The Growth of Electric Vehicle Registration in the Regional Offices of Uttarakhand

Krishna Kumar Verma; Jyoti Singh

doi:10.21844/crr.v2i01.1118

Krishna Kumar Verma Department of Commerce, Hemvati Nandan Bahuguna Garhwal University, (A Central University), Srinagar, Uttarakhand.
Jyoti Singh Department of Commerce & Management, Ramanand Institute of Pharmacy &Management, Haridwar, Uttarakhand

DOI: https://doi.org/10.21844/crr.v2i01.1118

Keywords: Electric Vehicles, Growth, Two-wheeler, Three-wheeler, Four-wheeler.

Abstract

This study aimed to study the current status of electric vehicles in Dehradun and Uttarakhand. The secondary data related to
different types of cars registered in RTO offices in different years based on the wheeler and fuel were collected from the RTO
office for 2014, 2018, 2019, and 2023. The data were classified according to time, i.e., 2014, 2018, and 2019, to see the
changing behavior of vehicles sold by different agencies in the district. The CAGR is the annual growth rate vehicle. The
growth of vehicles in the market increased at an increasing growth rate (245 percent) during 2021 and (505 percent) in 2022.
The simple growth rate of electric two-wheelers was estimated to be 779 percent growth during 2018 over the preceding
year 2017 and 523 percent during 2017 over the preceding years. The study concluded that consumers' interest has shifted
from non-electric vehicles to electric vehicles.