Auto Sector Update - Will EVs Impact The ‘EV’ – Part Deux: HDFC Securities
BQ Blue’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BloombergQuint’s subscribers an opportunity to expand their understanding of companies, sectors and the economy.
HDFC Securities Report
We believe that two-wheeler electric vehicles will exceed one million units per annum by 2025 and 8-10% penetration by 2026.
Over the past six months, the effective subsidies on two-wheeler EVs have increased to 40% of the effective price, bringing them at par with internal combustion engine vehicles due to additional incentives from state and central governments.
Further, the new models (such as the OLA SI) offer a significantly improved range of over 100kms per charge, thus addressing range anxiety concerns.
Within four wheelers, due to the lower energy density of lithium ion batteries, we believe the heavy truck segment will continue to be powered by combustion engines in the near/medium term.
Click on the attachment to read the full report:
This report is authored by an external party. BloombergQuint does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of BloombergQuint.
Users have no license to copy, modify, or distribute the content without permission of the Original Owner.