Whalesbook
Electric vehicles (EVs) are dominating India's three-wheeler market, making up about 60% of sales this calendar year, far surpassing cars and two-wheelers. This rapid adoption is driven by lower operating costs, suitability for commercial last-mile delivery, government incentives like the FAME and PM E-Drive schemes, and a GST advantage. Investments have brought prices near parity with fossil-fuel models, making EVs a compelling choice for fleet operators and daily use.