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Electric Two and Three-Wheeler Market - Industry Dynamics, Market Size, And Opportunity Forecast To 2030

Global Electric Two & Three-Wheeler Market- (By Vehicle Type – E-bikes, Electric Kick Scooters, Two-Wheeler and Three-Wheeler; By Usage – Personal and Commercials; By End User – Individuals and Businesses; and By Region) - Industry Dynamics, Market Size and Opportunity Forecast, 2030

  • Published On: 14-Mar-2022  |  Format: pdfpowerpointexcel  |  Report ID: AA0322167
    Delivery: 2 to 4 Hours
INFOGRAPHIC:
Electric Two and Three-Wheeler Market

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REPORT SCOPE

Report AttributeDetails
Market Size Value in 2021US$ 46,619.4 Mn
Expected Revenue in 2030US$ 1,53,622.6 Mn
Historic Data2017-2020
Base Year2021
Forecast Period2022-2030
UnitValue (USD Mn)
CAGR14.2% (2022-2030)
Segments coveredBy Vehicle Type, By Usage, By End-User, and Region
Key Companies                                Terra Motors Corporation, Hero Electric Vehicles Pvt. Ltd., Chongqing Zongshen Tricycle Manufacture Co. Ltd, and other prominent players.
Customization ScopeGet your customized report as per your preference. Ask for customization

FREQUENTLY ASKED QUESTIONS

Electric vehicle runs on electricity alone and employs an electric motor instead of combustion engine.  

Less air pollution, less noise pollution, higher efficiency, low maintenance cost, and low fuel and operating costs are some of the benefits associated with electric vehicles.  

Gas-powered vehicles are declining as gas is not a renewable source of energy and doesn’t promote sustainable development. 

Global Electric Two & Three-Wheeler Market was valued at US$ 46.61 Bn in 2021. 

Global Electric Two & Three-Wheeler Market is estimated to expand at a CAGR of 14.2% during the forecast period 2022-2030. 

The market is majorly driven by factors such as growing demand for energy-efficient commuting and government support through subsidies and tax rebates. 

The lack of EV charging infrastructure and poor design & performance standard of electric vehicles poses a big challenge to the market growth.  

Clean and renewable energy sources like solar and wind power are being increasingly integrated into the utility grids used to charge electric vehicles to reduce the use of hydrocarbon-based energy sources.  

Global Electric Two & Three-Wheeler Market is segmented based on vehicle type, usage, end users, and region.

E-bikes holds the highest share in the Global Electric Two & Three-Wheeler Market in 2021. 

Individuals are the highest end users in the Global Electric Two & Three-Wheeler Market. 

Asia Pacific dominates the Global Electric Two & Three-Wheeler Market. 

The key players in the Global Electric Two & Three-Wheeler Market are Arcimoto, Biliti Electric Inc.,Omega Seiki Mobility, Terra Motors Corporation, Hero Electric Vehicles Pvt. Ltd., Daymak and Saera Electric Auto Pvt. Ltd. among others. 

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