Asia to Become Global Leader in Electric Two-Wheeler Revolution

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China still sits comfortably at the top of the electric vehicle adoption markets in Asia. But others like India, Vietnam, and Indonesia are quickly catching up. Experts believe that the rest of the region will catch up in the race to decarbonize transportation, particularly in the production and adoption of electric two-wheelers (E2W).

Research analysts IDTechEx said that Asia currently accounts for more than 90 percent of all global two-wheeler sales. The three largest markets ranked by annual sales are China, India, and Southeast Asia. Meanwhile, consulting firm McKinsey & Company believed that India and Indonesia are set to become the second and third-largest markets of E2W by 2030.

The market for electric scooters and motorcycles is booming as more markets see increasing demand for eCommerce and last-mile deliveries in many markets across the region. Another emerging trend in the E2W market is the use of battery swapping to eliminate charging woes.

Learn more of this rapidly zooming E2W revolution at: The Asian Business Review