Scope of Battery powered rickshaws as a Business Project in India

Of late the Electric Vehicles especially Battery powered rickshaws segment has been in the news. Much of it has to do with the surging pollution levels. The environmental issues have everyone concerned. Be it the central government or state governments or NGOs. The auto emissions of the conventional fuel sources like diesel, petrol, and CNG contribute mainly to this. This is what led to the uproar in Delhi and the NCR region. This brought about the restrictions being imposed on vehicles run by conventional fuel. It is only a matter of time before other metro cities follow suit. Besides the rising fuel prices of traditional fuel to has meant a shift towards alternative fuel. The electric vehicles thus would rule the future. Thus it makes sense for you to develop a business dealing in Electric Rickshaws.

Why Battery powered rickshaws sector will grow?

The first reason why Electric Rickshaws will grow as a sector is that they run on electricity. They are eco-friendly. Battery operated rickshaws emit no pollution unlike their counterparts of autos. Even the batteries used for running these vehicles are recyclable. They can be disposed of easily. Besides, they also cause no sound pollution. This means that e- rickshaws will gradually replace autos in the future.

The running cost of driving e-rickshaws is less as well. They run on electricity which is cheaper than conventional fuel. The maintenance cost of these vehicles is low as well. Thus lower fares may be charges as a result. This means that travelling by them would be cheaper for passengers too.

One major benefit with E rickshaws is that they are also safer to travel by. The accidents on autos are more frequent and more fatal as well. In comparison, Electric rickshaws or Battery powered rickshaws are safer.

The focus of both state governments and the central government is to boost the electric vehicles sector, To boost the sector a lot of incentives are being launched to ensure better growth. As a business owner in the sector thus you could avail these.

So there is no doubt that the electric rickshaw in India would continue to grow rapidly in the coming years. However, let us now see how you could benefit as a business owner in the sector. There are a couple of ways to participate in the growth as a business owner.

The first being that, you could buy such Battery powered rickshaws and rent it out to someone who deals with it. These would be run on your behalf and make money. You would be getting a percentage of the total daily collection made by running the vehicle. However, you need to ensure that the person driving the vehicle on your behalf is trustworthy.

You could also operate as a supplier in the sector.

With the prime focus of the governments to boost the sector, all facilities required to set up business in the sector would be provided. This includes getting easy finance. So there is plenty of scope for the electric vehicles segment in India. So as a business man it makes sense for you to build your business in the sector.