The stringent government norms to curtail environmental degradation and several incentives being offered in this regard are the prime reasons behind the increasing adoption of electric three-wheelers/rickshaws in India. Government initiatives, such as subsidies and tax refunds, help in reducing the cost of these rickshaws, which are otherwise quite expensive. This is why these government benefits go a long way in helping replace the conventional electric variants.
The Indian government, under its Faster Adoption and Manufacturing of (Hybrid &) Electric Vehicles (FAME) scheme, offers subsidies based on the model, within a range of $364 (INR 25,000)–$887 (INR 61,000). Moreover, the government is also enduring 60% of the research and development (R&D) cost for indigenous low-cost electric technology, which can be successfully employed in e-rickshaws. In response to government initiatives, original equipment manufacturers (OEMs) are heavily investing in the development of affordable and energy-efficient rickshaws, to broaden the array of electric rickshaw models.
According to P&S Intelligence, Delhi created tzhe largest demand in the Indian electric rickshaw (three-wheeler) market in the past. The adoption of these electric rickshaws in the city has significantly increased since 2013. This is primarily due to the increasing air pollution levels and the subsidy of INR 30,000 provided by the Delhi government on the purchase of electric rickshaws. Furthermore, the state of Uttar Pradesh is expected to witness a rapid proliferation of electric rickshaws in the future. This can be attributed to the increasing adoption of these rickshaws in the rural-urban fringe and Tier-1 and Tier-2 cities.
Therefore, the growing awareness about the implications of air pollution and increasing government initiatives to preserve the environment will drive the adoption of electric rickshaws in Indian states.
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