Euler Motors and the Rise of Electric Three-Wheelers in India

1. Euler Motors and the Rise of Electric Three-Wheelers in India Electric three-wheelers are motorized vehicles powered by electricity and equipped with powerful engines and long-lasting batteries. Nowadays, electric three-wheelers are increasingly employed to move goods and services from one area or city to another. They are also known as e-tricycles, as they have a single front wheel and two rear wheels. The growing global population's interest and inclination towards electric vehicles has prompted the leading electric vehicle manufacturers in India to consider expanding their production capacity. This will have a favourable impact on the adoption of electric automobiles. The Three-Wheeler EV market The Indian electric three-wheeler industry is estimated to develop at a 20.9% CAGR from 2023 to 2030. Government incentives, increased urbanization, environmental concerns, and falling battery prices all contribute to the growth. The Indian electric three-wheeler market is divided into three segments: end-user, type, and geography. End user: The market is divided into four segments that are residential usage, industrial use, logistics, and others. The domestic use section is the biggest, followed by the logistics segment. Type: The market is divided into two segments that are side wheel motors and center motors. Side wheel motors are more prevalent, however, center motors are gaining popularity due to their improved performance. The market is divided into four segments based on region that are, North India, South India, West India, and East India. North India is the biggest market, followed by South India. The market confronts several hurdles, including high initial costs, range anxiety, and a lack of charging infrastructure. The market has a strong future view, with a valuation of USD 10.26 billion predicted by 2030.

2. The rise of electric vehicles in India is possible for three reasons. Indeed, electric vehicles (EVs) will take over global transportation in the future. But what gives us the confidence to say that India's electric vehicle market will surely rise? The reasons for this are given below: Better value for buying and driving (Low Cost) Electric vehicles in India have a brighter future because of the government's significant tax benefits, but that isn't the only reason people are purchasing them. The future of electric vehicles in India looks optimistic due to their multiple advantages, such as reduced operating and purchasing prices. Reduced CO2 Emissions (Environmental Benefits) Not only India, but the entire world, is dealing with climate change and global warming. Perhaps you are unaware, but with electric vehicles, India will reduce CO2 emissions by one gigatonne by 2030. This feat will result in less air pollution in both large and small cities, benefiting present and future generations. Making Charging Simple The difficulty of driving electric vehicles over long distances was once regarded as one of the most significant barriers to their success in India. This is not to say that only a car fuelled by fossil fuels can drive very far. While it is easier to refuel fossil fuel-powered vehicles due to the widespread availability of petrol and diesel stations, finding EV charging stations remains difficult. However, now that the Indian government has issued tenders to private enterprises to build up permanent, pop-up, and mobile EV charging stations, this is rapidly changing. A fast charger is also included with all EVs and may be readily installed at home. Rise of Electric Tempos In India and Euler Motors The increased demand for electric three-wheelers in India is a positive indicator and demonstrates seriousness and dedication to attaining sustainable mobility. As fleet electrification and e-commerce services become more prevalent, these sustainable and effective solutions will continue to influence the country's commercial mobility future. Euler Motors, a commercial EV manufacturer, has released its HiLoad E3W, including the segment's largest battery pack and range. This advanced EV has a larger battery pack of 12.96 kWh. Euler Motors claims that the latest edition of the HiLoad EV has an ARAI-certified range of 170 km and an amazing payload capacity of 688 kgs. Not only that, Euler Motors is also promoting technical advancements with their Euler Shephard app which is a smartphone app and web platform that transforms fleet management. This software offers real-time personnel updates and precise fleet control. The Euler Shepherd app simplifies operational duties like finding charging stations near you and arranging journeys and charging periods. Vehicle health alerts and real-time updates are sent effortlessly, demonstrating the transformative potential of technology in the field of electric vehicles. CONCLUSION! When it comes to adopting an electric three-wheeler, creative and integrated solutions have seized the lead. Euler Electric Vehicles invites you to join India's electric revolution. They're convenient, efficient,

3. and charge nearly as quickly as your phone. You can sample the HiLoad EV, the most powerful Euler electric three-wheeler at a reasonable price. The Euler 3 Wheelers feature 30% wider tyres, larger batteries, and higher cargo capacity. So, switch to electric and be prepared to carry all day.