The Growing Market for E-Rickshaws
Electric rickshaws or E-Rickshaws have witnessed renewed interest and popularity, especially within urbanized regions and semi-urbanized regions. Some insider points as to why e-rickshaws are successful include.
1. Cheap Costs, Easy to Drive and Operate
There is no need for expensive permits, licenses or registrations to drive an e-rickshaw. Operating and building one is a straightforward process, leading to cost-efficient measures that serve a greater goal. They also alleviate the red tape, bureaucracy and limits on population.
2. Affordable and Cost-Effective
The operational costs of E-rickshaws are much lower as compared to the fuel-based alternatives. Thus, they are more economical for drivers as well as passengers, ensuring that everyone wins.
3. Government Incentives
The Indian government offers a lot of support to electric vehicles, including e-rickshaws, in the form of subsidies and tax reliefs. These are benefits that make e-rickshaws more competitive for businesses and individuals.
4. Employment Opportunities
Employment for thousands of drivers in rural and semi-urban areas is created by e-rickshaws. They are simple to handle and their maintenance costs are low making them popular for small-scale investors.
5. Compact and Efficient Design
Due to their small size e-rickshaws can easily move around heavily populated city streets. They are also designed to be lightweight, which increases fuel efficiency by providing more distance per single charge.
