Niti Aayog and TIFAC Launch Report on Future Penetration of Electric Two-Wheelers in the Indian Market
Niti Aayog and TIFAC Launch Report on Future Penetration of Electric Two-Wheelers in the Indian Market NITI Aayog NITI Aayog and TIFAC Launch Report on Future Penetration of Electric Two-Wheelers in the Indian Market 100% Penetration by FY26–27 Forecasted in Optimistic Scenario; 72% by 2031 Where Current Incentives Are Withdrawn by 2024 प्रविष्टि तिथि: 29 JUN 2022 4:26PM by PIB Delhi NITI Aayog and TIFAC launched a report titled ‘Forecasting Penetration of Electric Two-Wheelers in India’, on 28 June. Using a tool made by NITI Aayog and TIFAC, eight scenarios have been developed for analyzing the future penetration of electric two-wheelers in the country. In an optimistic scenario, the report forecasts 100% penetration of electric two-wheelers in the Indian market by FY 2026–27. In another scenario, which is technology driven and where current incentives are withdrawn by 2024, the report predicts 72% penetration by 2031. During the launch of the report, NITI Aayog CEO Amitabh Kant said