Electric two-wheeler adoption in India rising, 13% share expected by 2026-27: Jefferies

The adoption of electric two-wheelers in India is gradually increasing, with their market share expected to rise to over 13% by 2026-27, according to Jefferies. The Union Cabinet has approved a Rs 10,900 crore scheme to promote electric mobility, including subsidies for various electric vehicles. Ola Electric remains a key player but has seen a recent decline in market share.
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