Global Electric Two-Wheeler Market Report 2022: Improving Battery Life, Performance & Efficiency Crucial for Continued Growth – QNT Press Release

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DUBLIN, Nov. 25, 2022 /PRNewswire/ — The “Global Electric Two-Wheeler Market, By Vehicle Type (Scooter/Mopeds, Motorcycle), By Range (Less than 50Km, 50-100Km, 101-150Km, Above 150Km), By Battery Capacity, By Battery Type, By Region, Size , Share, Trends, Competition, Opportunity and Forecast, 2016-2026” report has been added to ResearchAndMarkets.com’s offering.

The Global Electric Two-wheeler Market stood at USD10,629.17 million in 2020 and is anticipated to grow at a CAGR of 14.08% during the forecast period to reach USD26,476.81 million by 2026. Increasing government initiatives to support the production and sales of electric two-wheeler vehicles in the form of income tax incentives and subsidies, growing demand for energy-efficient commuting and ongoing technological advancements are the primary factors that are drive expended of the Global Electric Two-wheeler Market for the forecast period.

Increasing environmental concerns due to growing consumer awareness about the harmful effect of greenhouse emissions on the environment are making way for the high adoption of electric vehicles worldwide. Electric two-wheelers are witnessing high demand from all ord the world fable as they are a Wheeler vehicles, can easily maneuver through dense traffic and have low operating and maintenance costs.

Market players are investing in research and development activities to develop innovative solutions to increase the battery life, performance and fuel efficiency and launch new electric two-wheelers models in attractive design, size, color to boost their sales. However, performance lacks constraints proper charging infrastructure may hinder…

Full story available on Benzinga.com

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