100 percent penetration of Electric two-wheeler in India by 2026-27???

The Govt seems to be keen on Promoting EV 2- wheelers faster than the 4 wheelers as these vehicles are used by middle class and lower middle class people which constitute bulk of the population.

As recent report by the Indian government’s think tank, NITI Aayog, in collaboration with TIFAC- (Technology Information Forecasting and Assessment Council) forecast 100 percent penetration of electric two-wheelers in the Indian market by 2026–27 in an optimistic scenario.

The report has developed Eight scenarios to highlight the future penetration of electric two-wheelers in the country.

The report, however, states that in a scenario where current incentives/Govt Support are withdrawn by 2024, India will achieve only 72 percent penetration by 2031.

However, Safety and Range are two main hurdles which the industry needs to work upon in the country’s transition to electric vehicles.

A copy of the Comprehensive report is attached in the link given below !

Discl: EV 2 wheeler pure play is under my watch list, though have some positions in Auto ancillaries.
Please do your own assessment before investing.