The Malaysian electric two-wheeler market is primarily driven by anticipated government initiatives in the coming years along with the need to curb the vehicular emissions.
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The Malaysian light electric vehicles market is primarily driven by the anticipated government initiatives in the coming years along with the need to curb the vehicular emissions. The country had set out the target to support the adoption of over 100,000 EVs by 2020.
Based on product, the market is categorized into e-scooters, e-bikes, e-motorcycles, and others. E-scooters hold the largest share in the Malaysian market, in terms of revenue as well as fleet size. E-motorcycles are anticipated to witness the fastest growth during the forecast period.
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 Malaysia. Lower prices are the primary reason behind the highest share of a sealed lead-acid battery in the Malaysian electric two-wheelers market.
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Some of the key players offering electric two-wheelers in the country include Eclimo Sdn. Bhd., Airwheel Holding Limited and Ningbo MYWAY Intelligent Technology Co. Ltd.
Malaysia Electric Two-Wheeler Market Coverage
Product Insight and Forecast 2014-2024
Source: VynZ Research