Numerous large and small manufacturers including Guewer, Evoke Motorcycles, Mac International, Sunra, and Bafang are planning to strengthen their product portfolios.
Notwithstanding the aftereffects of these challenges, the sector is regaining strength in the wake of COVID-19 vaccination drives across Asian countries.Ĭhina electric motorcycles & scooters market size is likely to grow considerably through the next five years, thanks to the multiplicity of vendors in the country. The disruption in supply-chain of raw materials and components evidently had a negative impact on the automobile sector. Get sample copy of this research report Īlthough during 2020 the electric motorcycles and scooters market in APAC witnessed a sluggish growth, the recovery of multiple regions is likely to revive demand through the next few months. For instance, during March 2019, the Government of India declared its plan to implement its FAME II scheme for accelerating EV manufacturing in the nation. As Asian governments have been offering subsidies for promoting electric vehicle (EV) adoption, the region is surfacing as the fastest growing market for electric vehicles. Thanks to the augmenting awareness pertaining to the adoption of alternate fuels, Asia Pacific electric motorcycles and scooters market size is anticipated to cross USD 39 billion by 2026.
