Asia-Pacific Electric Three-wheeler Market: Insights Into Trends, Revenue, And Opportunities From 2018-2028Posted by Kumar on May 30th, 2023 According to TechSci Research report, “Asia-Pacific Electric Three-wheeler Market- By Country Competition Forecast and Opportunities, 2018-2028”. Asia-Pacific electric three-wheeler market is expected to expand as governments of various Asian countries plan to phase out the production and sale of gasoline and diesel vehicles in the coming years. This action is expected to boost the market for electric vehicles in the area, assisting the market to grow over the forecast period. For example, the Government of India and the National Institution for Transforming India (NITI Aayog) aimed that by 2030, EVs would account for 80% of two- and three-wheeler sales. In terms of performance, maintenance, and initial cost of purchase, electric three-wheelers outperform their IC engine counterparts. The electric three-wheeler core unique selling points are fewer range-related issues, affordability, and a better value proposition in the shared mobility space. Vehicle electrification has become a trend in the automotive industry, and it represents a path toward greater energy efficiency as well as lower emissions of pollutants and other greenhouse gases. The growing environmental concern is the primary driver of the growth. As more operators enter the region's market, charging solutions such as battery swap, semi-public and public charging, and home-based charging evolve. The governments of various nations in the region support electric three-wheeler OEMs and startups, shared mobility services and charging solution providers, that comprise the electric three-wheeler ecosystem. Customers have access to an increasing number of innovative business models and cost-effective financial options, and the availability of a wider range of vehicle models, which is expected to increase the adoption of electric three-wheelers in the region.
Customers can also request for 10% free customization on this report. “The demand for electric vehicles is expected to rise because of the less ownership cost of the electric vehicles and the market is expected to generate new opportunity as new players are entering into the race and this will bring more competitive products in the market and the government emission norms is also influencing the demand. At the same time, increase in the adoption of electric three wheelers for public commute is expected to drive Asia-Pacific electric three wheeler market,” said Mr. Karan Chechi, Research Director with TechSci Research, a research-based global management consulting firm. Download Free Sample Report- https://www.techsciresearch.com/sample-report.aspx?cid=14669 Like it? Share it!More by this author |