EWHEELS – Electric Vehicles Expo 2022
EWHEELS – Electric Vehicles Expo 2022 is the only dedicated trade expo and exhibition on 2 Wheelers, 3 Wheelers & 4 wheelers Electric. EWHEELS – Electric Vehicles Expo 2022 will be held from 15-17 April 2022 at Pragati Maidan New Delhi, India. Global Perspective: The electric vehicles market has witnessed rapid evolution with the ongoing developments in automotive sector. Favourable government policies and support in terms of subsidies and grants, tax rebates and other non-financial benefits in the form of car pool lane access, and new car registration the increasing vehicle range, better availability of charging infrastructure and proactive participation by automotive OEMs would drive the global electric vehicle sales. Indian Scenario:The EV market in India has gained significant momentum after the implementation of FAME India scheme. The total EV sales expected to grow at a CAGR of 36% till 2026.To give a push to electric vehicles manufacturing and adoption in the country, the government has allocated Rs. 10,000 crores to be spent over three years starting from April 1, 2019. The allocation is under the Faster Adoption and Manufacturing of Hybrid and Electric Vehicles (or FAME II). Electric vehicles sales in the country increased by 20% to 156,000 units in the last financial year. This growth of 20% has largely come from two-wheelers. This figure does not include E Rickshaws which is still largely with the unorganized sector with a reported sale of around 90,000 unit. EV battery market is forecasted to grow at 30% CAGR, registering a growth of 28.0 GWh till 2026. The public charging infrastructure shall grow at a CAGR of 60% and the total charger sales shall grow by up to 50,000 units till 2026.