INCENTIVE BEYOND 2024 AND TECHNOLOGICAL UPGRADATION NEEDED By Dr. Gyan Pathak With demand incentives withdrawn after FY 2024, maximum penetration of electric two-wheelers in India could be 71.54 per cent in Technology Driven Scenario by FY 2031, while with no technological improvement and reduction in battery cost, penetration level of 21.86% only can be achieved even if incentives are continued. However, combination of technological improvement and incentives can achieve 100% penetration, says a study titled “Forecasting Penetration of Electric […]