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E-bikes have reached a market share of 10% by 2009, as e-bikes sales quadrupled from 40,000 units to 153,000 between 2006 and 2009, [84] and the electric-powered models represented 25% of the total bicycle sales revenue in that year. [83]
The government introduced its Go Electric campaign in early 2021 to encourage the adoption of electric mobility vehicles and electric cooking appliances and to ensure energy security. Road Transport and Highways Minister Nitin Gadkari launched the campaign, saying that Go Electric is a future for India which will promote low-cost ...
Around the same time, the company expanded to Indore, the largest city in central India, in partnership with Atal Indore City Transport Service Limited with 1,000 cycles. A plan to increase the number of cycles by 3,000 was also approved. [12] Mybyk in Ahmedabad, 2020. In 2023, the company introduced electric bicycles as part of its fleet. [13]
In February 2024, it became the first company in the country to secure a license for manufacturing electric three-wheelers. As of early 2025, Sazgar commands approximately a 30% share of the rickshaw market in Pakistan, producing around 2,500 units monthly, including about 30 electric models, within a competitive field of roughly 40 rival ...
Many countries have enacted electric vehicle laws to regulate the use of electric bicycles, also termed e-bikes. Some jurisdictions have regulations governing safety requirements and standards of manufacture. The members of the European Union and other regions have wider-ranging legislation covering use and safety.
Ola Electric was established in 2017 as a wholly-owned subsidiary of ANI Technologies, the parent entity of Ola Cabs. [10] [11] The company was started to reduce emission and fuel dependency of Ola's cabs, and shift to mass electric mobility; a pilot program was launched in Nagpur in May 2017 by setting up charging stations across the city and procuring electric cabs, e-buses, and e-rickshaws ...
Bajaj Auto is also the manufacturer of Yulu’s third generation of vehicles. The company became India’s largest EBITDA (earnings before interest, taxes, depreciation and amortisation) profitable shared electric mobility company in 2024. It claimed to have achieved an Annual Recurring Revenue (ARR) of $30 million in FY2025. [9]
The Indonesian government announced in March 2023 that it would allocate a total of Rp 7 trillion (US$455.88 million) to incentivize electric motorcycle sales through 2024. These funds will subsidize 800,000 new electric motorcycle sales and 200,000 conversions of existing internal combustion motorcycles to electric. [ 89 ]