Asia-Pacific Electric Three-Wheeler Market Outlook to 2023 - The Low Ownership Cost of Electric Three-Wheelers & Falling Battery Prices is Driving Growth - ResearchAndMarkets.com
The growth of the market is predominantly driven by the low ownership cost of electric three-wheelers, falling battery prices, and favourable government policies and support.
- The growth of the market is predominantly driven by the low ownership cost of electric three-wheelers, falling battery prices, and favourable government policies and support.
- On the basis of vehicle, the APAC electric three-wheeler market can be classified into passenger carrier and load carrier.
- With the aforementioned factors taken into account, the ownership cost of an electric three-wheeler is much lesser than that of conventional gasoline three-wheeler, which is driving the growth of the APAC electric three-wheeler market.
- Therefore, it can be said that the inadequate charging infrastructure is hindering the growth of the APAC electric three-wheeler market.