The electric two-wheeler revolution in India has gained momentum over the past few years. EV sales in the nation for the year 2021 witnessed a staggering 132% increase, showcasing the sector’s potential for performance in 2022. The switch to EVs has been incentivized further by beneficial Government policies for the manufacturers as well as the consumers. This shift comes at an optimal time when the global market seems to lean more towards EVs. Europe, the USA, and China share a primary chunk of the market, with India being a promising addition with a lucrative upcoming market.
With the addition of multiple new models in the market from old players and new, consumer psychology is experiencing a transformative shift toward EV adoption.
Reasons for a shift towards EV
- Environment Friendly
The global outcry for the protection of the environment and energy conservation is a major contributing factor to the development of EVs that offer a greener future for humanity. Electric vehicles are considered an effective way to improve air quality. EVs are 97% cleaner than their IC counterparts and do not produce any harmful emissions. India, being the third-largest consumer of energy after the US and China, is actively promoting a cleaner and greener environment.
- Fuel Efficiency
With the steep increase in petrol and diesel prices by around 16%-20% over the past years, the savings granted by EVs on fuel costs are phenomenal. Long-term fuel savings outweigh the comparably high costs of EV maintenance and batteries. A full range after a few hours of charging also saves the hassle of long waiting times in queues at fueling stations. Manufacturers providing a long-term estimation to consumers about their future savings is also a major factor in consumers shifting towards EVs.
- Technology
A battery-powered platform allows a host of interesting and useful features to be installed in EVs. Live location, GPS, Bluetooth connectivity, and reverse gears are appealing features for consumers to have in an EV. Features like these make commuting easier for consumers than traditional IC two-wheelers.
- Government Subsidies
The Indian Government is rewarding environmentally conscious citizens with favorable policies, reduction of GST, and subsidies like FAME 1 and FAME 2 that make switching to EV lucrative for consumers.
- Low Maintenance
EVs have a simple set-up of just a battery and a motor. This assures smooth running as compared to a traditional IC vehicle and eliminates the risk of complex breakdowns related to the engine oils, filters, sprockets, etc. This makes EVs an enticing option for the cost-conscious consumer.
- Ease of riding
Electric scooters have 0 noise and vibrations that give the rider a smooth and pleasant ride to their destination. High-speed electric scooters also pack considerable torque and bhp for a thrilling riding experience in the city.
Final Thoughts
According to the recent trends, the overall sentiments of the consumer market toward EVs are favorable. The evolving mindset of consumers is beneficial to the growth of the EV sector. EVs are set to be the mainstream mode of transport after a few years, and the current problems will also be solved.
iVOOMi is a reputed Indian manufacturer of high-speed and long-range electric vehicles. Our power-packed EVs are designed for environmentally-conscious consumers who care about their carbon footprint and the future of our country. We have a wide selection of exciting electric scooters if you are thinking of switching to EVs.
