COVID-19 pandemic has triggered unprecedented lockdowns across the world, resulting in a demand-supply shock across industries. That is not all, the pandemic is also likely to have a long-lasting impact on consumer behaviour.
So what does this mean for India's buzzing electric vehicle segment and sharing platforms? Will this transformation in consumer behaviour mean more cars and bikes on the road? Could this be a make or break moment for individual transportation with electric vehicles leading the change or has the pandemic further kicked the EV can down the road?
Shereen Bhan discussed this with Anand Ayyadurai, CEO of VOGO, Tarun Mehta co-founder & CEO of Ather Energy, Amit Gupta co-founder & CEO of Yulu and Vivekananda Hallekere CEO & co-founder of Bounce.
One area that will witness this change in behaviour pattern is transportation. The future of mobility looks very different now than about two months ago, where we had seen a big shift towards shared mobility & a push for public & sustainable transport. It now seems that the tide is turning. People are prioritizing their health and avoiding crowded mass or shared transportation modes. According to an ING report, COVID-19 will leave its mark on mobility behaviour and see a temporary reversal of the upward trend in car sharing due to social distancing.