Electric three-wheeler total cost of ownership savings (with subsidies)
RecordSTO-89PPKAQ44H-H33R9TQGB3-M2G1SF
India · 2023
Electric three-wheeler total cost of ownership savings in India (with subsidies) was more than 50% in 2023 (IEA).
- Publisher
- IEA
- Authority tier
- T1 Official
- Locator
- India overtakes China as the largest market for electric three-wheelers as global sales continue to grow
- Retrieved
- 22 Sep 2026
- Status
- Verified
What the source says
In 2023 in India, despite the upfront price being 55% higher than for its gasoline equivalent, the average electric 3W model (auto-rickshaw) is more than 50% cheaper to own after 8 years of service, and even without subsidies is over 40% cheaper.
Checked: the figure 50%is stated in this passage. If it does not match, the extraction is wrong and we want to know.
Cite this figure
APA
International Energy Agency. (2023). Trends in other light-duty electric vehicles – Global EV Outlook 2024. Retrieved September 22, 2026, from https://www.iea.org/reports/global-ev-outlook-2024/trends-in-other-light-duty-electric-vehicles. Via StatOrigin, https://statorigin.org/stat/stat_89PPKAQ44HH33R9TQGB3M2G1SF
Other formats: MLA, Chicago, BibTeX
- MLA
- International Energy Agency. "Trends in other light-duty electric vehicles – Global EV Outlook 2024." 2023, https://www.iea.org/reports/global-ev-outlook-2024/trends-in-other-light-duty-electric-vehicles. Accessed 22 Sept. 2026 via StatOrigin, https://statorigin.org/stat/stat_89PPKAQ44HH33R9TQGB3M2G1SF.
- Chicago
- International Energy Agency. "Trends in other light-duty electric vehicles – Global EV Outlook 2024." 2023. https://www.iea.org/reports/global-ev-outlook-2024/trends-in-other-light-duty-electric-vehicles. Accessed September 22, 2026. Cited from StatOrigin, https://statorigin.org/stat/stat_89PPKAQ44HH33R9TQGB3M2G1SF.
- BibTeX
- @misc{iea2023electricm2g1sf, author = {{International Energy Agency}}, title = {Trends in other light-duty electric vehicles – Global EV Outlook 2024}, year = {2023}, howpublished = {StatOrigin, https://statorigin.org}, url = {https://statorigin.org/stat/stat_89PPKAQ44HH33R9TQGB3M2G1SF}, note = {Original source: https://www.iea.org/reports/global-ev-outlook-2024/trends-in-other-light-duty-electric-vehicles. Accessed September 22, 2026.} }
Data published under CC BY 4.0. The citation credits the original publisher and links to this permanent record.
Provenance and verification
Everything needed to check this number yourself, without taking our word for it.
Primary source
- Publisher
- International Energy Agency · homepage ↗
- Authority tier
- Tier 1 · Multilateral Official
- Report
- Trends in other light-duty electric vehicles – Global EV Outlook 2024
- Type
- Report
- Published
- —
- Locator
- India overtakes China as the largest market for electric three-wheelers as global sales continue to grow
- Retrieved
- 22 September 2026
- Link status
- Reachable (HTTP 200)
- Report licence
- CC by 4.0
Verification
- Status
- Verified
- Review protocol
- pipeline:quote-verified-v2
- Checked on
- 29 September 2026
- Last revision
- 29 September 2026
- Permanent URL
- /stat/stat_89PPKAQ44HH33R9TQGB3M2G1SF