The rapidly growing delivery fleets in India will see at least 30-40% penetration of electric vehicles by 2027, according to Akash Gupta, co-founder of shared mobility and delivery firm Zypp Electric.
“Penetration of electric vehicles in India’s delivery fleets is currently at 1-2%, which should hit at least the 30-40% mark in the next four to five years as the e-commerce market grows,” Gupta, also the chief executive officer of EV-as-a-service platform, told BQ Prime. “We’re looking to capture nearly half of that market.”
India’s e-commerce market is poised to reach $50 billion in 2022, growing 25% year-on-year, according to a joint study by the consulting firm Bain & Company and Flipkart. This market is expected to scale to $150–$170 billion by 2027.
According to Gupta, this will mean that the market will need 70–80 lakh delivery executives by that time, up from 20 lakh now.