Malaysia Electric Two-Wheeler Market Size 2022 COVID-19 Impact Analysis by Business Opportunities, Key Manufacturers, Growth Drivers and Future Outlook 2026: Ken Research

Overview of Malaysia Electric Vehicle Industry Size:

Electric Two-Wheeler Market in Malaysia recorded a positive CAGR of xx% on the basis of revenue generated in between 2016 and 2021. The Malaysian market is primarily driven by the anticipated government initiatives in the coming years along with the need to curb vehicular emissions. The electric two-wheeler market size in Malaysia is primarily driven by a variety of goods, such as e-scooters and e-motorcycles. The electric two-wheeler set-up appears a lot more promising, in the form of research, financial acquisitions & investments, that makes the electric vehicle segment thrilling. Electric two-wheelers, by its swiftness and dexterity, easy operability and maintainability, affordability and low pollution, are most welcome among different categories of users. Mostly the customer segment that wants this change in pace includes city dwellers, short distance commuters, frequent road drivers and users of special needs. Besides personal use, electric two-wheelers also increasingly find their place in public service, such as urban sanitation, domestic and short distance patrolling, in delivery service, etc. As fuel prices climb, consumers prefer to switch to battery-powered electric bikes and scooters. There is a growing demand of two-wheelers in B2B services such as scooter sharing, hailing, and last mile transportation.

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Along with being noisy, the mushrooming number of conventional cars, motorcycles and scooters is driving up energy consumption, air pollution and greenhouse gas emissions. To combat those problems, Malaysia, with support from the United Nations Environment Programme (UNEP), is encouraging drivers to trade in gas-guzzlers for electric motorbikes.

UNEP has worked with electric vehicle associations in Malaysia, the Philippines, Singapore and Thailand to develop comprehensive recommendations for policymakers to spur the adoption of electric two- and three-wheelers. The incentives announced in Budget 2022 are expected to kick start EV adoption among the general public and the plans for government fleet electrification will further pave the way to instill public confidence and interest. Technological advancements in electric vehicle industry have made electric two-wheelers affordable and increased their performance and efficiency. The major reason for the affordable prices of electric scooters and bikes is the advancement in battery technology. In Malaysia, the launch of the National Low Carbon Cities 2030 plan, entails the establishment of 200 low carbon zones across the country, which may bring about a greater push for green vehicle options, including EVs.

Malaysia Electric 2-Wheeler Market Segmentation, 2021

By Type of Electric Vehicle (4-Wheeler and 2-Wheeler): In 2021, Electric 4-Wheelers dominated the Electric Vehicle Market in Malaysia and generated a revenue of USD xx Million. Electric 2-Wheelers helped in contributing xx% of the total Electric Vehicle market in Malaysia generating a revenue of USD xx Million.

By Type of E2V Battery Capacity (25Ah): In 2021, Electric 2-Wheelers using a battery capacity of

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