Effect of Increase in the Price of Petroleum and Increase in the Sales of Electric Scooter
Abstract: Our paper is among the first to measure the potential effect of increase in the price of petroleum vs increase in the sales of electric scooter. With the prices of petrol inching closer to Rs 100 per liter, the demand for battery operated scooters is on the rise as people want to save on fuel cost. As a result, the sale of e-scooters has increased considerably in the city. buyers of two-wheelers are also evincing interest in purchasing e-scooters and making enquiries about vehicles in the local showrooms Okinawa, a large scooter manufacturer in India, recently reported a 30% sales jump in the last quarter alone. The company attributes this largely to the rise in gasoline prices. Without being tied to a pump, electric motorcycle riders are insulated from fluctuating gasoline prices, and can instead “fill up” on much less expensive electricity from any wall outlet.