The E-rickshaw Revolution – Oneplug.

On a global scale transportation adds up to 15 percentages of the total greenhouse gas emissions
and electric vehicles are a part of permanent solution to this problem. In different parts of the
globe authorities are trying to push people into switching their conventional private mode of
transport, whereas in India public transport facilities and auto rickshaws are in the main stream
of commutation. This is one of the reasons that encouraged Indian government to turn their
attention towards auto rickshaws and encourage them to go electric.

The efforts from the government have seen success as the statists from Frost and Sullivan ()
predicts that E-rickshaw segment in Indian will grow to 1 million units by the year 2025 from the
current count of 0.4 million. The sales records of 2018 also confirmed the same as India had
already overtaken china on grounds of E-Rickshaw sales. Currently out of all the EV market in
India E-Rickshaws covers around 80% and among which 72% of them are providing mobility
solutions to tire 2 and tire 3 cities.

It is not only the government that is interested in the segment, even the private player’s wants the
share of the pie as the Indian E-Rickshaw market is 1.5 billion dollar big. The interesting fact is
that a sizable chunk of the market share is with the local players and only a few notable giants
such as Mahindra, TVS, and Bajaj are testing the waters.

If a consumer (auto rickshaw drivers) perspective is taken into account studies have shown that
switching to an electric power vehicle have the potential to increase income by around 60-150%
as compared to regular cycle rickshaws. Coupled with flexible financing policies such as 10%
initial cost deposit and repayment over 24 to 30 months the electric revolution can create a
stable and high income stream for individuals at the lower strata of Indian economy.
Indian E-rickshaw industry also has a few hurdles before them that may threaten their growth
1. Extensive usage of rudimentary lead acid battery technology that need a replacement every 6-
8 months
2. Limited charging stations
3. Lack of infrastructure for extensive production, maintenance and research
4. Range anxiety among the customers
5. Limited awareness related to the cost advantages in the long run
But with the governmental support, public awareness programs and continuous technology
breakthrough such as long lasting lithium ion battery and swappable battery packs the future of
E-Rickshaws appear to be bright.