"Electric Two - Wheelers segment of the Indian Electric Vehicle Market to grow at a profligate CAGR of 26.16% during 2018-2025"
Indian Electric Vehicle has been given right flip with the National Electric "National Electric Mobility Plan 2020" as the pollution levels in urban cities in India increase at a phenomenal pace. Subsequently, "Faster Adoption and Manufacturing of (Hybrid &) Electric Vehicles in India" Scheme is being implemented with effect from April 1, 2015.
Ministry of Power has set up Energy Efficiency Services Limited (EESL), a Joint Venture of NTPC Limited, PFC, REC and POWERGRID to facilitate implementation of energy efficiency projects and Electric Vehicles in India. Recently, (2017) a tender was floated for procurement of 10,000 with Tata Motors Limited with total value of US$ 175 Million.
The recently published Report by ANS MarketPro entitled “India Electric Vehicle Market 2018-2025: Analytics, Value Chain, Strategy, Investment and Competitor Mapping, By Type of EV Technology (BEV, PHEV, FCEV), By Type of Vehicle (Passenger Cars, Two-Wheelers, Three-Wheelers, Commercial Vehicles), By Charging Infrastructure (Normal Charging and High-Power Charging) and Geography” covers India’s EV market from strategic perspective for the incumbent and potential Industry players i.e. Original Equipment Manufacturers (OEM), Automobile Manufacturers, Battery Manufacturers, Policy formulators, et al.
The key for development of Electric Vehicle market is the public charging infrastructure which is slated to grow at CAGR of 47. 60 percent during 2018-2025. Majority of these public charging infrastructure is slated to come up in the Tier I cities in India.
The report brings out analysis of market size trends in Electric Vehicle market in India with focus on market volume and value, consumer behaviour, battery price trends, manufacturing capacity, technology trends, policy and regulations, charging infrastructure, supply chain analysis, Market Sales Volume and Value in terms of units sold/registered and financial analysis in the forecast period 2017-2025.
A Primary survey was conducted with industry experts (OEMs, component manufacturers and dealers), central ministries, state governments, State Transport Undertakings (STUs), Power Utilities, and end-consumers in different states in India. During the primary survey it was observed that Indian consumers are both value and affordability conscious.
A primary survey was also conducted with potential consumers a with a sample size of 25,000 about most commonly cited Barriers to purchase electric vehicles in Tier I,II,III, IV cities in India.
Bottom-Up approach was utilized to analyse India's EV market. Under this approach, market demand was forecast by adding region-wise market sales for a particular vehicle technology and vehicle type based on price, consumer behaviour, per capita income and policy factors.
Market supply of EVs and batteries in India was forecast for the period 2018-2025 by analyzing region-wise supply capacity build-up and capacity utilization. A general equilibrium model was utilized to arrive at likely demand, price and supply of EV’s in India.
Cost of manufacturing batteries was forecast based on Capex requirements and input costs and using Discounted Cash Flow Model by computing Return on Capital Employed as Weighted Cost of Capital in India’s automotive industry.
Key Features of the Report
Market Report Provides Comprehensive Analysis of:
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