The ASEAN electric two-wheelers market is projected to grow at a considerable CAGR during the forecast period (2019-2025). The factors that are propelling the growth of the market include rising government initiatives and incentives to increase the sale of electric vehicles. In February 2019, Indonesia announced a $4 billion Chinese-led project for the production of nickel laterite ore which is used in lithium batteries and this will attract EV production in the country. In addition, the Indonesian government also aimed to produce 20% of the total vehicle production to be the electric vehicle by 2025, which are around 400,000 vehicles.
(Get 15% Discount on Buying this Report)
A full report of ASEAN Electric Two-Wheeler Market is available at: https://www.omrglobal.com/industry-reports/asean-electric-two-wheeler-market
Moreover, in November 2020, the Thailand Board of Investment (BOI) announced $1.1 billion for the investment in the deployment of electric vehicle production and also received a 90% reduction of import duties for battery cells. In 2020, the National Electric Vehicle Policy Committee (NEVPC) announced a roadmap to produce around 2.1 million EVs by 2036, in which Thailand aims to produce between 60,000 to 110,000 EVs yearly by 2022. Besides 100,000 to 300,000 EVs to produce yearly by 2025 and 400,000 to 750,000 EVs to produce by 2026. The benefit of the government will significantly drive the ASEAN electric two-wheeler industry.
To learn more about this report request a sample copy @ https://www.omrglobal.com/request-sample/asean-electric-two-wheeler-market
- Market number available for – 2018-2025
- Base year- 2018
- Forecast period- 2019-2025
- Segment Covered- By Product Type and By Battery Type
- Region Covered- ASEAN
- Competitive Landscape- Xiaomi, Inc., Bajaj Auto Ltd., Mitsubishi Motors Corp., BMW, Harley-Davidson, Inc., Honda Motor Co., Ltd., Segway Inc., and others.
Key Questions Addressed by the Report
- What is the market growth rate?
- Which segment dominates the market in the base year?
- Which segment will project the fastest growth in the market?
- How COVID-19 impacted the market?
- Who is the leader in the market?
- How players are addressing challenges to sustain growth?
- Where is the investment opportunity?
ASEAN Electric Two-Wheelers Market Report Segment
By Product Type
By Battery Type
ASEAN Electric Two-Wheelers Market Countries Covered
For more customized data, request for report customization @ https://www.omrglobal.com/report-customization/asean-electric-two-wheeler-market
- Bajaj Auto Ltd.
- Harley-Davidson, Inc.
- Honda Motor Co.,Ltd.
- Mitsubishi Motors Corp.
- Segway Inc.
- Skutis Corp. Pte Ltd.
- Viar Motor Indonesia
- Xiomi, Inc.
- Yamaha Motor Co. Ltd.
- Zero Motorcycles Inc.
Reasons to Buying From us –
- We cover more than 15 major industries, further segmented into more than 90 sectors.
- More than 120 countries are for analysis.
- Over 100+ paid data sources mined for investigation.
- Our expert research analysts answer all your questions before and after purchasing your report.
About Orion Market Research
Orion Market Research (OMR) is a market research and consulting company known for its crisp and concise reports. The company is equipped with an experienced team of analysts and consultants. OMR offers quality syndicated research reports, customized research reports, consulting and other research-based services.
For More Information, Visit Orion Market Research
Contact Person: Mr. Anurag Tiwari
Contact no: +91 780-304-0404
Company Name: Orion Market Research
Press Release Distributed by Xherald