Electric 3-Wheeler Charging Model Economic Analysis
Three Wheels United and ENEA Consulting conducted an economic analysis of the various charging models for electric 3-Wheelers. The key takeaways of this research are:
E-auto-rickshaws are more cost-competitive than conventional CNG and LPG 3-Wheelers and show a higher profitability to the driver, if a similar mileage capacity between electric and gas-powered auto-rickshaws is considered
Electricity recharging only weights for 20% to 30% of the Total Cost of Ownership of the vehicle, while the vehicle and the battery accounts for nearly 40% each. The influence charging options appears therefore relatively limited on drivers’ profitability which is mainly sensible to the distance travelled as well as the interest rate.
Battery swapping appears as the most cost-competitive and profitable charging option for drivers, due to the economies of scale created on charging the batteries and to the subsidized power supply tariff.