India policy move boosts growing electric two-wheeler market
Price incentives support shift away from petrol models in country’s largest vehicle class
New price-incentive policies are about to land on India’s large two-wheeler market. The impacts could be far reaching, dampening the country’s oil consumption growth and speeding up wider electrification. Moreover, if emissions guidelines—which do not yet govern the two-wheeler market—were to cross over from the automobile sector, that too could light a fire under electric two-wheelers, or E2Ws. “For two-wheelers particularly, the central government has recently increased its subsidy package to the consumer by 50pc, and several state governments are now matching with attractive incentives as well,” says Shikha Rokadiya, a researcher at thinktank the International Council on Clean Transportat
Also in this section
23 April 2024
Europe must unlock cross-border CO₂ trade if it wants to build a viable CCS sector for the long term
16 April 2024
US and European oil majors snap up smaller players and look to accelerate development in a region deemed to possess all the key elements for successful CCUS deployment
15 April 2024
Demand for credits seen rising 20% this year despite issues around integrity and standardisation
11 April 2024
Volatile allowance prices and small size of voluntary market undermine ability to drive investment, says Oxford Institute for Energy Studies