How E-Scooters Can Benefit India: Electric Scooter Revenue Growth in India
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E-scooters have seen rapid adoption in recent years. They’re a great way to get from Point A to Point B on your own schedule, without having to worry about traffic or transportation being available at the time you need it most. This is especially true for first-time riders who might not be familiar with the streets where they’re going or how best to navigate them. As more people adopt e-scooters, there are even more companies releasing e-scooter models and accessories that make riding safer and more enjoyable. This is great news for riders in India, as the country has the highest usage of scooters among all countries. In this article, we'll take a look at some of the ways that e-scooters can benefit India's transportation system and its residents.
E-Scooter Revenue Growth in India, According to New Estimates
As e-scooters have become more popular, revenue for the industry has also increased. According to new research from Canalys, e-scooter revenue grew by more than 200% from 2017 to 2018, reaching $743 million worldwide. This is a staggering growth rate for a relatively new industry. The report also found that e-scooter revenue growth was higher in the Asia-Pacific region than in any other region, showing just how much the world is excited about e-scooters. In India, the market is expected to grow from $83 million in 2018 to $833 million by 2022. This is an impressive growth rate considering e-scooter usage is still in its early stages in India. The government has also recently announced plans to make e-scooters legal, which could further spur adoption.
India’s Top Cities for E-Scooter Usage
There are many cities in India where e-scooter usage is high. Delhi, Mumbai, Hyderabad and Bengaluru are among the top cities in India for e-scooter usage. And these cities aren’t just popular among first-time riders. These top-tier cities are also having a strong impact on the e-scooter industry as a whole. For example, in January 2019, the government of Delhi passed regulations designed to make it easier for e-scooter companies to operate in the city. This is significant because Delhi is home to a large population of tech workers and is one of the top 10 cities in the world for e-scooter usage.
Why is India a Good Place for Electric Scooter Adoption?
There are many reasons why e-scooter adoption in India could be successful. Most notably, the country has a strong demand for transportation, making it easier for riders to switch from their car or bus to an e-scooter. Another reason is that the government has made efforts to encourage e-scooter adoption. Delhi was one of the first cities to have electric scooter rental regulations and is now making changes that could make it even friendlier for e-scooter companies to operate. This means that e-scooters could be a convenient way for people to get around in cities across India. Additionally, e-scooters are used for shorter trips, making them a good choice for first-time riders or people who don’t require long distances from Point A to Point B. This means that e-scooters could be a popular choice among low-income households, who may find it more affordable than getting a car or bus pass.
How E-Scooters Can Benefit Public Transportation in India
India is a country where public transportation is critical. E-scooter users can help improve the public transportation system by replacing solo auto trips with e-scooter trips. This will help reduce the demand for auto trips as riders opt to stay off the roads and use public transportation instead. E-scooters can also help reduce traffic congestion in cities and improve traffic flow, which can be a benefit to public transportation. This can be especially helpful for small micro transit systems that have limited service and may experience long wait times for riders. As e-scooters are used for shorter trips, they can be a good fit for first-time transit users who don’t need to take long trips or get far from where they are. E-scooters can also be a good option for people who don’t want to wear helmets while riding. This can be a good fit for first-time riders who might not be comfortable wearing a helmet or for riders who don’t want to wear helmets for religious reasons.
Is it too early to estimate e-scooter usage growth in India?
It might seem too early to predict that e-scooter usage in India will grow rapidly, but it’s important to consider the market’s potential. After all, e-scooters are a relatively new transportation option in the country, and they’re also growing in popularity among riders around the world. As e-scooters become more popular, riders will have more reasons to try them out. The more people who use e-scooters, the more demand there will be for companies to invest in manufacturing e-scooters and provide more riders with safe transportation options. This demand will likely increase the number of people who use e-scooters, further fueling market growth.
Other Benefits of E-Scooters for India
E-scooters can also help reduce emissions from the transportation sector in India. This can be beneficial for air quality, as it can incentivize people to take public transportation instead of driving their own cars. E-scooters can also help reduce road danger for riders and pedestrians, as fewer people will be on the roads as e-scooters give riders a new way to travel. This can be especially helpful for vulnerable populations who may be more at risk of traffic danger, such as older people or people with disabilities. E-scooters can also help reduce public health risks. By reducing the number of people who drive cars, e-scooters can help reduce air pollution and improve respiratory health in India.
Conclusion
E-scooters can provide a convenient, low-emissions way to get around in Indian cities. They can be a good fit for first-time riders or people who want to travel shorter distances, making them a good option for low-income households or people who don’t want to wear a helmet while riding. These benefits could help e-scooters become a popular transportation option in India. With the potential for such rapid growth, it’s important for those interested in e-scooter adoption in India to understand how the market is developing.
