The Indonesian electric two-wheeler market is primarily driven by the as large population and supportive government regulations. Some of the other factors fueling the growth of the market are a high level of vehicular pollution in the country and increasing demand to reduce the CO2 level by introducing a sustainable mode of transport.
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The Indonesian government plans to collaborate with the manufacturers to increase the electric vehicle fleet size in the country. The market for light electric vehicles is still in its nascent stage in the country. In March 2018, Mitsubishi Motors Corp. has partnered with the Indonesian government on the use of electric vehicles to help the country reduce exhaust emissions and develop a greener environment.
On the basis of battery type, the market is segmented into sealed lead acid, Li-ion, and NiMH. Of all, sealed lead acid is the most common type of battery used in the electric two-wheelers in Indonesia. Lower prices are the primary reason behind the highest share of a sealed lead-acid battery in the Indonesian electric two-wheelers market.
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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.
Product Insight and Forecast 2014-2024
- E-scooters
- E-bikes
- E-motorcycles
- Others
Source: VynZ Research