ELECTRIC TWO WHEELERS GROWING FAST IN INDIA: A SUMMARY OF INDIA’S ELECTRIC TWO-WHEELER MARKET TRENDS, OPPORTUNITIES AND CHALLENGES

India today, is among the fastest growing economies globally and will soon become the world’s most populous country. Even though road transport expansion and improvement has served as a catalyst for socio-economic development, it has unleashed several negative environmental problems in India, making it the world’s second most polluted country. Air pollution is the major cause of the deteriorating health conditions of the people. Road transport presently accounts for 12% of India's energy-related CO 2 emissions and is a key contributor to urban air pollution. Electric vehicles are the key technology to decarbonize road transport. Due to the significant growth in population, increased environmental concerns, and rising fuel prices, there is a growing desire for economical and sustainable transportation solutions, and Electric Two Wheelers (E2W) are the best-suited option. This research paper aims to provide a comprehensive analysis of the electric two-wheeler market in India with focusing on the key opportunities and challenges being faced by it currently. Through this paper we can closely examine the growth trajectory and the factors driving the expansion of the E2W market as well as the hindrances in reaching its potential. A close examination of the key trends, regulatory measures and technological advancements made in this sector provides a clear insight into the future prospects of the two-wheeler market in India.