In August 2018, the Government of India has confirmed subsidies for all type of electric vehicles. Faster Adoption and Manufacturing of (Hybrid &) Electric Vehicles II (FAME II) scheme has been finalized in April this year. In addition, the government of India will invest more than USD 784 million in the next five years. Therefore, this strategy has helped in the expansion of the market in the United States.
In February 2019, the Piaggio & C. SpA (Italy) Company has launched fully electric three-wheeler in India. Hence, this product launch will help in strengthening the position of the company in India. and In February 2018, the Lohia Auto Industries (India) Company has launched E Auto HS electric three-wheeler. In addition, the price of this product is approximately USD 2117.29 and comes with facilities such as central locking as well as GPS. This product launched has helped the company to expand its product portfolio of the company.
Keep yourself up-to-date with latest market trends and changing dynamics due to COVID Impact and Economic Slowdown globally. Maintain a competitive edge by sizing up with available business opportunity in Global Electric Three Wheelers Market various segments and emerging territory.
Electric Three Wheelers Market Overview
The electric three-wheeler is defined as the three-wheeled vehicle which is powered by an electric motor. Various benefits of using electric three-wheelers such as reduced harmful exhaust emissions, better air quality which leads to fewer health problems and other benefits. Increasing demand for low or no-emission vehicles for public transport is likely to be a prime driver for the global electric three-wheeler market.
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The study covers emerging player’s data, including: competitive situation, sales, revenue and global market share of top manufacturers are Jiangsu Kingbon Vehicle Co. Ltd. (China),Changzhou Yufeng Vehicle Co. Ltd. (China),ATUL Auto Ltd. (India),Xianghe Qiangsheng Electric Tricycle Factory (China),Kinetic Green Energy & Power Solutions Ltd (India),Lohia Auto Industries (India),Terra Motors Corporation (India),Jiangsu East YonslandVehicle Manufacturing Co. (China),Electrotherm Ltd. (India),Hero Electric Vehicles Pvt. Ltd. (India),.
Latest released the research study on Global Electric Three Wheelers Market, offers a detailed overview of the factors influencing the global business scope. Electric Three Wheelers Market research report shows the latest market insights with upcoming trends and breakdown of the products and services. The report provides key statistics on the market status, size, share, growth factors of the Electric Three Wheelers.
Market Drivers
Increasing Awareness Regarding the Usage of Electric Vehicles
Growing Affordability of Electric Three-Wheelers
Market Trend
Increasing Initiatives to Promote Electric Three-Wheeler Vehicles Due to Increasing Environmental Concerns
Restraints
Major Concern regarding Long Charging Time and Inadequate Charging Infrastructure
Challenges
Lack of Awareness regarding Electric Three Wheeler
Issue related to High Prices of Electric Three Wheeler
The Global Electric Three Wheelers Market segments and Market Data Break Down are illuminated below:
by Body Type (Open, Closed), Vehicle Type (Passenger Carrier, Load Carrier), Voltage (36V, 48V, 60V, 60V or above), Battery Power (351 - 500W, 501 - 800W, > 800W), Battery Type (Lithium Ion, Lead Acid)
Region Included are: North America, Europe, Asia Pacific, Oceania, South America, Middle East & Africa
Country Level Break-Up: United States, Canada, Mexico, Brazil, Argentina, Colombia, Chile, South Africa, Nigeria, Tunisia, Morocco, Germany, United Kingdom (UK), the Netherlands, Spain, Italy, Belgium, Austria, Turkey, Russia, France, Poland, Israel, United Arab Emirates, Qatar, Saudi Arabia, China, Japan, Taiwan, South Korea, Singapore, India, Australia and New Zealand etc.
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Strategic Points Covered in Table of Content of Global Electric Three Wheelers Market:
Chapter 1: Introduction, market driving force product Objective of Study and Research Scope the Electric Three Wheelers market
Chapter 2: Exclusive Summary – the basic information of the Electric Three Wheelers Market.
Chapter 3: Displaying the Market Dynamics- Drivers, Trends and Challenges & Opportunities of the Electric Three Wheelers
Chapter 4: Presenting the Electric Three Wheelers Market Factor Analysis, Post COVID Impact Analysis, Porters Five Forces, Supply/Value Chain, PESTEL analysis, Market Entropy, Patent/Trademark Analysis.
Chapter 5: Displaying the by Type, End User and Region/Country 2015-2020
Chapter 6: Evaluating the leading manufacturers of the Electric Three Wheelers market which consists of its Competitive Landscape, Peer Group Analysis, BCG Matrix & Company Profile
Chapter 7: To evaluate the market by segments, by countries and by Manufacturers/Company with revenue share and sales by key countries in these various regions (2021-2026)
Chapter 8 & 9: Displaying the Appendix, Methodology and Data Source
Finally, Electric Three Wheelers Market is a valuable source of guidance for individuals and companies in their decision framework.
Data Sources & Methodology
The primary sources involves the industry experts from the Global Electric Three Wheelers Market including the management organizations, processing organizations, analytics service providers of the industry’s value chain. All primary sources were interviewed to gather and authenticate qualitative & quantitative information and determine the future prospects.
In the extensive primary research process undertaken for this study, the primary sources – Postal Surveys, telephone, Online & Face-to-Face Survey were considered to obtain and verify both qualitative and quantitative aspects of this research study. When it comes to secondary sources Company's Annual reports, press Releases, Websites, Investor Presentation, Conference Call transcripts, Webinar, Journals, Regulators, National Customs and Industry Associations were given primary weight-age.
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