VENICE ECO may reduce the cons of Electric Two wheeler segment in Indian market CY2O22

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As looking forward with the increasing demand of electric vehicles in India as well as in Asia, there are some vital drawbacks in electric vehicles that are restraining the market of electric vehicles in India such as availability of lithium hydroxide, efficiency of electric vehicles, capability of electric vehicles for carrying heavy goods, future power demand rise and moreover there is a one major draw backs that currently have been depicted in EV market that is fire catching of two wheeler EVs. 24 two wheeler EV  fire incident took place between March 2022 and April 2022. A 7 year old child dies in Maharashtra Palgarh due to explosion of electric two wheeler scooter battery during charging. On 12 sept 2022 fire incident took place in a EV showroom due to explosion of EV battery in which 8 peoples killed. OLA electric, Okinawa and Pure EV are some OEMs whose two wheeler electric scooters caught fire incidents. These incidents are affecting the market growth of EV as it is becoming a major concern for ministry of health and welfare in India.