'Electric scooters to account for half of sales by 2027'
"The industry reached the tipping point after petrol crossed the '100 mark. Consumers have realised it is cheaper to go electric," said Sharma. "There are a couple of challenges. With demand exceeding supplies worldwide and new capacities (for batteries) yet to come on stream, costs have gone up. Then there is the question of subsidy (whether it will get extended beyond next fiscal)."
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