NITI Aayog and the Technology Information, Forecasting and Assessment Council (TIFAC) made an upbeat prediction that by FY2026-27, electric two-wheelers would be completely incorporated into the Indian market. The Department of Science & Technology established the independent TIFAC in 1988 with the mission to forecast technological developments, evaluate technological trajectories, and foster innovation.
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KEY POINTS:
About the Research conducted by NITI Ayog and Technology Information, Forecasting and Assessment Council:
Three key aspects that affect the market penetration of electric two-wheelers have been used to build the future scenarios. Demand incentives, battery cost, and vehicle performance in terms of range and power are these factors.
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