Electric Three-Wheeler Market Future Forecast 2018 – 2025 | Latest
Research Analysis by BlueWeave Consulting & Research Pvt Ltd.
According to a new market report published by BlueWeave Consulting, The India Electric
Three-Wheeler Market is expected to expand at a CAGR of over 15% from 2018 to 2025,
end of the forecast period.
Growing need to curb the air pollution levels and the rising incentive schemes by
the government is mainly driving the Indian electric three-wheeler market
Growth in the market is led by the increasing need to curb the air pollution levels and the
rising incentive schemes by the government to support manufacturing as well as use of
electric three-wheelers. Moreover, consistently increasing affordability of electric three-
wheelers is also boosting their adoption across the country. Increasing investments by
electric vehicle manufacturers to develop more advanced, efficient and affordable electric
three-wheelers is likely to fuel growth in India electric three-wheeler market in the coming
years.
The auto industry in India is one of the largest automotive industries globally. The
automotive industry accounts for more than 8% of the country’s GDP. The three-wheeler
segment is the second fastest growing industry after two-wheeler. Walking or cycling for
longer distances is not possible, thus more demand for electric three-wheeler vehicle like e-
auto rickshaws are surging. Government’s initiative to provide e-rickshaws for convenient
and pollution free transportation is another major reason for the growth of the market.
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Scope of the Report
The India Electric Three-Wheeler market is segmented on the basis of vehicle type, battery
type, and battery capacity. On the basis of vehicle type, the market is segmented into
Passenger Carrier and Load Carrier. On the battery capacity basis, the market is segmented
into <101Ah & >101Ah. Based on battery type, the market is divided into Lead Acid
Battery, Lithium-ion Battery and Nickel Metal Hydride Battery.