New Delhi: EMFAI, the Electric Mobility Financiers Association of India, in a gathering in Delhi brought together members from E rickshaw OEM associations, EVMS (Electric Vehicles Manufacturer’s Society) and over 30 financiers.
The associations of OEMs, EVMS and EMFAI deliberated on the best practices, challenges, opportunities and strategies to make this industry scalable and sustainable.
India has become the biggest market for electric three-wheelers globally, recording a sales figure of over 5,80,000 in 2023, according to the International Energy Agency’s latest Global Electric Vehicle Outlook 2024. These 3w EVs, serving passengers and cargo, play a crucial role in revolutionizing India’s last-mile transportation, offering a sustainable, economical, and eco-friendly mode of travel. Their widespread acceptance has reduced pollution and carbon emissions, spurred job creation and improved livelihoods for many.
These collaborative efforts will lead to the identification of opportunities and strategies to make this industry scalable and sustainable. This partnership will help expand the reach and penetration of electric vehicles across India at a much faster pace.
Sameer Aggarwal, President, EMFAI, said, “The electric rickshaw sector has positively influenced the lives of over 30 million individuals in India, while also promoting emission-free last-mile transportation for countless others. This meeting represents a significant stride in our journey towards a cleaner, greener future for India”
The President of the EVMS, Ashwani Sehgal, said, “This collaboration between electric vehicle manufacturers and financiers represents a significant step toward promoting the widespread adoption of electric three-wheelers. Together, we can pave the way for India’s sustainable and prosperous future.”
