Piaggio Vehicles anticipates a 50% penetration of L5 electric three-wheelers in India by mid-2028, driven by a structural market shift despite reduced government incentives. The company emphasizes the need for clarity on incentive continuation as it launches new electric passenger models. Factors like improved infrastructure and lower costs are fueling EV adoption, particularly in the passenger segment.
Disclaimer: The content of this post is sourced from external sites and is for informational purposes only. All rights and credits belong to the original authors and publishers.