Download
1 / 2
20 likes | 26 Views
The Thailand electric two-wheeler market is predicted to grow at 17.4% CAGR during the forecast period in terms of value. <br>The Thailand market is still at a nascent level, guided by the fact that non-governmental organizations are encouraging and fuelling the adoption of electric cars. Now, however, the country's government has kick-started its actions to embrace hybrid cars, particularly light electric vehicles. In Thailand, numerous products, including e-scooters and e-bikes, add significantly to the size of the electric two-wheeler market.
E N D
Thailand Electric Two-Wheeler Market The Thailand electric two-wheeler market is predicted to grow at 17.4% CAGR during the forecast period in terms of value. The Thailand market is still at a nascent level, guided by the fact that non-governmental organisations are encouraging and fuelling the adoption of electric cars. Now, however, the country's government has kick-started its actions to embrace hybrid cars, particularly light electric vehicles. In Thailand, numerous products, including e-scooters and e-bikes, add significantly to the size of the electric two-wheeler market. By product, E-scooters hold the largest share in the Thailand market, in terms of revenue as well as fleet size. E-motorcycles are anticipated to witness the fastest growth at a CAGR of 37.9%, in terms of fleet size, during the forecast period. By battery type, the market is segmented into sealed lead acid, Li-ion, and NiMH. Sealed lead acid is the most common type of battery used in the electric two-wheelers in Thailand. By battery technology, the market is categorized into removable battery and non-removable battery. Non-removable batteries are majorly used in the market as it is convenient for electric two-wheelers to plugin and charge batteries instead of removing and charging indoors. By voltage, the market is segmented into 24V, 36V, 48V, 60V, 72V. 48V electric two-wheeler holds the largest share in the Thailand electric two-wheeler market, followed by 36V two- wheelers.
Thailand still has an unexplored demand for electric vehicles and the number of electric vehicles remains low in the region. Organized legislation to facilitate and enable the introduction of electric vehicles in Thailand have yet to be drawn up by the country. The country's light electric vehicle market is primarily motivated by the fact that non- governmental organisations fund and fuel the introduction of electric vehicles. The country's government has launched its efforts towards the adoption of electric vehicles, including light electric vehicles.In Thailand, the government plans to operate 1.2 million electric vehicles and 690 charging stations in the nation by 2036.A letter of intent has been signed by the Thailand Automotive Institute with the Japan External Trade Organization (JETRO) for discussions on next-generation vehicles to develop Thailand's EV industry. Competitive Insights: STAR 8 (THAILAND) Co. Ltd., UDA Motor Co. Ltd, Honda Motor Company, Ltd., E-Revolution Co Ltd, and Ningbo MYWAY Intelligent Technology Co. Ltd. are some of the key players operating in the Thailand electric two-wheelers market. VynZ Research Call: +91-996-028-8381 Toll-Free (U.S. and Canada): +1-888-253-3960 Email: enquiry@vynzresearch.com Web: https://www.vynzresearch.com Connect with Us:LinkedIn | Facebook | Twitter
