Electric Two Wheel Vehicles In Asia Pacific

Hurst adds that asia pacific in general and china in particular will dominate the global electric two wheel vehicle market representing more than 95 of sales during the next six years.

Electric two wheel vehicles in asia pacific.

China will make up the vast majority of the asia pacific e scooter market more than 15 4 million annual sales in 2018 followed by india more than 1 1 million units in 2018. The electric vehicles find major applications in commercial passenger and personal vehicles. Electric two wheel vehicles in asia pacific. The asian market is primarily driven by the technological advancements in battery technology government support and initiatives for electric vehicles increasing awareness for curbing vehicular emissions.

The region boasts of the presence of conducive economies like australia india japan and china. Pike research forecasts that annual sales of electric two wheel vehicles e scooters e motorcycles and e bicycles will show robust growth and reach more than 65 million units in 2018. Sales will be dominated by china where annual. Key findings in electric two wheel vehicle market opportunities include.

The asia pacific electric vehicle market is estimated to project a cagr of 21 06 during the forecast period 2020 2028. Asia pacific region is the largest market for the two wheel vehicles across the globe where ic engine powered two wheelers dominates the asia pacific two wheelers market. Electric two wheel vehicle sales by country asia pacific. Our newsletter is published every.

Electric two wheel vehicles in asia pacific. Different products including e scooters and e bikes are majorly contributing to the electric two wheeler market size in asia.