Asia Pacific Electric Two-Wheeler Market Analysis by Mordor Intelligence
The Asia Pacific Electric Two-Wheeler Market size is estimated at USD 124.53 billion in 2025, and is expected to reach USD 184.33 billion by 2030, at a CAGR of 8.16% during the forecast period (2025-2030). Mounting urban congestion, accelerating battery cost deflation, and coordinated regional policy support keep the growth curve steep while reshaping competitive priorities across supply chains. China’s production economies, India’s late-cycle demand surge, and proliferating Southeast Asian incentives collectively anchor a broad geographic opportunity set that lifts both volume and value. Consumers are steadily migrating from low-speed scooters to higher-output motorcycles as infrastructure densifies and charging anxiety recedes, prompting OEMs to recalibrate their model mixes toward premiumized, connected, and fleet-ready offerings. Meanwhile, advances in sodium-ion chemistry, mid-drive motor efficiency, and battery-swapping ecosystems extend the addressable customer base beyond early adopters and into high-frequency commercial users, ensuring the Asia Pacific electric scooters and motorcycles market retains momentum beyond policy deadlines.
Key Report Takeaways
- By vehicle type, electric scooters and mopeds led the Asia Pacific electric two-wheeler market, accounting for a 63.71% share in 2024. Electric motorcycles are projected to expand at an 8.18% CAGR through 2030.
- By battery type, lithium-ion batteries captured 73.45% of the Asia Pacific electric two-wheeler market share in 2024, while sodium-ion cells are expected to register the highest forecast CAGR of 8.24% through 2030.
- By power output, sub-3.6 kW models accounted for 46.72% of the Asia Pacific electric two-wheeler market size in 2024, and high-performance (more than 10 kW) variants are expected to grow at an 8.23% CAGR through 2030.
- By drive type, hub motors accounted for 63.42% of the Asia Pacific electric two-wheeler market size in 2024; mid-drive architectures are projected to grow at an 8.19% CAGR through 2030.
- By end-use, personal ownership dominated with a 54.83% of the Asia Pacific electric two-wheeler market size in 2024; commercial and corporate fleets are expected to rise fastest at an 8.26% CAGR over the forecast period.
- By country, China retained 38.91% of the Asia Pacific electric two-wheeler market size in 2024, whereas India is forecast to post the strongest growth rate of 8.22% through 2030.
Asia Pacific Electric Two-Wheeler Market Trends and Insights
Drivers Impact Analysis
| Driver | (~) % Impact on CAGR Forecast | Geographic Relevance | Impact Timeline |
|---|---|---|---|
| Government Subsidies | +2.1% | Global, with peak impact in India, Thailand, Indonesia | Short term (≤ 2 years) |
| Rapid Urbanisation | +1.8% | Asia Pacific core, strongest in India, Indonesia, Vietnam | Medium term (2-4 years) |
| Declining Li-Ion Battery Prices | +1.5% | China-led, spillover to India, Southeast Asia | Long term (≥ 4 years) |
| Rise Of Low-Speed, Licence-Exempt E-Two-Wheelers | +1.2% | India, Southeast Asia rural markets | Short term (≤ 2 years) |
| Growing Battery-Swapping Ecosystem | +0.9% | Taiwan, China, India urban centers | Medium term (2-4 years) |
| Corporate Fleet Sustainability Mandates | +0.7% | Urban Asia Pacific, led by Japan, Australia, Singapore | Long term (≥ 4 years) |
| Source: Mordor Intelligence | |||
Government Subsidies & Tightening Emission Norms
Fiscal support remains pivotal, with India’s FAME II rebates per vehicle and Thailand’s subsidy pool, which front-loads consumer payback periods [1]“FAME II Scheme 2024 Disbursement Data,” Ministry of Heavy Industries, mhi.gov.in . Indonesia aims for a one-fifth electric motorcycle penetration by 2030, buttressed by duty waivers on knocked-down kits and battery imports. Vietnam’s plan to prohibit internal-combustion motorcycles exceeding 175 cc within urban cores by 2030 aligns with the Euro 5 rollout, reinforcing a migration path toward electric models. The Asia Pacific electric scooters and motorcycles market anticipates a tapering of subsidies beyond 2026; however, cumulative cost savings and residual policy sticks, such as congestion fees and zonal bans, are expected to sustain demand without distorting price signals.
Rapid Urbanisation & Traffic Congestion
Rising urban density in Jakarta, Manila, and Mumbai reduces average peak-hour travel speeds to under 15 km/h, placing efficiency premiums on two-wheelers that can navigate narrow lanes and utilize flexible parking. Instant torque and regenerative braking make electric drive trains well-suited to stop-and-go patterns, nudging commuters toward the Asia Pacific electric scooters and motorcycles market for daily mobility. Indonesia’s motorcycle saturation, at 85 units per 100 people, indicates latent readiness for electrification as fuel costs erode household budgets. Bangkok’s and Ho Chi Minh City’s dedicated two-wheeler lanes further tilt modal preferences, while municipal congestion-charging pilots amplify the operating-cost advantage of zero-emission vehicles. Cumulatively, these traffic dynamics translate into a structural uptick in demand that outlives incentive cycles.
Declining Li-Ion Battery Prices & Local Cell Production
LFP cell spot prices fell below USD 80/kWh in 2024, breaching the cost-parity threshold for two-wheeler total cost of ownership versus gasoline peers. CATL and BYD invested in gigafactories across Thailand and Indonesia, trimming logistics overheads and monetizing tariff exemptions that reduce landed pack prices by one-fifth. India’s Production Linked Incentive program channeled a considerable amount into cell lines run by Ola Electric and Bajaj, shielding OEMs from currency fluctuations and import duties. Lower cell costs catalyze twin margin and affordability gains, enabling expanded model portfolios that diversify beyond entry-level scooters into performance motorcycles and fleet-optimized cargo variants.
Rise of Low-Speed, Licence-Exempt E-Two-Wheelers
In sub-50 km/h, licence-exempt categories, rural India and peri-urban Southeast Asia are gaining ground, where regulatory leniency and simple maintenance appeal to first-time buyers. OEMs utilize low-voltage architectures and sealed lead-acid batteries to achieve price points that are nearly one-fourth lower than those of entry-level gasoline scooters. Educational campaigns on safety and financing schemes orchestrated by micro-lenders further unlock demand, positioning these models as feeder channels into higher-performance segments once charging infrastructure matures.
Restraints Impact Analysis
| Restraint | (~) % Impact on CAGR Forecast | Geographic Relevance | Impact Timeline |
|---|---|---|---|
| Sparse Public Charging Beyond Tier-1 Cities | -1.3% | India, Indonesia, Philippines rural markets | Medium term (2-4 years) |
| Geopolitical Risk On Mid-Drive Motor Supply Chain | -1.0% | Global, concentrated impact on Japan, South Korea, Australia | Long term (≥ 4 years) |
| Safety & Fire Incidents Prompting Stricter Homologation | -0.8% | India-led, spillover to Southeast Asia | Short term (≤ 2 years) |
| Uncertain End-Of-Life Battery Value Chain | -0.6% | China, India manufacturing hubs, regulatory spillover to Asia Pacific | Medium term (2-4 years) |
| Source: Mordor Intelligence | |||
Sparse Public Charging Beyond Tier-1 Cities
In India, outside of major metropolitan areas, the availability of public chargers is significantly limited. In stark contrast, cities like Mumbai and Delhi have a much higher density of chargers. This disparity fosters range anxiety and hampers adoption in rural regions. Meanwhile, Indonesia's infrastructure is predominantly centered around Java, leaving its outer islands underserved and limiting inter-city applications. With low utilization rates, investor returns suffer, especially when capital expenditures vie with the prevalence of fuel stations. Original Equipment Manufacturers (OEMs) are bridging this gap by offering portable chargers and battery-swap features. Yet, the speed of infrastructure expansion is the key determinant for propelling the electric scooter and motorcycle market in the Asia Pacific beyond its urban confines.
Safety & Fire Incidents Prompting Stricter Homologation
In 2024, India witnessed numerous incidents of electric two-wheeler fires. This surge led to the introduction of mandatory BIS certification and rigorous testing for thermal runaway. In Thailand, regulators, responding to high-rise fires associated with subpar chargers, significantly extended approval timelines. This move has escalated compliance costs for smaller assemblers. Although these heightened standards ultimately bolster consumer trust, they also present challenges. OEMs face immediate product delays and increased re-engineering costs, which impact their cash flows and inventory cycles, and consequently moderate short-term shipment growth.
Segment Analysis
By Vehicle Type: Motorcycles Accelerate Despite Scooter Dominance
Electric scooters held a commanding 63.71% share of the Asia Pacific electric two-wheeler market in 2024. Yet, motorcycles are forecast to log an 8.18% CAGR through 2030, reflecting a distinct shift toward performance-oriented mobility. Domestic Chinese brands are expanding their export rosters with models that have a range of 150 km or more, aligning with European licensing categories and broadening the addressable revenue base. India’s Revolt and Ultraviolette escalate powertrain voltage and adopt connected telematics to lure premium enthusiasts who have historically been loyal to ICE sport bikes. Commercial delivery networks in Bangkok and Jakarta prefer motorcycles due to their higher payload thresholds, which increases contract demand and stabilizes residual values.
As the battery pack's gravimetric density surpasses 200 Wh/kg, OEMs can fit larger modules without breaching curb-weight limits, thereby satisfying consumer range expectations under 90-minute recharge cycles. Regulatory frameworks in the Asia Pacific electric scooter and motorcycle market also influence the market by mandating helmet standards and insurance coverage that now mirror those of traditional motorcycles, thereby normalizing ownership costs.
By Battery Type: Sodium-Ion Disrupts Lithium Hegemony
Lithium-ion batteries are expected to hold a 73.45% share of the Asia Pacific electric two-wheeler market in 2024. Still, sodium-ion cells are projected to achieve an 8.24% CAGR through 2030, driven by raw-material availability and 15–20% cost savings. CATL’s 2024 production rollout positions sodium packs as range-appropriate for sub-100 km commuter routes, making them viable for subscription-based leasing models that prioritize affordability. LFP chemistry holds a safety edge following 2024 thermal incidents, leading Indian assemblers to adopt it as the de facto standard for mid-priced scooters in the Asia Pacific electric scooter and motorcycle market.
Polymer lithium variants are increasingly used in high-end motorcycles, where form-factor flexibility justifies price premiums, especially when paired with active thermal management. Lead-acid persists in low-speed rural vehicles, capturing down-market customers who value simple charging over energy density, though its share progressively erodes as recycling mandates tighten. Early-stage solid-state prototypes remain confined to R&D fleets, but incremental breakthroughs in anode ceramics promise step-change safety that could recalibrate battery strategy post-2030. Collectively, chemistry diversification insulates OEMs from nickel and cobalt volatility, ensuring stable pack-price trajectories that underpin multi-segment expansion.
By Power Output: High-Performance Segment Emerges
Sub-3.6 kW platforms accounted for a 46.72% share of the Asia Pacific electric two-wheeler market in 2024, primarily due to lenient licensing and attractive upfront pricing. Meanwhile, models exceeding 10 kW chart the fastest 8.23% CAGR through 2030, as consumers chase highway capability. Thailand’s motorcycle-taxi cooperatives specify 7.2-10 kW units to satisfy express-lane regulations and passenger payloads, creating scale economies for mid-tier suppliers. Fleet operators equate higher power with broader service radii, resulting in improved route planning efficiencies and enhanced asset utilization.
As LFP cost curves flatten, OEMs allocate capacity to high-output drivetrains without proportionally inflating MSRP, thereby broadening adoption beyond affluent early adopters. Simultaneously, the Asia Pacific electric scooter and motorcycle market enjoys favorable insurance premiums, based on actuarial data that show lower accident rates for torque-moderated electric models compared to similar gasoline-powered bikes. Governments also reassess power-band tax slabs, with Vietnam considering reduced excise duties on electric motorcycles above 11 kW to accelerate premium segment penetration. Consequently, the performance hierarchy now mirrors passenger-car electrification, elevating kW ratings to a central marketing lever alongside charging-time metrics.
By Drive Type: Mid-Drive Innovation Challenges Hub Dominance
Hub motors led the market with a 63.42% share of the Asia Pacific electric two-wheeler market in 2024, supported by their compact architecture and low maintenance requirements. Mid-drive configurations, however, are projected to register an 8.19% CAGR through 2030, as OEMs leverage superior weight distribution and chain- or belt-based torque delivery. Improved regenerative-braking algorithms in mid-drive systems capture up to one-fifth additional range, a decisive advantage for delivery fleets managing dense stop-start cycles. Chinese exporters integrate mid-drive units in premium models designed for the European market, where hill-climb performance and dynamic handling are key purchase drivers.
Reduced unsprung mass enhances ride comfort—a factor increasingly highlighted in social media reviews that influence urban millennials exploring the Asia Pacific electric scooters and motorcycles market. Component suppliers scale gear-reduction assemblies, narrowing cost premiums over hub motors and accelerating substitution rates. Although hub motors remain entrenched in low-speed, licence-exempt vehicles due to cost sensitivity, the performance pivot signals a gradual re-balancing of drive-type economics across multiple price bands.
Note: Segment shares of all individual segments available upon report purchase
By End-Use: Commercial Fleets Drive Growth Acceleration
Personal commuters still account for a 54.83% share of the Asia Pacific electric two-wheeler market in 2024. Yet, commercial and corporate adoption is poised to climb at an 8.26% CAGR through 2030, as total cost of ownership savings compound over multi-shift duty cycles. Food-delivery and e-commerce couriers achieve fuel and maintenance savings of over 30%, redirecting working capital into expanding their fleets. Scope 3 emissions reporting pushes listed companies in Japan and Singapore to electrify two-wheel logistics, unlocking green-finance channels that subsidize vehicle acquisition.
Centralized depot charging addresses public infrastructure gaps, enhancing asset utilization and alleviating range anxiety. Battery-swap solutions reduce downtime to under five minutes, surpassing the speed of gasoline refueling and improving customer service levels. OEMs respond by launching fleet-specific trims with telematics dashboards, predictive maintenance alerts, and detachable cargo boxes, lifting average selling prices without eroding payback periods. The Asia Pacific electric scooter and motorcycle market consequently pivots from individual discretionary purchases to structured, contractual fleet procurements that stabilize demand during subsidy phase-outs.
Geography Analysis
China held a 38.91% share of the Asia Pacific electric two-wheeler market in 2024, thanks to scale efficiencies that compress ex-factory prices by one-fourth compared to import-reliant peers. Provincial subsidies align with central tax credits, enabling multi-layer incentives that sustain domestic replacement cycles even as first-time penetration plateaus. Export momentum intensifies after tighter European Union anti-dumping benchmarks elevate demand for certified, mid-drive Chinese models that meet UNECE regulations.
India is forecast to post an 8.22% CAGR to 2030, driven by FAME II disbursements, a substantial amount, and state-level incentives that reduce on-road prices further. Urban congestion, high gasoline taxes, and aggressive marketing from Ola Electric and Hero spur adoption across Tier-2 cities, widening the Asia Pacific electric scooters and motorcycles market’s demographic footprint. Domestic battery cell lines reduce landed-cost volatility, enabling assemblers to pass on savings to value-conscious buyers.
Southeast Asia contributes a growing share, propelled by Indonesia’s target to have one-fifth of its electric motorcycles by 2025 and Thailand’s comprehensive EV roadmap, which waives excise duties through 2026 [2]“20 Percent Electric Motorcycle Target Roadmap,” Indonesia Ministry of Industry, kemenperin.go.id. Vietnam’s imminent ban on bikes with engines exceeding 175 cc within urban districts redirects demand toward high-output electrics, while Malaysia leverages green-energy tariffs to lower overnight charging costs. Japan and Australia remain premium niches, emphasizing build quality, digital safety aids, and established dealer networks. Collectively, geographic diversification attenuates single-country risk and positions the Asia Pacific electric scooters and motorcycles market for durable, region-wide expansion.
Competitive Landscape
The competitive arena is moderately fragmented but steadily consolidating as scale economics reward multi-plant capacity and vertically integrated battery lines. Yadea, NIU, and Ola Electric collectively shipped multiple vehicles in 2024, securing advantageous cobalt and lithium contracts that hedge raw-material volatility. Smaller assemblers pivot toward micro-mobility fleets, battery-as-a-service models, or performance sub-niches to avoid direct price wars.
Strategic differentiators are increasingly centered on software, including connected dashboards, over-the-air firmware updates, and fleet-management portals that monetize post-sale data streams. NIU’s cloud diagnostic suite reduces warranty claim processing time by two-fifths, resulting in higher customer satisfaction [3]“Investor Presentation Q4-2024,” NIU Technologies, niu.com . Gogoro leverages its battery-swap infrastructure as a network moat, locking in recurring revenue and deterring new entrants that must invest heavily to achieve comparable density.
Cross-border collaborations accelerate, exemplified by CATL’s cell-supply agreements with Thailand’s GPX and India’s Hero MotoCorp, which jointly secure upstream inputs while sharing research on sodium-ion adoption. Regional logistics players partner with OEMs for co-branded fleet roll-outs, bundling financing and maintenance into kilometre-based subscriptions. Despite consolidation, white-space opportunities persist in rural distribution, specialized cargo platforms, and high-torque dual-sport motorcycles, ensuring that the Asia Pacific electric scooter and motorcycle market remains dynamic and innovation-driven.
Asia Pacific Electric Two-Wheeler Industry Leaders
-
Gogoro Limited
-
Yadea Group Holdings Ltd.
-
Yamaha Motor Company Limited
-
TAILG Technology Group
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Zhejiang Luyuan Electric Vehicle Co.,Ltd
- *Disclaimer: Major Players sorted in no particular order
Recent Industry Developments
- October 2025: AIMA Group debuted its international brand, POWELLDD, and opened more than 20 stores in Vietnam to capture the surging demand for premium electric two-wheelers.
- February 2025: PlugNride Motors launched the APKE PNR 100 and APKE PNR 200 in India, each offering a 120 km range and a top speed of 70 km/h to address inter-city commuting needs.
- September 2024: DAEWOO India partnered with eBikeGo to co-develop an urban e-bike portfolio tailored to meet last-mile delivery requirements.
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For the Vehicle Hub report, we provide an extensive collection of over 150 free charts, delivering detailed insights on regional and country-level dynamics within the vehicle industry. This encompasses in-depth analyses of vehicle registrations, usage patterns in both consumer and business segments, and evaluations of various vehicle configurations and body types. The report delves into critical industrial trends such as shifts in vehicle production and distribution centers, changes in vehicle ownership costs, and advancements in automotive technologies. Further, our report offers comprehensive market segmentation by vehicle type, body type, propulsion, and fuel categories, providing a nuanced understanding of the market landscape. It also explores the adoption rate of new technologies, the impact of regulatory changes, and the influence of economic factors on the vehicle market. We include a thorough examination of key industry players, regulatory frameworks, and market size in terms of both revenue and unit sales, leading to strategic projections and forecasts that account for emerging trends and potential shifts in the industry.
List of Tables & Figures
- Figure 1:
- POPULATION TRENDS, VOLUME IN UNITS, ASIA-PACIFIC, 2017 - 2030
- Figure 2:
- GDP PER CAPITA AT CURRENT PRICES, VALUE IN USD, ASIA-PACIFIC, 2017 - 2030
- Figure 3:
- AVERAGE CONSUMER SPENDING PER CAPITA ON PURCHASE OF VEHICLES, VALUE IN USD, ASIA-PACIFIC, 2017 - 2030
- Figure 4:
- INFLATION RATE AT AVERAGE CONSUMER PRICES, PERCENTAGE CHANGE, ASIA-PACIFIC, 2017 - 2030
- Figure 5:
- AUTO LOAN INTEREST RATES, PERCENTAGE, ASIA-PACIFIC, 2017 - 2022
- Figure 6:
- ELECTRIC VEHICLE MARKET PENETRATION RATE, BY VEHICLE TYPE, PERCENTAGE OF VOLUME, ASIA-PACIFIC, 2017 - 2030
- Figure 7:
- CHARGING STATION DEPLOYMENT, BY TYPE, VOLUME IN UNITS, ASIA-PACIFIC, 2017 - 2022
- Figure 8:
- AVERAGE LITHIUM-ION BATTERY PACK PRICE, VALUE IN USD, ASIA-PACIFIC, 2017 - 2030
- Figure 9:
- ANNOUNCEMENT OF NEW XEV MODELS, BY VEHICLE TYPE, VOLUME IN UNITS, ASIA-PACIFIC, 2023 - 2027
- Figure 10:
- FUEL PRICE, BY FUEL TYPE, USD/LITER, ASIA-PACIFIC, 2017 - 2022
- Figure 11:
- ASIA PACIFIC ELECTRIC TWO-WHEELER MARKET, VOLUME IN UNITS, 2017 - 2030
- Figure 12:
- ASIA PACIFIC ELECTRIC TWO-WHEELER MARKET, VALUE IN USD, 2017 - 2030
- Figure 13:
- ASIA PACIFIC ELECTRIC TWO-WHEELER MARKET, BY HYBRID AND ELECTRIC VEHICLES, BY VOLUME IN UNITS, 2017 - 2030
- Figure 14:
- ASIA PACIFIC ELECTRIC TWO-WHEELER MARKET, BY HYBRID AND ELECTRIC VEHICLES, BY VALUE IN USD, 2017 - 2030
- Figure 15:
- ASIA PACIFIC ELECTRIC TWO-WHEELER MARKET MARKET, SHARE(%), BY PROPULSION TYPE, 2017 - 2030
- Figure 16:
- ASIA PACIFIC ELECTRIC TWO-WHEELER MARKET, BY COUNTRY, BY VOLUME IN UNITS, 2017 - 2030
- Figure 17:
- ASIA PACIFIC ELECTRIC TWO-WHEELER MARKET, BY COUNTRY, BY VALUE IN USD, 2017 - 2030
- Figure 18:
- ASIA PACIFIC ELECTRIC TWO-WHEELER MARKET MARKET, SHARE(%), BY COUNTRY, 2017 - 2030
- Figure 19:
- ASIA PACIFIC ELECTRIC TWO-WHEELER MARKET MARKET, SHARE(%), BY COUNTRY, 2017 - 2030
- Figure 20:
- ASIA PACIFIC ELECTRIC TWO-WHEELER MARKET, BY CHINA, BY VOLUME IN UNITS, 2017 - 2030
- Figure 21:
- ASIA PACIFIC ELECTRIC TWO-WHEELER MARKET, BY CHINA, BY VALUE IN USD, 2017 - 2030
- Figure 22:
- ASIA PACIFIC ELECTRIC TWO-WHEELER MARKET, BY INDIA, BY VOLUME IN UNITS, 2017 - 2030
- Figure 23:
- ASIA PACIFIC ELECTRIC TWO-WHEELER MARKET, BY INDIA, BY VALUE IN USD, 2017 - 2030
- Figure 24:
- ASIA PACIFIC ELECTRIC TWO-WHEELER MARKET, BY JAPAN, BY VOLUME IN UNITS, 2017 - 2030
- Figure 25:
- ASIA PACIFIC ELECTRIC TWO-WHEELER MARKET, BY JAPAN, BY VALUE IN USD, 2017 - 2030
- Figure 26:
- ASIA PACIFIC ELECTRIC TWO-WHEELER MARKET, BY SOUTH KOREA, BY VOLUME IN UNITS, 2017 - 2030
- Figure 27:
- ASIA PACIFIC ELECTRIC TWO-WHEELER MARKET, BY SOUTH KOREA, BY VALUE IN USD, 2017 - 2030
- Figure 28:
- ASIA PACIFIC ELECTRIC TWO-WHEELER MARKET, MOST ACTIVE COMPANIES, BY NUMBER OF STRATEGIC MOVES, 2017 - 2030
- Figure 29:
- ASIA PACIFIC ELECTRIC TWO-WHEELER MARKET, MOST ADOPTED STRATEGIES, 2017 - 2030
- Figure 30:
- ASIA PACIFIC ELECTRIC TWO-WHEELER MARKET SHARE(%), BY MAJOR PLAYERS
Asia Pacific Electric Two-Wheeler Market Report Scope
Hybrid and Electric Vehicles are covered as segments by Propulsion Type. China, India, Japan, South Korea are covered as segments by Country.| Electric Scooter / Moped |
| Electric Motorcycle |
| Lead-acid |
| Lithium-ion |
| Lithium-ion Polymer |
| Sodium-ion |
| Others |
| Less than 3.6 kW |
| 3.6 to 7.2 kW |
| 7.2 to 10 kW |
| More than 10 kW |
| Hub Motor |
| Belt Drive |
| Chain Drive |
| Mid-drive Motor |
| Personal / Individual |
| Commercial & Corporate Fleets |
| Micromobility Service Providers |
| Delivery & Logistics |
| China |
| India |
| Japan |
| South Korea |
| Australia |
| Indonesia |
| Thailand |
| Vietnam |
| Rest of Asia Pacific |
| By Vehicle Type | Electric Scooter / Moped |
| Electric Motorcycle | |
| By Battery Type | Lead-acid |
| Lithium-ion | |
| Lithium-ion Polymer | |
| Sodium-ion | |
| Others | |
| By Power Output | Less than 3.6 kW |
| 3.6 to 7.2 kW | |
| 7.2 to 10 kW | |
| More than 10 kW | |
| By Drive Type | Hub Motor |
| Belt Drive | |
| Chain Drive | |
| Mid-drive Motor | |
| By End-use | Personal / Individual |
| Commercial & Corporate Fleets | |
| Micromobility Service Providers | |
| Delivery & Logistics | |
| By Country | China |
| India | |
| Japan | |
| South Korea | |
| Australia | |
| Indonesia | |
| Thailand | |
| Vietnam | |
| Rest of Asia Pacific |
Market Definition
- Vehicle Type - The category covers motorized two-wheelers.
- Vehicle Body Type - This includes Scooters and Motorcycles, while Kick-scooters and Bicycles are excluded.
- Fuel Category - The category exclusively covers electric propulsion systems, while Internal Combustion Engines (ICE) are excluded.
| Keyword | Definition |
|---|---|
| Electric Vehicle (EV) | A vehicle which uses one or more electric motors for propulsion. Includes cars, buses, and trucks. This term includes all-electric vehicles or battery electric vehicles and plug-in hybrid electric vehicles. |
| BEV | A BEV relies completely on a battery and a motor for propulsion. The battery in the vehicle must be charged by plugging it into an outlet or public charging station. BEVs do not have an ICE and hence are pollution-free. They have a low cost of operation and reduced engine noise as compared to conventional fuel engines. However, they have a shorter range and higher prices than their equivalent gasoline models. |
| PEV | A plug-in electric vehicle is an electric vehicle that can be externally charged and generally includes all-electric vehicles as well as plug-in hybrids. |
| Plug-in Hybrid EV | A vehicle that can be powered either by an ICE or an electric motor. In contrast to normal hybrid EVs, they can be charged externally. |
| Internal combustion engine | An engine in which the burning of fuels occurs in a confined space called a combustion chamber. Usually run with gasoline/petrol or diesel. |
| Hybrid EV | A vehicle powered by an ICE in combination with one or more electric motors that use energy stored in batteries. These are continually recharged with power from the ICE and regenerative braking. |
| Commercial Vehicles | Commercial vehicles are motorized road vehicles designed for transporting people or goods. The category includes light commercial vehicles (LCVs) and medium and heavy-duty vehicles (M&HCV). |
| Passenger Vehicles | Passenger cars are electric motor– or engine-driven vehicles with at least four wheels. These vehicles are used for the transport of passengers and comprise no more than eight seats in addition to the driver’s seat. |
| Light Commercial Vehicles | Commercial vehicles that weigh less than 6,000 lb (Class 1) and in the range of 6,001–10,000 lb (Class 2) are covered under this category. |
| M&HDT | Commercial vehicles that weigh in the range of 10,001–14,000 lb (Class 3), 14,001–16,000 lb (Class 4), 16,001–19,500 lb (Class 5), 19,501–26,000 lb (Class 6), 26,001–33,000 lb (Class 7) and above 33,001 lb (Class 8) are covered under this category. |
| Bus | A mode of transportation that typically refers to a large vehicle designed to carry passengers over long distances. This includes transit bus, school bus, shuttle bus, and trolleybuses. |
| Diesel | It includes vehicles that use diesel as their primary fuel. A diesel engine vehicle have a compression-ignited injection system rather than the spark-ignited system used by most gasoline vehicles. In such vehicles, fuel is injected into the combustion chamber and ignited by the high temperature achieved when gas is greatly compressed. |
| Gasoline | It includes vehicles that use gas/petrol as their primary fuel. A gasoline car typically uses a spark-ignited internal combustion engine. In such vehicles, fuel is injected into either the intake manifold or the combustion chamber, where it is combined with air, and the air/fuel mixture is ignited by the spark from a spark plug. |
| LPG | It includes vehicles that use LPG as their primary fuel. Both dedicated and bi-fuel LPG vehicles are considered under the scope of the study. |
| CNG | It includes vehicles that use CNG as their primary fuel. These are vehicles that operate like gasoline-powered vehicles with spark-ignited internal combustion engines. |
| HEV | All the electric vehicles that use batteries and an internal combustion engine (ICE) as their primary source for propulsion are considered under this category. HEVs generally use a diesel-electric powertrain and are also known as hybrid diesel-electric vehicles. An HEV converts the vehicle momentum (kinetic energy) into electricity that recharges the battery when the vehicle slows down or stops. The battery of HEV cannot be charged using plug-in devices. |
| PHEV | PHEVs are powered by a battery as well as an ICE. The battery can be charged through either regenerative breaking using the ICE or by plugging into some external charging source. PHEVs have a better range than BEVs but are comparatively less eco-friendly. |
| Hatchback | These are compact-sized cars with a hatch-type door provided at the rear end. |
| Sedan | These are usually two- or four-door passenger cars, with a separate area provided at the rear end for luggage. |
| SUV | Popularly known as SUVs, these cars come with four-wheel drive, and usually have high ground clearance. These cars can also be used as off-road vehicles. |
| MPV | These are multi-purpose vehicles (also called minivans) designed to carry a larger number of passengers. They carry between five and seven people and have room for luggage too. They are usually taller than the average family saloon car, to provide greater headroom and ease of access, and they are usually front-wheel drive. |
Research Methodology
Mordor Intelligence follows a four-step methodology in all its reports.
- Step-1: Identify Key Variables: To build a robust forecasting methodology, the variables and factors identified in Step-1 are tested against available historical market numbers. Through an iterative process, the variables required for market forecast are set and the model is built based on these variables.
- Step-2: Build a Market Model: Market-size estimations for the historical and forecast years have been provided in revenue and volume terms. Market revenue is calculated by multiplying the sales volume with their respective average selling price (ASP). While estimating ASP factors like average inflation, market demand shift, manufacturing cost, technological advancement, and varying consumer preference, among others have been taken into account.
- Step-3: Validate and Finalize: In this important step, all market numbers, variables, and analyst calls are validated through an extensive network of primary research experts from the market studied. The respondents are selected across levels and functions to generate a holistic picture of the market studied.
- Step-4: Research Outputs: Syndicated Reports, Custom Consulting Assignments, Databases & Subscription Platforms.