E-scooter segment in top gear
05 Apr 2021
The electric two-wheeler (E2W)
segment in the country has moved on to the fast lane, aided by government
subsidy, rising fuel prices, and a decline in the cost of lithium-ion
batteries. Several E2Ws launched in the past year are priced almost at par with
those running on internal combustion engines (ICE), which have traditionally been
the more affordable choice.
According to a recent report by
Motilal Oswal Financial Services, the two-wheeler segment has witnessed
considerable price inflation due to regulatory changes, and the cost to the
customer has risen by around 25% till January 2021, compared to April 2018. At
the same time, it adds, the cost of lithium-ion batteries has declined by about
24%. As per the report, e-scooters offer a 10-20% lower cost of ownership (on a
per km basis), as compared to ICE scooters (both 100cc and 125cc).
The full article was originally published on Financial Express - Brandwagon