EV sales more than double in 2021

  • Sales of electric two-wheelers (E2W) in India increased by 132% year-on-year (YoY) in 2021, the Society of Manufacturers of Electric Vehicles (SMEV) said in a new report published on January 6.

  • A total of 233,971 electric two-wheelers were sold during the year as compared to 100,736 a year ago.

  • Hero Electric with 34% of the market share was the top seller of registered electric two wheelers in India in 2021. Okinawa (22%) and Ather (12%) were the other two companies with double-digit market share in the top ten.

  • The high-speed electric two-wheelers that can go beyond 25kmph and require a full licence to operate, grew at an even higher 425% YoY as compared to low-speed counterparts which grew only by 24%.

  • Low-speed electric two-wheelers can muster speeds under 25kmph and require no licence or registration.

  • According to SMEV, low-speed electric two-wheelers were in demand until 2020 and accounted for 70% of all sales. However, interest in it has waned in 2021, especially in the October-December quarter when its market share dropped to less than 15%.

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