2W mobility in India represents over 70% of all mobility in India and accounts for 60% of gasoline consumption. Motorcycle sales are twice the scooter sales in India. While scooters are seeing ~20% penetration of EV, motorcycles are at 0.1%. This implies that a very significant portion of 2W mobility remains untouched from electrifications.
The market is vast – The number of motorcycles in India is approximately 250 M and almost all are entirely petrol powered. Every year 20M new motorcycles are sold in India. Petrol’s share today is approximately 99.9%
Source: Clean Technica: Read The Article PSR Analysis. The most popular motorbikes in India are in the range of 100-125cc. These are the kind of class that electric motorbikes should be able to compete in; there are a lot of “125cc-equivalent” electric motorbikes around. The cost of purchase and the ease of charging are key drivers in the potential growth of 2W electric machines. PSR
Guy Youngs is Forecast and Technology Adoption Lead at Power Systems Research
