Updated analysis of incentives for electrifying India’s four-wheeler ride-hailing fleet

This follow-up to a 2019 ICCT study re-evaluates the 5-year total cost of ownership (TCO) of four-wheeler battery electric vehicles (BEVs) used for ride-hailing and compares the results with comparable conventional gasoline, diesel, and compressed natural gas (CNG) vehicle models in 2020. In this update, the authors selected the Mahindra eVerito D2, the latest variant of the same make and model of BEV that was included in the 2019 study, and another BEV, the Tata Nexon, which is currently among the most popular four-wheeler BEVs in India. In addition to the cities of Delhi and Hyderabad, Bangalore city is also included in this analysis. These three cities are among the top markets for ride-hailing four-wheelers in India and they have the highest shares of BEV four-wheelers when compared to other cities in the country.