Rising Government Concerns Supporting Indian Electric Scooters and Motorcycles Sector
One of the key factors behind the growth of the electric scooters and motorcycles sector in India is the growing concerns of environmentalists and governments about environmental degradation, resulting from greenhouse gas emissions. These have led to a rise in the overall growth of electrical vehicle sales across the nation. Furthermore, in order to reduce the carbon footprint in the environment, the adoption of electric vehicles is being encouraged by the central and state governments across India.
Moreover, various government initiatives, such as tax credits and incentives offered to the individuals purchasing these vehicles, are predicted to strengthen the sector during the forecast period. To encourage the use of eco-friendly, low-emission vehicles, the government has reduced the registration tax and other liabilities attached with their purchase. Another reason for their increasing popularity is that these incur less maintenance costs as these have fewer moving parts.
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