Comment by carlosjobim
1 month ago
It's a plausible explanation, but I find it a bit difficult to believe. Motorcycle companies are mature and well funded, they're hardly in need of any venture capital at their stage.
As for the motorcycle market being conservative, I rather think that there's a lot of people chomping at the bits to try an electric bike. The motorcycle market is much more diverse and playful than the car market, in my opinion. If electric bikes were even "almost as good" as gas bikes, then I'd expect to see at least some percentage out on the street being electric. Or hear people talking about them.
But I don't see them anywhere, or hear anything about them. And they are easy and affordable to buy here. What I see is tons of gas motorcycles, and a whole lot of electric cars, and electric scooters (those that go on the pavement).
I would expect most ladies who commute on a 125cc scooter to much rather go on an electric motorcycle, just to name a very large customer group.
For the established players, it's the battery supply chain that's the main issue. Rest can be locally-sourced or manufactured. Makes them very nervous, having to import when tariffs and rules change everyday.
My city in South India could be an outlier but I see green EV number plates everywhere. Would love to see a state-wise breakdown for sale share.
> My city in South India could be an outlier but I see green EV number plates everywhere.
I too see Green EV number plates more that I used to before. I live in a Tier 3 city in South India.