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Home Business

Record fuel cost drives scooters – Indians to opt for electric models

by Economy India
November 15, 2021
Reading Time: 1 min read
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SHARESHARESHARESHARE

It has been reported that At current prices, even the most fuel-efficient two-wheeler guzzles gasoline worth more than Rs 100 ($1.3) for a 100-km ride

The highest fuel prices in India’s history are spurring efforts to shift the nation’s ubiquitous motor scooters — which account for nearly 70% of local gasoline consumption — to electric models, along with a new pledge to hit net-zero by 2070, the company said.

At current prices, even the most fuel-efficient two-wheeler guzzles gasoline worth more than 100 rupees ($1.3) for a 100-kilometer ride, while an e-scooter can run the same distance at less than a sixth of that cost.

Companies like Hero Electric Vehicles Pvt. and Ola Electric Mobility Pvt., a unit of India’s biggest ride-hailing services provider Ola, are launching new two-wheelers priced around $1,000, roughly what the country’s top-selling gasoline motorcycles and scooters cost, the company said. (business-standard)

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