The ASEAN electric two-wheeler market is estimated to grow at a considerable CAGR during the forecast period. The increasing government initiatives and subsidies to provoke the sales of the electric vehicle is the key factor to propel the growth of ASEAN electric two-wheeler market. In April 2019, the Thailand Board of Investment (BOI) announced to reduce excise tax to 2% from 8% for eligible automobile companies planning to produce electric vehicles in the country. In addition, as per the presidential decree, 55/2019 in Indonesia, two-wheel EVs must have at least 40% Indonesian parts to qualify for a subsidy from 2023 on wards and at least 80% from 2026.

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The market is segmented on the basis of product type, battery type, and region. Based on the product type, the market is sub-segmented into electric scooters and electric motorcycles Based on the battery type, the market is sub-segmented into NiMH, Li-Ion, and others. The decline in cost of li-ion battery and inherent benefits offered by these batteries including smaller size, lighter weight, and higher energy density is anticipated to drive the market share of these batteries. Based on the region the market is segmented into China, Japan, India, and the rest of ASEAN.

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ASEAN Electric Two-Wheeler Market Segmentation

By Product Type
• Scooter
• Motorcycle

By Battery Type

• NiMH
• Li-ion
• Others

Regional Analysis

• Indonesia
• Thailand
• Malaysia
• Singapore
• Other

Company Profiles

• Bajaj Auto Ltd.
• BMW
• Harley-Davidson, Inc.
• Honda Motor Co.,Ltd.
• Mitsubishi Motors Corp.
• Segway Inc.
• Skutis Corp. Pte Ltd.
• Viar Motor Indonesia
• Xiomi, Inc.
• Yamaha Motor Co. Ltd.
• Zero Motorcycles Inc.

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