Global Electric Three-Wheeler Market to Record Protruding Growth With US$ 1,400.5 Million By 2028

July 2022 | Report Format: Electronic (PDF)

Electric three-wheelers may be used in a variety of sectors, including public transit within cities and the movement of products and activities from one location to another. Furthermore, as people become more interested in electric cars, three-wheeler manufacturers have released a slew of electric-powered three-wheelers, which is helping to drive the worldwide electric three-wheeler industry forward.

Considerations like a preference for electric three-wheelers as an environmentally beneficial and effective mode of transportation, a development in the pattern of last-mile connection, and an expansion in the need for cheap professional automobiles all contribute to the worldwide industry's development. Furthermore, the absence of EV charger standards and the expensive cost of batteries are limiting the worldwide electric three-wheeler industry.

Accessibility, agility, and door-to-door access are other important factors in three-wheeler transportation. In numerous middle class and low-income nations, including Africa, Nigeria, India, and others, three-wheelers provide a substantially lower and quicker mode of transportation, as well as greater route flexibility, than other modes of transportation. Three-wheelers are also connected to increased economic prospects in many low- and middle-income nations, which boosts worldwide consumption of three-wheelers.

In 2020, the electric three-wheeler industry was led by APAC. India is among the region's top investors in the electrical three-wheeler business. The nation's low-emission car sector is quickly expanding, thanks to official efforts and the participation of companies like Atul Auto, Mahindra & Mahindra,  Piaggio, and Lohia A

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Electric Three-Wheeler Market Report Highlights

• Piaggio Vehicles has introduced the Ape' E-Xtra FX, an e3W for freight providing clients. The car is approved by the Indian government's most recent subsidy plan and is fitted with battery switching capability.
• Ola deployed a complete network of Bajaj as well as Piaggio auto-rickshaws in the Liverpool region in March 2019, with the goal of surpassing Uber.
• Tata Motors raised pricing throughout its commercial automobile line in January 2021, clearing the path for more inexpensive three-wheelers for business use.

ELECTRIC THREE-WHEELER MARKET SEGMENTATION

The research report published by Market Research Strategy contains industry segments, as below-

Electric Three-Wheeler Battery Outlook (Revenue, USD Million, 2017 - 2028)

• Lithium-ion
• Lead acid

Electric Three-Wheeler Power Size Outlook (Revenue, USD Million, 2017 - 2028)

• Up to 1000W
• 1000W to 1500W
• Above 1500W

Electric Three-Wheeler End-User Outlook (Revenue, USD Million, 2017 - 2028)

• Passenger Carrier
• Load Carrier Others

Electric Three-Wheeler Regional Outlook (Revenue, USD Million, 2017 - 2028)

• North America
  • U.S.
  • Canada
  • Mexico
• Europe
  • Germany
  • U.K.
  • France
  • Italy
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
• Central & South America
  • Brazil
  • Argentina
• Middle East & Africa
  • Saudi Arabia
  • South Africa

List of Key Players- Electric Three-Wheeler Market

• Adapt Motors Pvt. Ltd.
• Atul Auto Limited.
• Bodo Vehicle Group Co. Ltd.
• Changzhou Yufeng Vehicle Co. Ltd.
• Electrode
• E-Tuk Factory B
• Groupe PSA
• J.S. Auto Pvt. Ltd.
• Jiangsu Kingbon Vehicle Co. Ltd.
• Kinetic Green Energy & Power Solutions Ltd.
• Lohia Auto Industries
• Mahindra & Mahindra Ltd.
• Piaggio & C.SpA.
• Scooters India Limited
• Terra Motors Corporation
• Xianghe Quiangsheng Electric Tricycle Factory

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