Press release
Electric Two-Wheeler Market Analysis: Growth Challenges, Opportunities And Forthcoming Developments
Electric Two-Wheeler Market
Indian Electric Two-Wheeler market is growing significantly on account of government support and several subsidies under its “FAME India” schemes, which support faster adoption of electric two-wheelers in the country. Market anticipation about the more favorable environment for the development of electric two-wheelers industry under “FAME-II” is also expected to aid the electric two-wheeler market in India in the coming years. The increasing number of electric two-wheeler manufacturers in India and their escalating focus on research & development to manufacturing technologically advanced and affordable electric two-wheelers is further expected to drive the Indian electric two-wheeler market over the forecast period
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Electric Two-Wheeler Market: Competitive Dynamics
Companies, such as Hero Electric Vehicles Pvt. Ltd., Lohia Auto Industries, Electrotherm (India) Ltd., Avon Cycles Ltd., Okinawa Autotech Pvt. Ltd., NDS Eco Motors Private Limited, Ampere Vehicles Pvt Ltd, Tunwal E-Bike India PVT. LTD, Ather Energy Pvt. Ltd., Tork Motors Private Limited, etc. are the key players in manufacturing Electric Two-Wheelers in India
Electric Two-Wheeler Market Analysis:
Air pollution concerns among the public is specifically forcing the automotive industry to decrease carbon footprint which supporting the necessity of the vehicle with alternative fuel. According to a new market report published, The India Electric Two-Wheeler Market is expected to expand at a CAGR of over 40% from 2018 to 2025, end of the forecast period. New entrants and various unorganized players are expected to disrupt the market
Electric Two-Wheeler Market Scope:
by Vehicle Type (Scooter and Motorcycle),
by Battery type (Lead Acid Battery, Lithium-ion Battery),
Voltage (36V, 48V, 60V, and 72V),
By Technology ( Plug-in and Battery)
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The electric two-wheeler market is mainly driven by strict emission norms and regulations, government incentives, and increasing environmental awareness. The emissions from conventional gasoline based vehicles cause environmental degradation. The government has started various measures for regulating carbon emissions, thereby indirectly driving the sales of electric scooters and motorcycles in the country. Moreover, the government also prolongs its support for these vehicles in the form of subsidies, thus, encouraging the adoption of these vehicles, as ‘good replacement’ of old conventional ones.
Regional Analysis:
• North Region
• East Region
• West Region
• South Region.
Report Benefits:
• Global and regional Electric Two-Wheeler Market forecasts from 2018 to 2023
• Identify Electric Two-Wheeler Market trends, challenges, and opportunities
• Identify leading service providers of Electric Two-Wheeler Market
• Analysis of Electric Two-Wheeler value chain, technology readiness, use cases, and services
• Know the full stack Electric Two-Wheeler vendor landscape including core technology and supporting technology.
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https://inforgrowth.com/report/2186700/Electric Two-Wheeler-market
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