Electric Scooters Outlook For Asia-Pacific


Posted May 4, 2021 by Rahul_Gautam

Why Growth Asia-Pacific Electric Two-Wheelers Market is Reflective of Increasing Regional Urbanization?
 
The increasing pollution caused because of the usage of the fuel and gas-powered vehicles is a major factor responsible for the growing popularity of various eco-friendly modes of transportation such as electric scooters and motorcycles in the Asia-Pacific (APAC) region. In addition to this, the rapid urbanization, especially in the developing nations such as China and India, is pushing up the demand for highly convenient, affordable, and environment-friendly two-wheelers such as electric motorcycles and scooters.

In addition to being eco-friendly, these two-wheelers also play a major role in solving the increasing road congestion problems in the major cities of the APAC nations. Moreover, the governments of many APAC countries are rapidly enacting various policies and taking initiatives for promoting the usage of these vehicles, mainly to curtail the deteriorating air quality levels. The growing public awareness of the pollution caused by the fossil fuel-powered vehicles is also contributing toward the surging sales of electric motorcycles and scooters in APAC.

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Hence, with the ballooning adoption of these vehicles, the Asia-Pacific (APAC) electric scooters and motorcycles market will demonstrate substantial growth in the forthcoming years. Based on battery type, the market is categorized into lithium-ion (Li-ion) and sealed lead acid (SLA) batteries. Between the two, the SLA batteries registered the highest market growth, in terms of volume, in the past. However, in the future years, the lithium-ion category will exhibit faster growth in the market, on account of the longer lifespans and lighter weights of the Li-ion batteries than the SLA ones.

There are mainly two types of electric two-wheelers available in APAC— those powered by batteries and those having the plug-in feature. Of these, the sales of the electric scooters and motorcycles possessing the plug-in feature was found to be higher in the past and this trend will also continue in the upcoming years. As a result, the plug-in category, under the technology segment of the APAC electric scooters and motorcycles market, will demonstrate higher growth in the future. This is because of greater convenience provided by this technology and distinct lack of proper battery swapping facilities in the region.

Globally, China registered the highest growth, in terms of volume, in the APAC electric two-wheelers market in the years gone by, according to the findings of the market research company, P&S Intelligence. Furthermore, the country is predicted to continue dominating the market in the future years as well, owing to the rising implementation of various government policies and regulations for promoting the use of electric motorcycles and scooters such as ban on the purchase of gasoline-powered motorcycles in some cities and the provision of subsidies on the sales of electric scooters and motorcycles in the country.

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Therefore, with the increasing pollution levels in many APAC cities, rising road congestion, growing customer requirement of lighter and eco-friendly modes of transportation, and the implementation of favorable government policies, the sales of electric scooters and motorcycles will surge all around the APAC region in the coming years.
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Issued By Rahul Gautam
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Business Address 347, 5th Ave. #1402 New York City, NY - 10016
Country United States
Categories Automotive , Business , Industry
Tags demand for e bike , sales of electric bike , sales of electric scooters and motorcycles
Last Updated May 4, 2021