According to a study conducted recently by the strategic consulting and market research firm, BlueWeave Consulting India electric three-wheeler market has reached USD 636.9 million in 2020 and is anticipated to reach USD 1,845.1 million by 2027, at a CAGR of 16.3%, during the forecast period (2021-2027).

India Electric Three-Wheeler Overview

An electric three-wheeler comes with an electric motor instead of an internal combustion engine (ICE). It generates power by burning a mixture of fuel and gases. One of the most unique features of electric three-wheelers is that they can be plugged in by the driver to charge from an off-board electrical power source.

India Electric Three-WheelerVehicle Market: By Battery

Based on battery, the Indian electronic three-wheeler market is categorized as a lead-acid battery, lithium-ion-battery, and nickel-metal hybrid battery.

India Electric Three-Wheeler Vehicle Market: By Vehicle Type

Based on the vehicle type, the India electric three-wheeler is segmented into passenger carriers and load carriers. Passenger carriers include auto-rickshaws and carriers.