“There's around two million e-rickshaws, which in battery swapping and energy businesses around a billion dollars a year, right? They're all in smaller cities.”
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More from Chetan Maini
PredictionOpen · timeframe Dec 2030
Electric three-wheeler sales in India will reach 100% by 2030
“We're estimating, you know, two-wheelers maybe 50 to 70% by twenty-thirty. Cars maybe 30%. Three-wheelers maybe a hundred percent by twenty-thirty.”
Chetan MainiDec 10, 2023▶ 43:11Ep# 14 | WTF is Happening with EV? Nikhil ft. Founders of Reva, Ather, Blusmart, and Ossus · Nikhil Kamath
PredictionHeld up
Hydrogen fuel cell vehicles cost three times more to run than EVs
“So whatever the cost of electricity tomorrow is in one rupee, it's going to cost the cost for hydrogen fuel cell vehicle will be three times more than a battery-operated electric vehicle.”
Chetan MainiDec 10, 2023▶ 1:03:25Ep# 14 | WTF is Happening with EV? Nikhil ft. Founders of Reva, Ather, Blusmart, and Ossus · Nikhil Kamath
AssertionSupported
Maini: Swappable battery EVs are denied subsidies given to fixed-battery versions
“In their showroom, there's a vehicle with a fixed battery and one with swappable. Both have identical vehicles. You can't tell the difference between them. You buy the one with fixed, the customer subsidy comes through. You buy the one with swappable, the subs…”
Chetan MainiDec 10, 2023▶ 2:48:08Ep# 14 | WTF is Happening with EV? Nikhil ft. Founders of Reva, Ather, Blusmart, and Ossus · Nikhil Kamath
AssertionSupported
Maini: Indian government removed subsidies and doubled EV taxes before Reva launch
“One month after we launched, the government pulled the plug on subsidies, and actually one month before we launched, and doubled the taxation on electric vehicles... And reduced taxes on petrol vehicles.”
Chetan MainiDec 10, 2023▶ 1:15:52Ep# 14 | WTF is Happening with EV? Nikhil ft. Founders of Reva, Ather, Blusmart, and Ossus · Nikhil Kamath
AssertionSupported
50% of electric trucks in China used swappable batteries in 2023
“This year, 50% of all electric trucks in China were with swappable batteries, right? That target was supposed to be achieved in 27.”
Chetan MainiDec 10, 2023▶ 1:25:34Ep# 14 | WTF is Happening with EV? Nikhil ft. Founders of Reva, Ather, Blusmart, and Ossus · Nikhil Kamath
PredictionHeld up
EV battery cell production in India will begin within 24 months
“I think in the next 24 months, cells will start being produced in India, right? And maybe in 48 months, we'll have a very small chunk.”
Chetan MainiDec 10, 2023▶ 1:42:14Ep# 14 | WTF is Happening with EV? Nikhil ft. Founders of Reva, Ather, Blusmart, and Ossus · Nikhil Kamath
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