Global Electric two-wheeler Market – Forecast and Analysis by vehicle type, battery type, and battery capacity range

The global electric two-wheeler has been estimated to grow at a moderately higher pace during the forecast period at an approximated CAGR of 9.2%. This study focuses on the global electric two-wheeler market present state, upcoming growth opportunities, future forecast, and key market players. The study aims to present the electric two-wheeler market development across all major regions across the globe. Electric two-wheeler vehicles are a light weight and easily maneuverable vehicle in congested streets. These vehicles can be charged effortlessly with the help of an electrical outlet and mostly have a removable or expendable battery that also deliver the convenience of indoor charging.

Government regulations for environment conservation to bolster the growth of electric two-wheeler market

Prospering demand for promising regulatory environment in favor of regulating the environmental conservation and pollution is anticipated to drive the electric two-wheeler demand over the forecast period. The presence of stern regulatory standards has reinforced the adoption of sustainable energy by enhancing the air quality and dropping the green-house gas emissions thus reduction in the dependence on the crude oil. Government throughout the globe are emphasizing on providing incentives and subsidies to the OEMs and customers to lower barriers associated with deployment of the electric two wheelers.

Lack of infrastructure and high cost of Electric two-wheeler Market to hinder its growth

On the basis of battery type, the global electric Two-wheeler market is segmented into lead acid, and Li-On. By battery type vehicle type, the Li-On market is expected to attain majority revenue share. The electric two-wheeler industry in the coming years is expected to face hindrance through various factors such as lack of infrastructure for vehicle charging and destitute performance of these electric two-wheeler. High costs pertaining with the battery charges of nickel–metal hydride (NiMH), and Lithium is also likely to hinder the industry during the forecast period. Besides, the disposal challenges and weight of the sealed lead acid (SLA) batteries imposes as a significant challenge for the OEMs and manufacturers in the adoption of electric two wheelers.

Emerging Economies Present High-potential Investment Pockets

Geographically the market is dominated by Asia Pacific region. The growth of the electric two wheeler market in Asia Pacific is owing to rapid urbanization and rising household incomes, fueling two-wheelers with the electric variant particularly in China, Japan, and India.The growth in this region is attributed to increased demand for electric two-wheeler from countries like China, India, and South Korea.

The key global players of electric two-wheeler market are AIMA Technology Co., Ltd, Dongguan Tailing Electric Vehicle Co., Ltd., Gogoro, Inc., Hero Electric Vehicles Pvt Ltd., Jiangsu Xinri E-Vehicle Co.,Ltd., Okinawa Autotech Pvt. Ltd., Shandong Incalcu Electric Vehicle Co., Ltd., Yadea Group Holdings Ltd., Zero Motorcycles, Inc. and Zhejiang Luyuan Electric Vehicle among others.