Due to the high prices of petrol these days, there has been a noticeable shift towards electric vehicles in Lake City. Currently, there are 4550 electric vehicles actively being used in the district. Among them, 4376 are two-wheelers, and 174 are four-wheelers. In the year 2021-2022, there were 1313 electric two-wheelers and 53 electric four-wheelers in operation. In the 2022-2023 period, these numbers saw a significant increase, with the count of two-wheelers reaching 3063, and that of four-wheelers reaching 121. Comparing the data from these two years, it is evident that the number of electric two-wheelers surged by approximately two and a half times, while the count of four-wheelers increased fourfold.
Presently, numerous companies are introducing two-wheeled electric vehicles into the market. These vehicles are gaining popularity among consumers due to their impressive range and comparable pricing to traditional petrol vehicles. An additional benefit is the cost savings associated with the absence of maintenance expenses. Concurrently, there has been a noticeable uptick in the popularity of hybrid cars, with 1648 units sold in the past year. It is worth noting that hybrid two-wheelers have not been introduced to the market as of yet.
A notable trend that has emerged in the market over the past year involves vehicles equipped with the capability to operate on both battery and traditional fuel. This innovative technology integrates both a petrol engine and an electric motor, and it has been gaining considerable popularity. It not only leads to reduced fuel consumption but also contributes to environmental conservation. Presently, only hybrid car models have been introduced to the market, and no hybrid two-wheelers are available at this time. In the district, a total of 1648 hybrid cars were sold in the past year, and consumers can choose from mild hybrid and strong hybrid car options in the market.