New Delhi, June 19 -- As India's vehicle population is set to more than double by 2050, a new study by the Council on Energy, Environment and Water (CEEW) has highlighted a significant shift in cost competitiveness between electric and petrol vehicles. The research shows that electric vehicles (EVs), particularly in the two- and three-wheeler categories, now offer a markedly lower total cost of ownership (TCO) compared to their petrol counterparts, a trend that could redefine the future of personal and commercial mobility in the country.

According to the CEEW, electric two-wheelers are already the most economical option on Indian roads, costing just Rs.1.48 per kilometre to operate, compared to Rs.2.46 for petrol-powered versions. The ad...