Demand for electric two-wheel vehicles in India FY 2021-2030

Published by
Shangliao Sun,
Aug 18, 2022
In a study published by McKinsey, in financial year 2030, the demand for electric two-wheel vehicles in India was forecasted to reach around 8.2 to 9.2 million units. It is mainly driven by urbanization and migration, favorable governmental policies, lowered prices, and increased consumer readiness for e-vehicles.

Demand for electric two-wheel vehicles in India in financial year 2021, with estimates up to 2030 (in 1,000 units)

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Release date

July 2020

Region

India

Survey time period

FY 2021

Supplementary notes

India's financial year begins in April and ends in March. For example, FY 2020 started in April 2019 and ended in March 2020.

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