With the constant increase in the demand for a sustainable and eco-friendly mode of transportation, the growth of E Rickshaw Company in India is expected to be around 7 to 15 percent CAGR (compound annual growth rate). In the past few years, E Rickshaws have gained huge popularity despite several other modes of transportation available in India. It is the efficiency, performance, and emission-free transportation offered by electric rickshaws that have increased their demand in the market. From rural areas to urban areas, electric rickshaws can be found in most cities these days making them a perfect mode of transportation in today’s time.
In this blog, we are sharing all the aspects of an E Rickshaw and how it has been supported by governments along with the benefits offered by it. Coming from a Best E Rickshaw Manufacturers Company, it will help you have a better understanding about the future of E Rickshaw businesses in India. We at Republic Motors are into this business since long and have already captured the market with our extensive range of electric vehicles including E-Rickshaw, E-Garbage, E-Hathi, and a few more.
Electric Rickshaws Replacing Fuel Rickshaws
Electric rickshaws operate on batteries which are rechargeable and does not consume high amount of power. It makes them an energy-efficient choice as they are helpful in eliminating the use of fuels and offer a sustainable mode of transportation. Electric rickshaws do not emit harmful gases and toxins in the air which makes them suitable for environment. Whereas, fuel rickshaws operate on petrol and diesel which costs them a lot in compare to electric rickshaw. They also emit harmful gases resulting into the increase in air pollution. Considering the overall benefits of electric rickshaws, they are expected to replace fuel rickshaws in the near future. This will increase the demand of electric rickshaws in India, as riders find E Rickshaws highly-efficient, environmentally-friendly, and cost-friendly as well. It will offer huge profit to every E Rickshaw Company in India along with their dealers.
Government Supporting the Use of Electric Rickshaws
Indian government is taking several steps to curb the problem of air pollution in India long with reducing the carbon footprint which is highly impacting the environment and our health. The number of benefits offered by electric rickshaws has made government introduced several policies and initiatives to promote the adoption of electric rickshaws in India. The government is providing incentives on the purchase of electric rickshaw and has also reduced the GST rate from 12 to 5 percent, making it easier for riders to invest in electric rickshaws. Being the Best E Rickshaw Manufacturers Company, we are also offering support to riders or dealers who are planning to invest in E Rickshaw or E Rickshaw business in India by providing them financial support.
Conclusion
The increase in the use of electric rickshaw is not only helping save fuels or is offering benefits to environment, but it also helps boosting employment opportunities. The constant demand of E Rickshaws in the market gives rise to several new electric rickshaw companies in India which helps offer employment to many. We at Republic Motors are the best example of the same, as we started from scratch and are now a recognized E Rickshaw Company in India, known for our impeccable quality E Rickshaws along with our dealerships availability in multiple cities across India.
