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Impact of electric rickshaws on businesses

April 29, 2021

Electric Rickshaws have been around for the past decade or so, and even more so after their legalisation in 2015. The number of electric rickshaws on the road has increased by a huge number. The total electric rickshaw fleet of India is greater than China’s electric vehicle fleet.

This increase in electric rickshaw has led to impact businesses in a greater way. The rising concern regarding the climate has led to more people investing in electric rickshaws. In the foreseeable future, the number of electric rickshaws on the road would be greater than auto rickshaws and petrol/diesel vehicles. 

One of the major benefits of electric rickshaws is how quiet they are. Businesses have begun to realise the positive impact it has on the environment and its effect in reducing noise pollution. They also run almost silently at lower speeds, which contributes to noise pollution. Although, this silence in vehicles can adversely affect the visually impaired. Hopefully, in the near future, businesses will have technology that combats this as well.

Electric rickshaws have become the default mode of transport for a lot of people. And as people continue to choose electric rickshaws to commute, the number of electric rickshaws on the road would keep increasing. This is great for business because all their manufactured rickshaws would be sold and they would incur a greater revenue.

Electric rickshaws are also cheaper, so a lot of daily wage earners invest in them. It takes a fairly small amount to get an electric rickshaw business going. This is also helpful to the businesses because they introduce newer models of electric rickshaws for people for their conveniences which in turn increases their revenue earned.

The rise of electric rickshaws has also convinced businesses into adopting alternative sources of energy, since electric rickshaws survive solely on electricity. The more use of alternative energy there is, the more the environment heals. The businesses have started to realise the impact electric rickshaws have on the environment, and more businesses will sooner or later manufacture more electric vehicles on the whole and contribute to the environment.

Businesses are also on the lookout for vehicles that combat environmental issues. They feel a sense of responsibility to the environment as the manufacturers of vehicles that run on the road. For as long as there is a need for an environment-friendly mode of transportation, the impact of petrol/diesel vehicles will be adverse as the era of electric vehicles takes over.

Syndicate Motors is a manufacturer of electric vehicles that combat environmental issues and economic issues in India. Join us in our fight for a sustainable environment as well as a cleaner and greener India.

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Syndicate Motors

Plot No.37, Sector-11,
IIE, SIDCUL, US Nagar, Pant Nagar,
Rudrapur, Uttarakhand-263153 INDIA.

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