Light electric vehicles (LEVs), which include e-2Ws, e-3Ws, and e-rickshaws, have dominated India’s EV market, comprising a staggering 93.5% of the total EV sales in FY23, as of October. The BIS approval should instil further confidence in the sector. Furthermore, it may also enhance EV roaming, provide versatile charging for LEVs, and eliminate the need to carry bulky chargers, making EV adoption more convenient.
How will charging point operators (CPOs) and original equipment manufacturers (OEMs) streamline the existing infrastructure with the new standardised connector, and who might emerge as the
short-term winners?
Considering the convenience this approval brings, can it translate into a significant increase in EV sales?