New Normal life has begun with the most expected and unanticipated aspects for middle-class families. Among, one of the most common factors of discussion or to chase the number is the hike in petrol prices. Yes, whether it is the newspaper or an app on your mobile phone, the one thing that disappoints you is the regular increase in the petrol price. At the point where the common man is hoping for some relaxation in petrol prices, the automotive sector of India has come up with brilliant innovation and launched an option to run on the road i.e. electric vehicles.
Electric Vehicles in the Indian market were valued at USD 1,434.04 billion in 2021 and it is forecasted to reach USD 15,397.19 billion by 2027 (Forecasted Period:2022-2027, Source - MordorIntelligence). That directly shows registering a CAGR of 47.09%. These numbers are not only on paper, but you can check the growth rate just by witnessing the running e-scooters on the road. You can observe the ways electric scooters are heading on the road with updated technology, attractive designs, affordable rates, and eco-friendly nature.
Leading automobile companies are investing a major amount in research and launching of electric vehicles to mark their presence in the market while established players have already introduced the new models. While on the other side, the consumers are still in dilemma to figure out the best between the electric scooter or petrol scooter. So, let’s discuss its key benefits for you and India at large
Undoubtedly, technology is getting advanced at a very fast pace and now consumers' needs are beyond riding. They need a 360-degree perspective even to choose their vehicle. A vehicle that offers a safe, reliable, eco-friendly, and pocket-saving ride is none other than an electric vehicle. With the current trend, the automobile market is loaded with sleek, stylish, and budget-friendly electric scooters to cater Indian roads and making the conveyance easier and faster. So, make your choice smarter, go electric!