Estimating electric two-wheeler costs in India to 2030 and beyond
This webinar will discuss findings from the recently published working paper, “Estimating electric two-wheeler costs in India to 2030 and beyond,” which estimates the timing of upfront cost parity, and 5- and 10-year total cost of ownership (TCO) parity, for short-, mid-, and long-range electric versus conventional combustion engine two-wheelers in India. Two-wheelers are simpler and lighter than other vehicle types and consequently, their motor power requirements and battery size are much lower. This means they have the potential to be electrified quite cost-effectively, and in India, where there have been more than 20 million two-wheelers produced each year since 2017, there is serious policy interest in electrification. In this paper, the authors consider the consumer costs of electric versus conventional combustion engine two-wheelers. The analysis was conducted by first apportioning the 2020 upfront costs of top-selling conventional two-wheelers and electric two-wheelers into component-level direct manufacturing costs and indirect costs, including manufacturer and dealer margins. All costs were then projected into the future to estimate full-vehicle upfront costs to the consumer beyond 2020. The authors further assessed the 5- and 10-year total cost of ownership (TCO) for both electric and conventional models in 2020 and beyond.
Presenter: Shikha Rokadiya, Research Consultant
Moderator: Anup Bandivadekar, Passenger Vehicles Director, India Lead