Expansion of E-Commerce Sector Propel Electric Three-Wheeler Sales

Electric vehicles are transforming the future of mobility, and electric three-wheelers have their primary share in this. The expansion of the e-commerce sector is a major contributor to the growing sales of electric three-wheelers. The continuous rise in last-mile logistics and cargo requirements has resulted in the e-commerce sector adopting them for business usage.

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The global pandemic has resulted in surging online shopping which fuelled the last mile delivery solutions demand, and electric three-wheeler is a primary solution used in the e-commerce sector for delivery purposes.

The sale of fully-electric three-wheelers is rising a month after month. With the reduced battery prices, sales are expected to spike. The low-cost operations and maintenance with affordability and increasing prices of fuel are projected to boost the sales of the e-rickshaw.

The surging rise in the adoption of electric vehicles has been experienced. The rising environmental concerns boost the traction of electric three-wheelers on roads. Numerous start-ups have started operating in the industry.

The electric three-wheelers offer ease in replacing the discharged batteries with their fleet of first and last-mile transportation.

The lower cost and government initiatives in the form of policies and regulations cost six times lesser than the gasoline or diesel-powered three-wheeler. That is why the battery-powered electric three-wheeler runs on stored electric charge.

In addition, the moving parts are fewer in electric three-wheelers compared to the traditional three-wheelers. The maintenance cost of electric three-wheelers is lesser than that of traditional three-wheelers.

Moreover, the rise in the road traction of electric three-wheelers in the APAC countries is due to the favorable policies of the government, including subsidies and tax rebates, which encourage the adoption of electric three-wheelers.

For instance, In India, the government offers subsidies ranging from $370 to $900 depending on model and OEM. It thus drives the sales of electric three-wheelers in India.
In addition, various countries, including Bangladesh and China are increasingly adopting electric three-wheelers to reduce the environmental impact caused by the tailpipe emissions from conventional three-wheelers that run on fossil fuels.

The automobile industry of India heavily relies on three-wheeled vehicles for last-mile deliveries. Three-wheeled vehicles are used as the primary transportation mode in the major micro-transportation businesses.

The major companies operating in the industry are; Jiangsu East Yonsland Vehicle Manufacturing Co. Ltd., ATUL Auto Ltd., Kinetic Green Energy & Power Solutions Ltd., Xianghe Qiangsheng Electric Tricycle Factory, and Lohia Auto Industries.