Are Indian States Ready To Achieve Their E2W Sales Targets?

- Advertisement -
  • Among India’s states, only Gujarat has achieved its E2W target.
  • Assam has set a target to achieve 10,00,000 E2Ws by 2026

In the Indian transportation sector, E-mobility has become a revolutionary step. Pollution and fuel dependency were the major issues in India. E-mobility provides a sustainable and environmentally friendly solution. The Indian government has taken several initiatives for EV adoption and a number of states have also made their unique electric vehicle policies.

While some states have set a segment-wise target, others have opted for an estimated electrification goal. However, despite these commendable initiatives, none of these states are on track to meet their EV targets.

Status of Indian States

JMK Research has shared a report, that mentioned a few states’ name and their agenda for the electric vehicles industry.  It can be seen from the chart above, for the Electric two-wheeler (E2W) segment,

- Advertisement -
  • Kerala aimed to have 2,00,000 E2Ws on the roads by 2020 with a quick rollout, but unfortunately, it couldn’t achieve this goal within the set time and missed the target.
  • Chhattisgarh aimed to deploy the highest number of E2Ws, approximately 1,70,000 in total. However, up until July 2023, the state has managed to accomplish only 27,127 of its intended targets.
  • Assam is significantly behind its target. The state had set a target to achieve 10,00,000 E2Ws by 2026, but as of July 2023, it has not even achieved 5% of its goal.

Among all the states of India, only Gujarat has achieved its E2W target. In fact, the set target was 1,10,000 E2W by 2025, and it reached a total of 1,19,448 E2Ws as of July 2023. Of all two-wheeler sales, EV’s in Gujarat now account for 5.38% of total two-wheeler sales.

Bihar is almost close to achieving its target of 24,000 E2W sales by 2024. The state has already achieved 81% of its target.

Certain states, including Rajasthan and Jharkhand, have set penetration targets based on percentages. While Rajasthan has been making notable progress in the adoption of electric three-wheelers, it is also aiming to excel in E2W adoption.

  • In September 2022, in its EV policy, Rajasthan had set a target of 15% for E2W adoption. The state has already achieved 6.6% of its goal within a very short period. The reason behind the achievement is the government’s support, the effective EV policy, and the fact that consumers in Rajasthan believe that the motivation behind purchasing E2W is the low running cost compared to ICE 2W.
  • Jharkhand announced its EV Policy in October 2022 and aimed to achieve a 10% share of E2Ws in the total number of newly registered two-wheelers in the state by 2027. However, as of July 2023, the state has only achieved 1.94% of its target.

Conclusion

The EVs provide significant benefits, including reduced greenhouse gas emissions and improved air quality. By adopting smart strategies, states can work together to accelerate the adoption of electric vehicles, reduce emissions, and contribute to a more sustainable and greener future. Also, states should formulate their strategies for a longer duration and that should align with national targets to last until 2030.

- Advertisement -

Most Popular Articles

Nitisha Dubey
Nitisha Dubey
Nitisha Dubey is a journalist at EFY. She focuses on startups and innovations with a deep interest in new technologies and business models.

Trump’s Return Might Boost India’s Electronics Manufacturing Prospects

0
Presenting India an opportunity to capture market share in electronics manufacturing, Trump’s return to the presidency may expand tariffs on Chinese imports, experts say. On...

Force Motors Goes Global And Enters EV Market

0
The manufacturer of vans and utility vehicles has hired E&Y to assist with business restructuring and the digital transformation of its entire value chain....

Tessolve Acquires German Chip Firm With ₹4B To Expand Global Reach

0
Ramping up AI, automotive, and data centre chip design to lead the semiconductor race, Hero Electronix subsidiary Tessolve aims to boost its global edge...
Samsung Chip

Samsung Shifts Strategy, Set To Quit LED Business

0
Following disappointing financial results and a loss of market edge, Samsung is exiting the LED business by 2030, shifting its focus to more 'promising'...

Hero MotoCorp To Launch Vida Electric Two-Wheeler In Europe And UK

0
Hero MotoCorp revealed its intention to enter the European and UK markets with its electric vehicle line, Vida, commencing in late 2025. At the...

“Adoption Of IoT-Enabled SMT Machines Is Still In Early Phases” – Pradeep Tandon, Director...

0
While electronics are becoming smarter through the Internet of Things, is electronics manufacturing following suit? Pradeep Tandon, Director for India, Middle East, and SAARC...
Dr Yashodhan P. Gokhale, Vice President for Battery Technology, JSW Energy

Charge Forward: High-Voltage Batteries And MSMEs Can Fuel India’s EV Revolution

0
A nuanced explanation of low- and high-voltage EV batteries by Dr Gokhale, Vice President for Battery Technology at JSW Energy, illuminates their advancements and...
Sanjay Gupta, CDO & Global Head of Engineering, L&T Semiconductor Technologies

Can MSMEs Contribute And Profit From The Semicon Boom?

0
Semiconductor manufacturing often requires significant investment, typically feasible only for governments or large corporations. But are there opportunities for MSMEs as well? We spoke...
N.P. Ramesh, COO and Co-Founder, Orb Energy

“We Ensured Customers’ Monthly EMI Would Be Equal To Or Less Than Their Electricity...

0
In a conversation with Nitisha from EFY, N.P. Ramesh of Orb Energy outlines the early financing challenges customers faced. He explains how Orb Energy’s...

“Government Policy Should Equitably Address All Electric Vehicles: Extend Subsidies To Retrofits Or Remove...

0
Aryaman Raghuvanshi from EFY engages with Pramod Narendra, Head of Brand Management and Retail Network at Starya Mobility, to explore the overlooked potential of...

Wireless Light-Based Communication With Velmenni’s Technology

0
Velmenni is at the forefront of wireless communication innovation with its pioneering light-based technologies, Li-Fi and LC Link. Founded by Deepak Solanki in October 2014...

Harnessing AI Technology For Efficient Pest Management

0
AI-Genix, an agri-tech startup, is transforming pest management for farmers through advanced AI-enabled systems that precisely target harmful pests. In an industry where pesticides and...

One Charger To Charge All Your Devices

0
Now, there is no need to carry different chargers for different products. This Bhubaneswar startup has launched a universal 65W charger using GaN technology...

Karnataka Government Initiative Promises ₹5M To Tech Startups

0
Boosting innovation and entrepreneurship across the state’s vibrant ecosystem, Karnataka launched Elevate 2024 and KAN, offering grants up to ₹5 million for startups. On Tuesday,...

CastNX Tech Startup Secures ₹232M For Power Electronics Growth

0
Eyeing to boost R&D and produce 100,000 variable frequency drives by 2026, Indian power electronics startup CastNX has secured ₹232.2 million from Plutus Investments. CastNX...

Industry's Buzz

Learn From Leaders

Startups