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EVs Help Grow Freight Driver Income by 25% — But Financing Terms Decide Who Actually Benefits

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EVs Help Grow Freight Driver Income by 25% — But Financing Terms Decide Who Actually Benefits

The post EVs Help Grow Freight Driver Income by 25% — But Financing Terms Decide Who Actually Benefits appeared first at EVreporter on EVreporter.

A new study finds that owner-cum-drivers saw net income fall 41% after switching to EVs, even as lease-based and salary-based drivers gained. Smart Freight Centre and Shell Foundation say the outcome is decided not by the vehicle, but by how it is financed.

A new report from Smart Freight Centre and Shell Foundation, “Driving Income Uplift: Designing Inclusive EV Financing for India’s Freight Drivers,” finds that switching to an electric vehicle can raise a freight driver’s income by close to 25% on average, driven largely by lower fuel and maintenance costs. But, the report also shows this uplift is far from guaranteed for every driver. For owner-cum-drivers, net income fell by 41% when moving from ICE to EV operations under current, “as-is” market conditions.

The report is based on a survey of over 1,500 drivers across 11 Indian states — Punjab, Haryana, Delhi, Bihar, Karnataka, Maharashtra, Telangana, West Bengal, Madhya Pradesh and Uttar Pradesh — covering both three-wheeler (3W) and four-wheeler (4W) freight segments.

EVreporter looks at the report’s findings on driver income across business models, with commentary from Prof. Dr. Ing. Christoph Wolff, CEO – Smart Freight Centre, and Amresh Sharma, Business Development Advisor for the Transporter Portfolio at Shell Foundation.

The report groups freight drivers into three operating models, each of which distributes financing obligations, utilisation risk and ownership benefits differently:


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