Applications

Applications

Electric Vehicles | Light Transport

Electric Vehicles | Light Transport

2 Wheelers are the vehicle for decarbonization in several Asian markets Two wheelers (scooters,motorcycles, mopeds) are defined as vehicles capable of going at speeds greater than 25 kmph. An alternate definition is L-category vehicles with 2 wheels as defined by UNECE. Two Wheelers are the primary mode of personal transport in China, South and South-East Asia but account for <5% of global emissions But Indian and Chinese cities feature prominently in the list of world’s most polluted cities. and ICE two wheelers are a major contributor to worsening air quality in these cities. Two wheelers are also a major opportunity as the cumulative market size is 50 million units (if all two wheelers became electric). E2Ws are also on a swifter path to zero emissions. The total cost of ownership (TCO) of electric two wheelers is already better than ICE in the largest market in India, aided by government incentives and in China the up front cost of a E2W is at par with ICE. Countries like Vietnam and Indonesia have not achieved TCO parity yet but have a growing E2W market. Source: McKinsey, TIME, BNEF, Blume, ICCT, BCG, IQAir

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