ICE TO ELECTRICAL VEHICLE RETROFITTING
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Abstract
Millions of ICE (Internal Combustion Engine) vehicles on-road, India has the largest two-wheeler and three-wheeler market in the world. In the past few years, electric vehicles have gained popularity, especially in the 2-wheeler and 3-wheeler segments in the Indian market. EV (Electrical Vehicle) retrofitting means replacing the petrol engine with an electric power transmission. Prices of new Electrical vehicles are high so retrofitting is feasible as it saves money. So it is better to convert existing petrol two wheelers into electrical vehicles. Converting a existing bike into an e-bike is easy and quick. The converted electric vehicle will emit zero carbon, is eco-friendly. In India total of @ 2.25 lac electric scooters were sold in 2021 with @ 1.4 lac registration of the high-speed electric scooter and which was a @ 130% rise in electric scooters sales compared to 2020. The retail sales value of EVs is expected to cross $1 billion by 2025, with a compound annual growth rate(CAGR) of 63.9% during the 2020-2025 period.
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