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The Indonesian electric two-wheeler market is predicted to grow at 14.2% CAGR during the forecast period with its fleet size reaching 41,000 units by 2024. <br>The Indonesian market for light electric vehicles is largely motivated by the country's high level of automotive emissions and increased desire to reduce the level of CO2 by the implementation of a cleaner mode of transport. In Indonesia, numerous products, including e-scooters and e-bikes, contribute significantly to the scale of the Indonesia electric two-wheeler market.
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Indonesia Electric Two-Wheeler Market The Indonesian electric two-wheeler market is predicted to grow at 14.2% CAGR during the forecast period with its fleet size reaching 41,000 units by 2024. The Indonesian market for light electric vehicles is largely motivated by the country's high level of automotive emissions and increased desire to reduce the level of CO2 by the implementation of a cleaner mode of transport. In Indonesia, numerous products, including e-scooters and e-bikes, contribute significantly to the scale of the Indonesia electric two- wheeler market. By product, the market is categorized into e-scooters, e-bikes, e-motorcycles and others. E- scooters hold the largest share in the Indonesian market, in terms of revenue as well as fleet size. 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 Indonesia. 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 hold the largest share in the Indonesian electric two-wheeler market, followed by 36V two- wheelers.
The key factors driving the growth of the electric two-wheeler market in Indonesia are growing awareness of the use of electric vehicles, the need to curb vehicle emissions, and government initiatives. Government aims to work with suppliers to raise the size of the nation's electric vehicle fleet. The high cost of batteries and hence of electric vehicles, however, is the main factor impeding the development of the Indonesian two-wheeler electricity industry. Competitive Insights: Zero Motorcycles Inc., Segway, Inc., Viar Motor Indonesia, Skutis Corporation, and Xiomi, Inc. are some of the key players operating in the Indonesian 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
