Press release
How are Governments Contributing to Boom of Asia-Pacific Electric Three-Wheeler Market? Top Key Players are Terra Motors Corporation, HERO ELECTRIC VEHICLES PVT LTD, JIANGSU EAST YONSLAND VEHICLE MANUFACTURING CO.,LTD., Lohia Auto, Atul Auto Ltd.
Asia-Pacific Electric Three-Wheeler Market Key Players are:
1- Terra Motors Corporation
2- HERO ELECTRIC VEHICLES PVT LTD
3- JIANGSU EAST YONSLAND VEHICLE MANUFACTURING CO.,LTD.
4- Lohia Auto
5- Atul Auto Ltd.
Download sample copy of this report@ https://www.psmarketresearch.com/market-analysis/apac-electric-three-wheeler-market/report-sample
Driven by the above-mentioned factors, the Asia-Pacific (APAC) electric three-wheeler market is expected to register a CAGR of 4.1% during 2018-2023 (forecast period) and generate revenue of $11,935.1 million by 2023. There are mainly two types of electric three-wheelers -- load carriers and passenger carriers. Of these, the passenger carriers are expected to observe higher sales during the forecast period, due to the presence of a large customer base and the rising popularity of low-cost shared mobility services in the region.
Electric three-wheelers are either powered by sealed lead-acid (SLA) batteries or lithium-ion (Li-ion) batteries. Of these two types of batteries, the SLA batteries registered higher sales in 2017, as they are cheaper. However, the li-ion batteries, owing to their rapidly reducing prices, are expected to record faster growth in usage in the APAC electric three-wheeler market in the near future. Additionally, the Li-ion batteries offer numerous advantages over the SLA batteries such as lighter weight, higher energy density, much lower environmental damage, and greater life span and thus, these batteries are observing soaring demand across the world.
Get Detailed COVID-19 Impact Analysis on the Asia-Pacific (APAC) Electric Three-Wheeler Market: https://www.psmarketresearch.com/speak-analyst/apac-electric-three-wheeler-market/Y292aWRfcXVlcnk=
APAC ELECTRIC THREE-WHEELER MARKET
By Vehicle - Passenger Carrier and Load Carrier
By Motor Power - 1,500 W
By Battery - Sealed Lead Acid (SLA) and Lithium-Ion (Li-Ion)
By Country - China, India, Japan, Indonesia, Philippines, South Korea, Malaysia, Singapore, Bangladesh, Nepal, Thailand, and Rest of APAC
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