Asia-Pacific Electric Two-wheeler Market Dynamics: Drivers, Restraints and Trends 2030

MANHATTAN, N.Y. - Feb. 15, 2023 - PRLog -- The Asia-Pacific electric two-wheeler market is poised for growth as several Asian governments have announced plans to prohibit the production and sale of gasoline and diesel vehicles in the coming years. This measure is expected to drive the demand for electric vehicles in the region, leading to an upswing in the market during the forecast period. For instance, the Indian government and the National Institution for Transforming India (NITI Aayog) have stated that electric vehicles will account for 80% of two and three-wheeler sales by 2028.

Furthermore, the entry of new players in the market has spurred the development of various charging solutions such as battery swap, semi-public and public charging, and home-based charging. The governments of different nations in the region are supporting electric two-wheeler OEMs and startups, shared mobility services, charging solution providers, and fintech companies to create a comprehensive electric vehicle ecosystem. There are several innovative business models and cost-effective financial options available to customers, which is contributing to the rising adoption of electric two-wheelers. The availability of a broader range of vehicle models is also expected to increase the adoption of electric two-wheelers in the region. The last-mile delivery and new startups are projected to drive demand for electric two-wheeler services, which will be crucial to the industry's expansion. Electric mobility solutions are expected to create significant growth opportunities for different ecosystem segments.

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The Asia-Pacific Electric Two-Wheeler Market can be categorized into segments based on Vehicle Type, Battery Capacity, Battery Type, and Country. The Vehicle Type segment is further sub-segmented into Scooter/Moped and Motorcycle, with the former capturing a higher market share due to the greater number of available models in this segment in the region. The Battery Capacity segment is segmented into two categories, <25Ah and >25Ah. The Battery Type segment is categorized into Lead Acid and Li-ion, with the Li-ion category dominating this segment due to its better efficiency figures and integration capabilities. The Country segment is segmented into China, India, Japan, Malaysia, Indonesia, Thailand, Vietnam, Singapore, South Korea, and Taiwan. The major developments are taking place in countries such as China, India, Japan, and South Korea as these countries are focusing on creating efficient ecosystems.

Some of the major companies operating in the Asia-pacific Electric Two-Wheeler Market include-

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