelers will lead to a boom in EV space, with many manufacturers launching new models with unique features and low-price tags. In addition, banks, NBFCs, and private leasing companies have begun offering affordable financing options for the electric two-wheeler industry. With these factors, prices are expected to be rationalized in the next two years.

Government incentives will be offered.

The government has announced new incentives for electric two-wheelers in the state of Maharashtra. These incentives will be given in the form of rebates up to Rs 10,000 per kilowatt-hour. In addition, all-electric two-wheelers will be exempted from road tax and registration charges in Maharashtra. The additional incentives for electric two-wheelers will further incentivize manufacturers to develop future technology at home.

Several manufacturers in the Indian two-wheeler industry have expressed their gratitude for the FAME II scheme. The Centre should continue the project. Charging infrastructure is crucial for the growth of electric two-wheeler sales in the country. Already, some manufacturers are implementing their own charging networks. However, the government should provide incentives to other manufacturers to join them. This will further drive the market growth of EVs.

The range of electric vehicles will be extended.

According to the U.S. Department of Energy, the range of electric vehicles is expected to double by 2022. As a result, consumers will be able to take longer trips before they have to recharge. In addition, EVs will be more convenient to drive because they require fewer stops. Additionally, these vehicles will reduce greenhouse gas emissions. Ultimately, they will reduce the cost of ownership. Range anxiety is a significant driver of electric vehicle sales.

After all, nobody enjoys running out of gas. Top e-scooters such as Gempai’s Astrid Lite can already pack a punch with the range of distance going to a decent 200km* on a full charge.

Increase in demand for EVs

The Indian motor industry is on the right track and has already surpassed the global target of 500,000 electric vehicles per year by 2030. However, the COVID-19 pandemic has slowed down the progress of the industry and dampened the demand for EVs in the overall market. The COVID-19 pandemic has led to a drop in the sales of electric two-wheelers in India.

With a government push towards electric mobility, several companies are moving toward building infrastructure and creating EV manufacturing facilities in India. Recently, ATD Group, a Noida-based diversified entity, and the SRAM & MRAM Group, a public health emergency management solutions provider, announced a joint venture to promote electric mobility in India. This joint venture has a plan to launch four electric two-wheelers in March and will import them from Malaysia.

Gemopai is a joint venture between Goreen E-Mobility and Opai Electric which is one of the largest manufacturers of electric vehicles in the world.