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Electric Vehicle Market: The Present Vs The Future

battery-operated e rickshaw distributor

E rickshaws are reliable, pollution-free, & affordable solutions powering the automobile market. Get an insight into the present and future of the market.

Positioned as an affordable means of public transport over short to medium distances, the e rickshaw dealers in Kolkata are witnesses to the growing use of vehicles. India is the largest market for two-wheeler and three-wheeler battery-powered vehicles which makes it uniquely suited for electrification. Amidst the industry-wide lockdown that prevailed in 2020, this is one of the few segments that grew at a healthy rate. 

Factors That Are Driving The Electric Rickshaw Market:

  • E-rickshaws are a low-cost variant of the three-wheeler market without an exact ICE (Internal Combustion Engine) counterpart. It varies in terms of design and specifications in comparison to electric autos. However, currently, e rickshaws hold a majority of the market. There are 80% of players from the unorganized category. 
  • Cargo e rickshaw manufacturers in Kolkata are of the view that passenger-carrying battery-powered vehicles will not only rule the present but the future as well. With high durability, large carrying capacity, and robust designs, these cargo e- rickshaws are proving to be highly beneficial. 
  • According to experts, the factor that drives last-mile connectivity is economics. And this the prime reason that led to the emergence of e-rickshaws. Even with the most expensive batteries, the expenditure on these vehicles is quite low. 
  • There are few states that are also handling out commercial permits only to e-3Ws. This is beneficial for most e rickshaw drivers as they get renewed opportunities to dive on main roads. 

What Does The Future Of E Rickshaw Have In Store For Us?

This mode of transport is now catering to a sizable portion of our population. In mega Indian cities, e rickshaws are meeting nearly 5% of the travel demand without degrading the environment. Additionally, in smaller cities, they meet 40-70 percent of the public transport gap. In the coming years, the market share of lithium-ion batteries is going to increase ten folds. This will further enhance the quality and capacity of the batteries.  The latest designs of e rickshaws will also fuel the growing trend and make the electric vehicle venture more profitable. 

Industry experts believe that with more daily rides, e-rickshaws are proving a more lucrative choice for short communications. With increasing energy concerns and surging fuel prices, electric vehicles are the best choice. It makes your small journeys more convenient. 


Being the leading battery-operated e rickshaw distributor in West Bengal, Plaudit always designs and brings the best products to the industry. Additionally, they cater to both your pre and post-sales requirements and guarantee proper replacements of spare parts.

The Future Of India’s Electric Vehicles Industry Look Bright

toto manufacturing company in Kolkata
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Toto manufacturing companies in West Bengal are gaining popularity, as citizens are shifting to a safer, pollution-free electric vehicles for transport within short distances. 

E rickshaws have become the most preferred mode of last-mile connectivity for most office goers. Especially in and around the crowded metro region. You will  be surprised to know that India is home to 1.5 million battery-powered electric rickshaws. It caters to nearly 60 million commuters every day for whom affordability is one of the major issues. Today, battery-operated e rickshaw distributors are high in demand for supplying superior quality vehicles in the market. E rickshaws not only form an essential part of mobility for the tier 2 and tier 3 cities like Lucknow, Patna, Udaipur but also are an eco-friendly alternative for tier 1 cities like Delhi, Kolkata, etc. 

What Does The Current Statistic Say About Electric Vehicles?

The best part of the electric vehicle industry is that the recent economic slowdown due to the Covid-19 pandemic did not affect the sale or manufacture of e-rickshaws.

  • The current statistics say that the country witnesses the sale of almost 11000 electric rickshaws. 
  • The annual sale of e rickshaws is expecting to increase by about 9 percent by 2021. 
  • According to BNEF, the government along with some private efforts will promote 2800 charging points for electric vehicles.
  • Nearly 98% of electric vehicles have been sold in the unorganized market. 

How Does The Future Of Electric Vehicles In India Look?

  • The global automotive industry is undergoing a cascade of changes according to electric vehicle manufacturers and distributors. Businesses are changing their service models and strategies. They are rolling out new effective plans that will cater to the changing dynamics of various organizations. 
  • This electric revolution will give way to lesser pollution and lead to a reduction in vehicular emission. There has been an increase in participation from major automobile players in the market. Also, there has been a constant policy push at the national level to boost electric mobility. 

Various schemes like the National Electric Mobility Mission Plan (NEMMP) 2020 and Faster Adoption and Manufacturing of Hybrid and Electric Vehicles (FAME) announced by the government. Which are in sync with the aspiration of an electric-only future for automobiles by 2030. 

The focus is also on the changing customer demands and requirements. So The more customer-centric the vehicle is, the better chance it has for sustainability. Thus e-mobility ecosystem consists of electric vehicles, charging infrastructure, e-mobility service providers, and the underlying safety regulations. 


Buy e rickshaws from the leading brand, Plaudit at the best price which is Hailed as the leading e rickshaw wholesaler, it supplies a wide range of e vehicles in the latest designs. You can also buy e rickshaw parts in West Bengal from them. The brand promises sturdy vehicles with guaranteed safety and easy maintenance.