Rising concerns towards environment and favorable government policies to boost electric two wheeler sales in Asia-Pacific through 2023
According to TechSci Research report, “Asia-Pacific Electric Two Wheeler Market, By Vehicle Type, By Battery Capacity, By Battery Type, By Country, Competition Forecast & Opportunities, 2013-2023”, Asia-Pacific electric two wheelers market is projected to cross $ 14.2 billion by 2023. Growth in the market is led by growing concerns about environment due to rising GHG emissions along with stricter government norms regarding vehicle emission standards. Moreover, government initiatives towards mass production of electric two wheelers with attractive tax waiver policies for electric vehicle production is further expected to positively influence Asia-Pacific electric two wheeler market in the coming years. On the basis of battery type, Asia-Pacific electric two-wheeler market is categorized into lead acid and li-ion battery segments, of which, the latter dominates the market on account of their increasing affordability and high energy density.
Browse 44 market data Figures spread through 74 Pages and an in-depth TOC on“Asia-Pacific Electric Two Wheeler Market”
segment dominated Asia-Pacific electric two-wheeler market with around 89% volume
share in 2017. Among countries, a large
demand for electric two-wheelers emanates from China on account of increasing purchasing power of individuals
across the country. Rising presence of
various companies such as Yadae Group Holdings Ltd, AIMA Technology Co., Ltd, Jiangsu
Xinri E-Vehicle Co., Ltd, Zhenjiang Luyuan Electric Vehicle, Dongguan Tailing
Electric Vehicle Co., Ltd., etc., and their expanding operations in Asia-Pacific
are further anticipated to intensify competition in the region’s electric
two-wheeler market over the course of next five years.
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“With continuing technological
enhancements along with favorable government schemes related to electric
vehicles, sales of electric vehicles are rising in Asia-Pacific. Moreover, rising
air pollution and increasing consumer acceptance are further anticipated to
fuel growth in Asia-Pacific electric two-wheeler market in the coming years.
Additionally, increasing online sales of electric vehicles coupled with growing
domestic manufacturing would further steer growth in the region’s electric
two-wheeler market during the forecast period.” said Mr. Karan Chechi, Research
Director with TechSci Research, a research based global management consulting
Two-Wheeler Market, By Vehicle Type, By Battery Capacity, By Battery Type, By
Country, Competition Forecast & Opportunities, 2013-2023” has analyzed the potential of electric
two-wheeler market in Asia-Pacific region, and provides statistics and
information on market sizes, shares and trends. The report will suffice in
providing the intending clients with cutting-edge market intelligence and help
them in taking sound investment decisions. Besides, the report also identifies
and analyzes emerging trends along with essential drivers and key challenges
faced by the industry.
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