Electric Two-wheelers Subsidies Must Continue Till 2031: Niti Aayog
NEW DELHI: Government’s public policy think tank Niti Aayog launched a new report forecasting the penetration of electric two-wheelers (E2W) in India. Using an agent-based modelling technique for a bottom-up analysis of possible scenarios of electric two-wheelers, Niti Aayog highlighted that sales of electric two wheelers can touch 220.15 lakh in FY31, if battery costs are reduced by 8% CAGR and vehicle power should increase by 20% by FY24. Another key metric to fuel this demand, according to Niti Aayog, is that the…