1、Financing Indias Electric Two-and Three-Wheeler FleetsE X E C U T I V E B R I E FN O V E M B E R 2 0 2 2In collaboration with NITI AayogCover:deepblue4you,Getty Images Inside:Getty Images 2022 World Economic Forum.All rights reserved.No part of this publication may be reproduced or transmitted in an

2、y form or by any means,including photocopying and recording,or by any information storage and retrieval system.DisclaimerThis document is published by the World Economic Forum as a contribution to a project,insight area or interaction.The findings,interpretations and conclusions expressed herein are

3、 a result of a collaborative process facilitated and endorsed by the World Economic Forum but whose results do not necessarily represent the views of the World Economic Forum,nor the entirety of its Members,Partners or other stakeholders.Financing Indias Electric Two-and Three-wheeler Fleets2Two-whe

4、elers and three-wheelers account for over 80%of vehicle sales in India.Supported by government policies such as Faster Adoption and Manufacturing of Electric Vehicles(FAME),adoption of electric variants of two-and three-wheelers has been steadily rising in the past few years.There are about 45 certi

5、fied vehicle manufacturers of electric two-and three-wheelers in India in an otherwise consolidated auto market.Cumulative sales of these vehicles have reached an impressive 1 million units.However,this is still just 1 million out of Indias total two-and three-wheeler fleet stock of 250 million leav

6、ing immense room for sustained growth.Achieving 100%electrification of Indias two-and three-wheeler stock requires a capital allocation of approximately$285 billion.1Although electric vehicles(EVs)are costlier to purchase,their running cost is much lower.So,the more an EV is used,the cheaper it gets