IMARC Group, a leading market research company, has recently releases report titled “India Electric Two-Wheeler Market Report by Vehicle Type (Electric Scooter/Moped, Electric Motorcycle), Battery Type (Lithium-Ion, Sealed Lead Acid (SLA)), Voltage Type (<48V, 48-60V, 61-72V, 73-96V, >96V), Peak Power (<3 kW, 3-6 kW, 7-10 kW, >10 kW), Battery Technology (Removable, Non-Removable), Motor Replacement (Hub Type, Chassis Mounted), and Region 2024-2032”. The India electric two-wheeler market size is projected to exhibit a growth rate (CAGR) of 35.10% during 2024-2032.
India Electric Two-Wheeler Market Overview:
The policies made by government authorities to adopt electric vehicles as part of their commitment to reduce carbon emissions and promote sustainable transportation are the factors responsible for the growth of the India electric two-wheeler market. Additionally, there is a high adoption of electric two-wheelers owing to the growing emphasis on initiatives such as the Faster Adoption and Manufacturing of Electric Vehicles (FAME) schemes provide substantial subsidies on electric vehicles and charging infrastructure, which is fueling the market.
Moreover, the increasing cost of petrol and diesel fuels is compelling consumers to consider electric two-wheelers as a cost-effective alternative for daily commuting, which is bolstering the market. These factors are bolstered by the growing awareness of environmental issues among the Indian population, further driving the demand for eco-friendly transportation solutions.
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India Electric Two-Wheeler Market Trends:
Technological advancements in battery performance and electric motor efficiency are enhancing the appeal of electric two-wheelers, which is augmenting the market. In addition to this, improvements in lithium-ion battery technology have led to longer ranges with shorter charging periods, addressing two of the most significant barriers to electric vehicle adoption and thereby escalating the market.
Furthermore, the entry of several new startups, along with established automotive manufacturers, into the electric two-wheeler space is intensifying competition, leading to broader product offerings and price segments. These companies are increasingly focusing on integrating smart features such as GPS tracking, remote diagnostics, and smartphone connectivity, adding value to their consumer offerings, which is anticipated to drive the India electric two-wheeler market over the forecasted period.
India Electric Two-Wheeler Market Segmentation:
Vehicle Type Insights:
Electric Scooter/Moped
Electric Motorcycle
Battery Type Insights:
Lithium-Ion
Sealed Lead Acid (SLA)
Voltage Type Insights:
<48V
48-60V
61-72V
73-96V
>96V
Peak Power Insights:
<3 kW
3-6 kW
7-10 kW
>10 kW
Battery Technology Insights:
Removable
Non-Removable
Motor Replacement Insights:
Hub Type
Chassis Mounted
Regional Insights:
North India
West and Central India
South India
East and Northeast India
Ask Analyst for Customization and Explore Full Report with TOC & List of Figures: https://www.imarcgroup.com/request?type=report&id=21923&flag=C
Key Highlights of the Report:
• Market Performance (2018-2023)
• Market Outlook (2024-2032)
• Market Trends
• Market Drivers and Success Factors
• Impact of COVID-19
• Value Chain Analysis
• Comprehensive mapping of the competitive landscape
If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.
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