The two-wheeler market in India is among the fastest-growing sectors. Indian find two-wheelers to be affordable and convenient for everyday commutes. According to IMARC Group, the market size of the same has ballooned and reached approximately 18m units as of 2022. With time and various technological progressions, the two-wheeler automotive market has evolved drastically. The innovation of electric vehicles is one of the biggest examples of such. 

The concept of electric vehicles has been adopted by the Indians with open arms. As the demand for two-wheelers in India is sky-high, the market size of electric bikes in India is enhancing at a high pace. According to Businesswire, during the period of forecast, the market of electric two-wheeler is estimated to expand at 29.07% CAGR and reach $1028.04m by the end of 2028. This shows that a significant number of people are switching from petrol bikes to electric counterparts. There are several reasons why EV scooters in India are becoming popular, two such are the decreasing air quality and changing climate conditions. With the changing time electric scooters have become the talk of the nation, however, is it really the correct time for adopting an electric two-wheeler is something we will discuss in this blog in detail. 

The electric scooter technology has been introduced a long time back but got popular in the last few years. As per Business Standard, as of October 2022, the booking of electric two-wheeler has reached new heights and touched around 68324 units. This shows an increasing number of people are switching to electric bikes in India. There are several reasons which have helped in electrifying the roads of India. Yes, it is the best time to own an electric bike in India primarily because of two reasons consistent support from the government and the advancement of technology. 

Government assistance 

One of the main reasons behind this being the correct time for adopting EV scooters in India is the immense support provided by the Indian government. Both the central and state nodal government is concerned about the increasing air pollution and climate change. Therefore, as an initiative, the government supports buying EV scooters in India so that the carbon footprint of the nation decreases significantly. In India, two kinds of transportation are very popular, public transportation and two-wheelers. Therefore, to manage the pollution levels the government is focusing on replacing the ICE vehicles of government transportation with electric motors and secondly encouraging people to adopt electric two-wheelers.

It is because of this both the central and state government initiated several tax benefits & subsidies for people. FAME is a popular subsidy provided by the government to residents interested in buying EV scooters in India. Electric scooter and bike are comparatively more expensive than their petrol counterparts, therefore, to remove the burden of heavy upfront cost to an extent the government provide certain subsidy to the owners.

The government offers financial support not only to the consumers but also to the manufacturers to electrify the automotive industry of the country. Apart from the central government, several state governments have undertaken eminent monetary initiatives to uphold electric vehicles in India to solve the problem of pollution. Delhi, the capital of the nation suffers from grave air pollution problems, to overcome the issue the government support the green revolution of electric bikes. The state provides monetary aid to customers to ride sustainably. It gives customers purchasing electric scooters around ₹5000 allowances on every battery capacity and waves off around ₹30000 on registration fees and road tax for them. Therefore, with such huge monetary help from the government, it can be stated that this is the best time to adopt EV scooters in India. 

Technological advancements

Electric scooters are sensible replacements for petrol scooters which have been present in the market for years now. Hybrid electric scooters were first introduced in the market which could operate in both electric motor as well as on and an engine which requires fuel. However, initially, electric bikes were not as efficient as at present times and lagged in several areas.

With time and various technological advancements, fully electric bikes in India were introduced which are also known for their performance. Initially, EV scooters in India faced several issues with their specifications like low speed, insufficient battery pack, longer time to charge and many more. However, with the help of constant progress in technology, these issues are solved and several electric bikes with high speed, performance, longer battery life and fast charging speed are introduced. Technological advancements have led to the availability of a variety of good options in the market, therefore, it can be accurately stated that buying an EV scooter in India now is the most sensible move. 

Cost of EV scooters in India

The cost of electric scooters is comparatively higher than the petrol-powered ones which have hindered its sale for quite a long now. However, the reason behind it being expensive is because of its use of battery and other advanced technology. The initial high price of EV scooters in India has witnessed a significant decline. As the demand for electric bikes is increasing the prices of such are said to decrease due to the inception of modern technologies which have reduced the prices of battery packs and lowered the cost of EV manufacturing. Several manufacturers are functioning in the EV sector which has led to the provision of competitive prices. As a result of the increasing competition and technological advancements, the cost of EV scooters in India has become comparatively cheaper making it the best time to buy an electric bike for yourself. 

Rising petrol crisis

As the name suggests, petrol-powered scooters require petrol to operate. Petrol is a type of fossil fuel which is non-renewable in nature and soon subjected to go extinct. With the rising demand for petrol and its crisis, the price of such has skyrocketed, significantly enhancing the running cost of petrol scooters. EV scooters in India are a suitable alternative which helps in saving both money and the environment. Electric scooters operate on electric motor and battery which requires charging to operate and not petrol. Therefore, it is the best time to adopt an electric bike as it will help you avoid the sky-high petrol price and also protect the environment by minimising your carbon footprint. 

Apart from the price, technology and governmental aid, there are several other reasons which prove that it is the correct time to adopt an electric scooter. The petrol scooters require regular maintenance to perform optimally and avoid any accidents. This is because its internal combustion engine comprises several moving parts while the electric counterparts require minimum maintenance. This is because the electric motor of their engine possesses fewer moving parts and lithium-ion batteries which can be replaced easily. Therefore, adopting an electric bike can help in avoiding expensive servicing bills at regular intervals. 

Further, electric bikes produce lower emissions unlike their petrol counterparts making them a sustainable option to ride. Petrol bikes are a significant contributor to decreasing quality of air and combustion of the fossil fuel lead to serious environmental hazards and public health conditions. Adopting an EV scooter in India can solve this issue strategically and contribute towards a sustainable world. It is the best time to adopt an electric scooter in India both from economic and sustainable sides. Riding responsibly and sustainably is very important as such can have a greater impact on tomorrow. Electric bikes are the future of riding and therefore, it will be smart to switch to them now as you can gain the maximum benefits possible from the government.