EV TRUCKS IN INDIA: IS IT TIME TO INVEST

Description

Electric trucks are being touted as the future of intracity logistics and last-mile deliveries. Leading manufacturers such as Tata Motors, Ashok Leyland, and Eicher, as well as startups such as Euler Motors and Omega Seiki Mobility, have already launched electric vehicles designed specifically for Indian roads and logistics. Electric trucks have much lower operating expenses than diesel vehicles. Electricity costs less than diesel, and EVs have fewer moving components, lowering maintenance costs. According to NITI Aayog, India might electrify 70% of commercial vehicles by 2030, generating enormous prospects for early investment in the EV truck market.