India’s EV revolution is driven from the bottom upTruck owners are intensely sensitive to the combined costs of purchase, refueling and maintenance — and manufacturers seem on the cusp of hitting their sweet spotBy David Fickling / Bloomberg OpinionLife moves pretty fast. E-rickshaws took a 54 percent share of India’s three-wheeler market last year, driven by zippy, longer-range models and running costs that are a fraction of petroleum-powered alternatives. Only about 1.4 percent of India’s gasoline and diesel is consumed by three-wheelers, but two-wheelers gulp down about 17 percent of the total. Trucks are normally seen as the hardest segment for electric vehicles (EV) to crack. When the EV revolution arrives in India, it would come from the bottom up.

Source: Taipei Times February 29, 2024 16:56 UTC