Electric Two Wheel Vehicles In Asia Pacific

The electric vehicles find major applications in commercial passenger and personal vehicles.

Electric two wheel vehicles in asia pacific.

Electric two wheel vehicles in asia pacific. Our newsletter is published every. Electric two wheel vehicle sales by country asia pacific. Different products including e scooters and e bikes are majorly contributing to the electric two wheeler market size in asia.

Sales will be dominated by china where annual. Key findings in electric two wheel vehicle market opportunities include. On the other hand electric powered bikes and scooters are also growing significantly in the region with china japan and india leading the electric bikes and scooters market. 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.

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. 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. Some 65 5 million electric bikes scooters and motorcycles could hit the road in the asia pacific region until 2018. 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.

The region boasts of the presence of conducive economies like australia india japan and china. The asia pacific electric vehicle market is estimated to project a cagr of 21 06 during the forecast period 2020 2028.