The electric vehicle revolution sweeping across India is at its peak, and the three-wheeler segment has emerged as a key driver of change. In October 2024, electric three-wheelers (e3Ws) had their best month ever. Progress toward a cleaner, greener mode of mobility continues to show tremendous growth. With 16,856 units left to break the all-time 2023 total sales of 583,597 e3Ws, the industry is poised to set new records and lead the charge into an electric future.
India Will Be Strong on EV 3W Sales
The electric vehicle revolution in India is accelerating rapidly, and one of the most exciting sectors within this movement is the electric three-wheeler (e3W) market. With growing adoption across urban and rural landscapes, electric three-wheelers are becoming the preferred choice for individuals engaged in passenger transport and last-mile connectivity. As the EV 3W market continues to evolve, Revfin is playing a pivotal role in driving this transformation through innovative financing solutions for individuals.
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