Indonesia Electric Two-Wheelers Market Size, Share, Growth, Analysis and Forecast Research Report 2024

The Indonesian electric two-wheeler market is primarily driven by the as large population and supportive government regulations. Some of the other factors fueling the growth of the market are a high level of vehicular pollution in the country and increasing demand to reduce the CO2 level by introducing a sustainable mode of transport.

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The Indonesian government plans to collaborate with the manufacturers to increase the electric vehicle fleet size in the country. The market for light electric vehicles is still in its nascent stage in the country. In March 2018, Mitsubishi Motors Corp. has partnered with the Indonesian government on the use of electric vehicles to help the country reduce exhaust emissions and develop a greener environment.

On the basis of battery type, the market is segmented into sealed lead acid, Li-ion, and NiMH. Of all, sealed lead acid is the most common type of battery used in the electric two-wheelers in Indonesia. Lower prices are the primary reason behind the highest share of a sealed lead-acid battery in the Indonesian electric two-wheelers market.

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Zero Motorcycles Inc., Segway, Inc., Viar Motor Indonesia, Skutis Corporation, and Xiomi, Inc. are some of the key players operating in the Indonesian electric two-wheelers market.


Product Insight and Forecast 2014-2024

• E-scooters
• E-bikes
• E-motorcycles
• Others

Source: VynZ Research

China Electric Two-Wheeler Market Size, Overview, Trends, Types, Applications, Key Player’s, Competitive Analysis & Growth by 2024

The Chinese electric two-wheeler market is driven by the significant demand for electric two-wheelers over the last few years with the increasing urbanization and increasing disposable income, and congestion in the urban areas of the country.

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Some of the other factors leading to the growth of the market include the increasing demand for electric scooters in the country, favorable government regulations, the presence of a large number of local players and increasing investment on battery technology development.

Of all battery type, sealed lead acid is the most common type of battery used in the electric two-wheelers in China. Comparatively lower price of sealed lead acid battery and their high-power output makes them preferable battery for electric two-wheelers segment.

Based on voltage, the market is segmented into 24V, 36V, 48V, 60V, 72V. Of all, 48V electric two-wheeler holds the largest share in the Chinese electric two-wheeler market, followed by 36V two-wheelers.

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Jiangsu Kingbon Vehicle Co., Ltd, AIMA Technology Group Co. Ltd, Zhejiang Luyuan Electric Vehicle Co., Ltd., Jiangsu Xinri E-Vehicle Co., Ltd. (SUNRA) and Yadea Technology Group are some of the key players operating in the Chinese electric two-wheelers market.

Source: VynZ Research

India Electric Two-Wheeler Market Growth and Analysis 2018-2024, Ather Energy, Spero Electric, Lohia Auto Industries

Increasing government initiatives, increasing urbanization are the key factors fueling the growth of the electric-two wheelers market in India. In 2018, Indian government confirmed subsidies for all type of electric vehicles. Faster Adoption and Manufacturing of (Hybrid &) Electric Vehicles II (FAMEII) scheme has been finalized in April this year. As per the scheme, the government will invest INR 5,500 crores (~ USD 784 million) in the next five years. The governing panel decided that the subsidiary will be provided for all kinds of electric vehicles including light electric vehicles.

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E-motorcycles are anticipated to witness the fastest growth during the forecast period. E-motorbikes also called electric motorcycles are plug-in electric vehicles, that functions similar to a traditional motorcycle but make use of electricity in place of gasoline. The e-motorbikes have a slightly higher speed compared to e-bikes and e-scooters, which is generally more than 50km/hr.
Based on voltage, the market is segmented into 24V, 36V, 48V, 60V, 72V. Of all, 48V electric two-wheeler holds the largest share in the Indian electric two-wheeler market, followed by 36V two-wheelers. Most of the e scooters run with a battery of 48V which provides it optimum power to perform better in the congested metropolitan cities of the country.

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Market players in the Indian electric two-wheeler industry are launching new products and investing huge capital for capacity expansion in order to cater to rising demand. Ather Energy launched its flagship product Ather 450 electric scooters in Bengaluru. The Ather 450 has a top speed of 80km/hr and comes with 3.3kW BLDC motor.

Hero Electric Vehicles Pvt. Ltd., Okinawa Autotech Pvt. Ltd., Ather Energy, Spero Electric, Lohia Auto Industries, and Yadea Technology Group are some of the key players operating in the Indian electric two-wheelers market.

Source: VynZ Research