But that's not the case for two-wheelers.
Scooters and bikes adorn the streets in large numbers. In fact, the total two-wheeler sales in January 2023 were at 11,84,279, an increase of 3.8% compared to the previous year.
Bikes and scooters offer a reliable way to combat traffic and help people reach their destinations in time. Even with rising petrol prices and stagnant incomes, the two-wheeler market did not take a massive hit.
The rising two-wheeler market in India is a good sign for budget electric scooters. With proper marketing and advertising, they have the ability to gain immense popularity.
Here's a look at the present and future of electric scooters, trends and innovations that promise to uplift the market for electric scooters.
Present Trends Responsible for the Growth of the Electric Scooter Market
During the initial days of electric scooter launches, the news about their problems and defects spread like wildfire. But with constant improvements, e-scooter dealers have created a strong position in the market.
The progress in the market has given rise to finished products like the Lectrix LXS. Complete with a sporty look, a rapid charging time, and a range of 89 km, this scooter is proof of the advancements in the e-scooter space. It also offers a host of features with 25-litre storage space and device charging facilities.
Besides the advent of modern e-scooters, here are some factors responsible for the growth of the electric scooters market:
Did you know that approximately 20% of carbon dioxide emissions are a result of excess two-wheelers in India?
Understanding the severity, the government has launched several initiatives to popularise electric scooters. Here are some government-initiated benefits to promote the sale of electric scooters:
Fuel prices have been hovering around the ₹100 per litre mark for the past few years. This has compelled individuals to look for alternatives. In fact, a study from McKinsey concluded that the demand for electric scooters in India will reach a staggering 8.2 to 9.2 million by 2030.
Daily commutes have turned more expensive, forcing people to look for cheaper alternatives. And when e-scooters like the Lectrix LXS boast of a minor running cost of ₹0.12 per km, it is difficult not to get tempted.
Opportunities and Upcoming Trends in the Electric Scooter Market
Diverting away from traditional fuel-based internal combustion engines (ICE), the spotlight is on the electrical two-wheeler market. Here are a few upcoming trends that will make the future of electric scooters more appealing:
Increased Investment in Research & Development
Companies like Hero MotoCorp have established dedicated R&D centres to study emerging technologies and make two-wheeler electric vehicles more lucrative. The aim is to introduce features that enable seamless accessibility and focus on user convenience.
The Rise of Lithium Ion-Batteries
Lithium-ion batteries offer higher energy density and an improved range for electric scooters. Plus, they are compatible with fast charging technology, enabling you to charge your two-wheeler in a few hours.
For perspective, the Lectrix LXS takes 3 hours to get completely charged and travel 89 km without interruptions.
Regenerative Braking Mechanisms
Regenerative braking mechanisms have two roles - minimising wear and tear, and charging. This system converts heat from braking into electrical or mechanical energy for charging on the go.
The purpose of IoT is to connect everyday objects to the internet. By achieving this, it is easier to collect information about the state of the device.
In e-scooters, IoT is to analyse performance and assess the state of the battery. It promises to improve communication between humans and machines by helping you get a better idea of the current state of your vehicle.
For instance, the Lectrix LXS is heavy on IoT, with 15 dedicated features. These features promote convenience and make it easier to track the performance and state of your scooter.
E-scooters are not mere convenience machines that help you save on fuel costs. They are also available in eccentric designs that appeal to your sense of style. With sporty and sleek designs, electric scooters in India offer a perfect mix of performance and aesthetics. Plus, they come in a host of vivid shades to cater to your requirements.
Electric scooters cater to modern consumers with charging points and GPS navigation. The bundle of features improves the accessibility of these machines and makes it easy to track them at will. Several e-scooters also come with a live tracking system to locate your vehicle in case of theft.
These features are a step in the right direction, as the competition in the market compels companies to adapt and innovate. At the same time, consumers can reap the benefits by accessing high-quality machines.
A few years ago, the concept of electric scooty was absent in mainstream media. But the growing popularity has enabled active monitoring of the electric vehicle industry. Mainstream media is willing to cover the developments in the industry and keep their audience informed.
All this tells us is that electric scooters have come a long way. This industry is booming thanks to government incentives, rising fuel prices, and fossil fuel shortage. While the future of the industry is uncertain, it is evident that innovation will decide the market leaders.
With options like Lectrix in the market, it is safe to say that electric scooters are bound to attract users with their features and low upkeep costs. Lithium-ion batteries are still a subject of research. As their abilities become clearer, the quality of e-scooters is bound to get better. Soon, you might notice scooters with more power, better range and higher speed limits.
Until then, why not explore the endless world of e-scooters? Contact a nearby dealer now, and check out Lectrix scooters to understand these machines better.