Electric shared mobility vehicles to take a backseat: M&M's Pawan Goenka

E-vehicles used in last mile delivery of goods expected to grow at a fast clip

Small electric vehicles (EVs) deployed in the last-mile delivery of goods and people are expected to grow at a fast pace in the near- to short-term even as EVs in the shared transportation space will take a back seat amid the pandemic, said Pawan Goenka, managing director and chief executive at Mahindra & Mahindra. 

“This is for the simple reason that the commercial viability of electric three-wheelers has now been firmly established. It’s less strenuous and easier on the wallet to drive an e-three-wheeler and the whole value proposition of using such vehicles has sunk in,” he said.

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