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Category: Electric Vehicles

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E RickshawElectric Vehicles
by Madhubala Pillay0 Comments

E-Mobility Solution is not just purchasing EVs but lot more than that.

The Shift towards Electric Mobility Post-COVID-19

 In the wake of COVID-19, awareness around health, hygiene, and environmental sustainability has significantly increased. Communities are embracing these values as essential components of daily life. Businesses have responded by adapting their practices to prioritize safety and ecological responsibility. Among these adaptations, the emergence of electric mobility vehicles has become increasingly important. EV wagon manufacturers in India are offering attractive options for those seeking cost optimization while contributing to an eco-friendly business model.

 Why Electric Vehicles are Attractive Options

 With a focus on sustainability, electric vehicles (EVs) present a viable alternative to traditional fuel-powered transportation. The Indian government has implemented special incentives and initiatives that make EVs highly attractive for logistics and transportation. For instance, exemptions in taxes significantly lower the total cost of ownership, making electric rickshaws and battery rickshaws appealing choices for businesses.

 Optimized Logistic Solutions

 Many businesses currently lack their own fleet for logistics, often due to the complexities of fleet management. However, with the rise of e mobility vehicles, acquiring high-yield logistics solutions has become easier and more efficient. Transitioning from a fuel-based fleet to a zero-emission passenger e rickshaw or electric cart represents a transformative shift. These vehicles not only reduce operational costs but also eliminate harmful emissions from internal combustion engine (ICE) vehicles, making commuting more environmentally sound.

 For example, under new regulations, you could purchase Adapt Motors’ SWEEKAR model for just one hundred thousand rupees—substantially lower than any fuel-engine alternative, which incurs higher taxes and costs.

 Driving Down Your Carbon Footprint

The lower costs associated with EVs are just one reason to make the switch. With climate change being a pressing global concern, adopting a more sustainable vehicle is essential for reducing carbon emissions in India. The pandemic has heightened awareness of individual responsibility to contribute positively to society, further driving the implementation of electric mobility technology in businesses.

 The government is actively promoting the use of EVs to help achieve India’s sustainability targets. By utilizing the available incentives, businesses can lower their carbon footprints while demonstrating a commitment to environmental responsibility.

 Financing Your Electric Vehicle

 Deciding how to finance your new EV can initially seem daunting. Whether to buy outright or lease the vehicle requires careful consideration, and professional guidance can be invaluable in making this decision.

 

At Adapt Motors, we provide comprehensive support to help you navigate the EV landscape, including:

– Choosing the Right Vehicle: We ensure you select fully electric vehicles that meet emissions and range criteria, steering clear of hybrid models that do not qualify for discounted tax options.

– Financing Options: Whether you choose to lease, enter a Personal Contract Purchase (PCP), or buy the vehicle outright, we’ll help you understand the implications for your business.

– Infrastructure and Training: We assist in setting up the necessary infrastructure and provide training for drivers on vehicle usage and maintenance, optimizing mileage and efficiency.

 Now’s the Time to Switch to an EV

Choosing an electric vehicle as your company car is not just an investment in a vehicle; it’s an investment in a sustainable future. By opting for EVs, businesses can achieve significant cost savings while contributing to a cleaner environment.

Explore your options with Adapt Motors, where we specialize in high-spec, sustainable electric mobility vehicles. Our range includes both passenger and goods carriers, designed to meet your operational needs while supporting your commitment to sustainability. Discover our e mobility solutions today!

 

 

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Electric Vehicles
by Madhubala Pillay0 Comments

EV Sales Growth Powered By These Factors In India

  • Recently Union Minister Nitin Gadkari addressing a webinar on, “India’s electric roadmap post-COVID19” has said that India would transform itself as the manufacturing hub for electric vehicles in next 5 years. He was also certain that there would be rise in sales of electric vehicles.

The Indian automotive market comprises of 76% of 2 wheeler users i.e. 23 crores vehicles, thus it flaunts the potential penetrable market. In 2019, India has seen a record sale of 1.7 crores 2 wheeler.Now the question arises, how do Indians commute? Yes, your guess it right. The answer is Public Transportation. Let us understand the role play of the public transportation & their feasibility.

Everyday around 7 crores people commute in 1.7 lakhs local buses in the county. Approximately 1.5 crores people travel in local /metro every day. Almost 4-4.5 crores people use public transport for daily to & fro. Hence almost, 13 crores are still using some or the means of public transportation for their daily need.

Scenario: Post Covid19 lockdown.

As the country transitions to the unlock stage, the impact of COVID-19 remains significant. The pandemic has affected lives not just interms of health but also economically. The decision to unlock was aimed atalleviating the economic crisis, but the lingering effects of COVID-19 continue to pose challenges. In this new era, social distancing has become a critical focus, particularly when commuting, as buses and trains are often overcrowded,far exceeding safe capacity limits.

Implication of 2 Wheeler sales & electric mobility in particular

 

In this context, there is likely to be a rise in two-wheeler sales driven by the need for personal mobility. A study conducted by Frost and Sullivan indicates that segments such as battery rickshaws, electric rickshaws, and electric mobility vehicles (including passenger e-rickshaws and e-mobility vehicles are poised for significant growth, with projected sales of 40 lakh units by 2025. The study further suggests that 40% of scooters in India will be electric within the next 7-8 years.

Factors Driving Electric Vehicle Sales Growth:

1. Personal Commute Needs: The imperative for social distancing and the scarcity of public transportation options will encourage daily commuters to purchase or ease self-owned vehicles, including electric mobility vehicles. The shift in job dynamics and logistics will further amplify this trend.

 2.Environmental Consciousness: The pandemic has heightened awareness around cleanliness and a cleaner
environment. Many consumers, particularly youth and middle-class families, are increasingly inclined to choose electric
mobility technology over internal combustion engine (ICE) vehicles, aligning with their desire to contribute positively to society.

 3. Fuel Costs: Rising fuel prices due to international economic fluctuations may deter consumers from purchasing traditional fuel-based vehicles. Conversely, decreasing costs in renewable energy generation will make electric mobility vehicles more attractive, presenting a cost-effective and efficient alternative.

 4. Lower Income Segment: The lower-income group constitutes a significant portion of India’s population and represents a major market opportunity. Battery manufacturing for electric vehicles offers lower running costs, making them more accessible. A strategic approach from EV manufacturers to maintain competitive pricing can enhance market penetration among this demographic.

 Despite the challenges posed by COVID-19, the pandemic has fostered a greater awareness of societal wellbeing. The shift toward self-reliance and community welfare will likely reshape consumer behavior in the post-COVID world. Businesses in the electric mobility sector ,committed to promoting a greener society, are well-positioned for growth. New models of ride-sharing, peer-to-peer sharing, rentals, and leasing will further energize this burgeoning industry, paving the way for a more sustainable future
in transportation.