Current EV industry , EV in last mile delivery and SWOT of replacing fossil fuel to EV in Last mile delivery seg.
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CURRENT EV INDUSTRY IN INDIA: The global electric vehicle (EV) market is developing exponentially making itself the fastest growing industry with around 8.3% of the global share. The electric vehicle market has been on a path to positive growth and the year 2021 saw substantial sales, especially in the electric two-wheeler category in India. The total sales of electric two-wheelers, including high-speed and low-speed, in the 12-month period (January-December) in 2021 increased by 132% over the corresponding year 2020. The industry registered sales of 2,33,971 units against 1,00,736 units sold in 2020. POTENTIAL : As per the IANS recent report, Currently, India has more than 17 cr 2wheelers on road, consuming more than 9 cr liter petrol every day. These numbers are revealing the importance of E-mobility at a massive level in India. When we talk about the last mile delivery, the no of 2wheel delivery vehicles in India is currently 20 lacs + and is increasing proportiona...