Question

scope of the study of E- rickshaw​

Answer 1

Answer:

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India electric rickshaw market is expected to register a CAGR of 15.45%, during the forecast period, 2020-2025.

• With growing awareness on environment pollution, government incentives towards e-mobility and implementation of stringent emission norms have been few factors driving the market.
• Battery-powered rickshaw has been replacing cyclic rickshaw predominantly in North India, majorly across Uttar Pradesh, West Bengal, Delhi, and Bihar. In 2018, India had registered nearly 350 thousand unit sales, growing at an average rate of 20% annually since 2015.
• The intensity of competition in the market is high due to the presence of many regional players.
• Lack of charging infrastructure and battery-swapping stations across nationwide have been hindering the potential growth of EVs in the country. As of 2018, India had nearly 425 publicly available charging points. However, by 2022, government and private efforts are expected to boost the charging infrastructure to approximately 2,800 charging points.