As per the report by the UN, electric Two-wheelers can help reduce carbon transmission by up to 40% in the atmosphere.
Based on several consumer surveys among EV and ICE owners, it shows that the majority of people acknowledge shifting towards an EV for environmental reasons.
Comprising 80% of the total vehicle sales between 2015 and 2021, Two-wheelers have the potential to pilot India’s tradition of zero emission. The presence of easily accessible EV charging stations and better quality equipment will further enhance mobility boosting the market for EV Two-wheelers.
Consumer awareness, better financing rates by the government, and more such interventions will bring the EV Two-wheeler market to the forefront in the near future resulting in minimum carbon footprints.
Credit Wise Capital offers affordable Technology driven Two-wheeler loans to customers. The company leverages an offline sourcing model along with new-age online sourcing with the aim to approve loans in 2 minutes.
