Electric Two-Wheelers Sales In India Sees Decline Of 5.46 Per Cent In 2020
The electric two-wheeler industry has recorded a sales decline of 5.46 per cent in the last calendar year selling 25,735 units in 2020 as compared to 27,224 units sold in the same period a year ago. According to the Society of Manufacturers of Electric Vehicles (SMEV), the electric two-wheeler industry has been able to weather the COVID-19 pandemic by sales of high speed electric two wheelers in the January 2020 – December 2020 period, but the target of generating a sale of one million under the faster adoption and manufacturing of electric vehicles (FAME) 2 scheme still seems too ambitious. Commenting on the Industry sales figures, Sohinder Gill, Director General – SMEV said, “The FAME 2 scheme had some good points and laudable objectives but came with so many strings attached, most of them introduced prematurely or unnecessarily, that lead to the achievement of only 4 per cent of the stated targets. The scheme could not attract the customers to shift from the polluti...