IS IT WORTH BUYING A 3-WHEELER EV IN A METRO CITY?
Green and sustainable mobility is fast changing the transport scene in metros. EV adoption is making traffic more navigable and promoting ease of transport. Companies manufacturing electric cargo vehicles in India are continuously deploying better models that allow the owner of the 3-wheeler EV to make a good amount of money with minimum operational and maintenance costs. Buying a 3-wheeler EV cargo vehicle in a metro city is a good idea. While the 3-wheeler EV auto segment is already witnessing robust growth, the cargo EVs too are gaining popularity. The Indian 3-wheeler EV market is expected to reach 935.5 thousand units by 2024.
Traffic is an essential woe of metro cities. Living in metros can mean hours spent in traffic jams and longer travel time. This can be more stressful for cargo transports providing last-mile connectivity. Delays in pick-up and delivery can be an everyday occurrence, negatively impacting businesses. Moreover, the conventional cargo transport system is a major contributor to noise and air pollution and traffic jams.
3-wheeler EV cargo vehicles are emerging as the preferred form of transport in metro cities. They are of optimum use in last-mile connectivity. Post-pandemic shopping behavior has primarily shifted to e-commerce platforms. This boost has resulted in higher demand for efficient logistics, which is being fulfilled by the 3-wheeler EV cargo segment. These vehicles are increasingly becoming the preferred choice for last-mile delivery.
What makes 3-wheeler cargo EVs the preferred choice for metro cities?
- The government is implementing various policies and providing attractive incentives to expedite the adoption of EV 3-wheelers and other electric vehicles. Moreover, the government’s plan to phase out internal combustion-powered engines has added to the demand for EVs.
- The ownership cost of EVs is lower compared to their fossil-fuel counterparts.
- The compact size makes doorstep delivery possible. Moreover, they can be easily maneuvered in crowded and narrow metro streets. On the other hand vans or mini-trucks are expensive to operate and incapable of offering doorstep deliveries.
- They are versatile and have a wider application across industries. They can be employed for garbage disposal, carrying gas cylinders, and freight and delivery businesses.
- EVs have a low running cost. The cost of operating an EV is 16% of the cost of running a fuel-based equivalent.
- Electric 3-wheelers have fewer parts as compared to their conventional counterparts. Thereby resulting in lower and cost-effective maintenance.
- The real-time status of the EVs can be easily monitored due to advanced telematics employed in these vehicles. This allows the operator to stay in control remotely.
- As they have zero tailpipe emissions, EVs help in reducing air pollution and greenhouse gas emission.
- Newer models have higher battery capacity and can travel approximately 150-200 km per charge. This is sufficient for day-to-day travel within the city.
- Metros are fast-developing charging infrastructure for the ease and convenience of EV owners.
Commercial electric vehicles in India have a promising future, especially in the last-mile delivery transport system. There is an aggressive demand for 3-wheeler cargo EVs as they have wider applications across various industries. Shifting from traditional transport systems to electric transport systems can benefit the environment as well as the economy in the long run.
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