How Electric Two And Three Wheelers are Transforming last Mile Delivery?

Electric two & three-wheelers, which make up more than 28% of India's EV enterprises and are revolutionizing the country's last-mile transportation sector, are among the promising alternatives that have arisen.

Increasing government assistance through tax breaks and subsidies, as well as rising demand for energy-efficient commuting. Thus, these factors propel the market expansion. In addition, according to a research report by Astute Analytica, the Global Electric Two & Three Wheeler Market growing at a compound annual growth rate (CAGR) of 14.2% over the projection period from 2022 to 2030.

Electric Two and Three Wheelers Transforming Last-Mile Delivery

Support for Daily Life

Drivers' livelihoods, particularly those in the unorganized sector, have been significantly impacted by Electric two & three-wheelers. They can be used for both passenger and cargo transportation, and they provide an economical way of traveling for short distances. Due to its lower initial cost compared to typical auto-rickshaws, e-rickshaws have emerged as a viable choice for those looking for freelance work or an additional source of revenue. The viability of this method of transport has been further increased by the existence of an infrastructure for electric charging.

Intense Urbanisation

Rapid urbanization, in which cities grow and tier-II and tier-III cities are created by absorbing nearby villages and towns. However, this emigration trend has negatively impacted urban dwellers' quality of life, making it difficult for them to access last-mile connectivity. In most Indian cities, electric three-wheelers offer the most affordable last-mile transit option. In recent years, electric three-wheelers have proliferated in India, promising low cost, security, safety, and enjoyment on three wheels.

Favorable Policies and Infrastructure

The government has actively promoted the use of electric vehicles, particularly EV three-wheelers, through several laws and incentives. The FAME program lowers the price of EVs By offering purchasers financial incentives. The government has also set lofty goals for electrification, hoping to have a sizable share of the nation's fleet of vehicles powered by electricity by 2030. As a result, they urge investors, manufacturers, and consumers to take part in the EV ecosystem, further accelerating the adoption of EV three-wheelers.

Commercial and Environmental Advantages

Electric vehicles have lower maintenance costs due to their lack of moving components and seldom need oil changes. Additionally, since the cost of energy is often less than the cost of petrol, refueling costs are decreased. With the Indian government's initiatives to encourage EV adoption through subsidies and tax incentives, the initial price tag on EV three-wheelers becomes even more alluring for drivers.

EV three-wheelers are revolutionizing last-mile transportation by providing a viable, affordable, and environmentally responsible means of transportation. The widespread use of electric three-wheelers has improved many people's lives by reducing pollution and carbon emissions while also opening up job opportunities.

Electric two & three-wheelers have substantial environmental advantages compared to their conventional gasoline-powered equivalents. They create zero tailpipe emissions, which improves air quality and reduces pollution, particularly in heavily populated urban areas. India can dramatically lower its carbon footprint and fight climate change by switching from conventional to electric automobiles.