'EV last-mile segment grows rapidly in cargo and passenger areas'

...says Debashish Mitra, Director, Sales, Service & Marketing, Altigreen. In an interview with Sanjay Jadhav, he shares compelling insights into India's evolving EV market and Altigreen's vision and accomplishments as they continue to shape the future of sustainable mobility. Excerpts from the interview...

- Debashish Mitra

Can you share your perspective on the current market trends for EVs in India, particularly in the last-mile segment?

The EV last mile segment has been growing at a very fast pace in both cargo and passenger segments. The penetration of EV in the organised last-mile segment is currently at 24%, which was 18% last year, 6% in 2021–22 and only 1% in 2020–21. Apart from the FAME subsidy and some government initiatives to promote EVs, the economic benefits of using EVs, as compared to their ICE counterparts, are now felt by the user. A diesel three-wheeler has an operating cost of ₹3.5–₹4/km, while an EV three-wheeler operates at 92p/km.