Philippines Electric Two-Wheeler Market

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Philippines Electric Two-Wheeler Market
The Philippines electric two-wheeler market is
predicted to grow at 6.1 CAGR during the
forecast period in terms of revenue size. Due to
the activities of non-governmental and government
organisations, the Philippines market is mainly
powered by the rapidly rising market. In the
Philippines, different products, including
e-scooters and e-bikes, add significantly to the
scale of the electric two-wheeler market.
By Product, the market is categorized into
e-scooters, e-bikes, e-motorcycles and others. E-
scooters hold the largest share in the
Philippines market, in terms of revenue as well
as fleet size. E-motorcycles are anticipated to
witness the fastest growth during the forecast
period. By Battery type, the market is segmented
into sealed lead acid, Li-ion, and NiMH. Sealed
lead acid is the most common type of battery used
in the electric two-wheelers in Philippines.
Lower prices are the primary reason behind the
highest share of sealed lead acid battery in the
Philippines electric two-wheelers market. By
Battery Technology, the market is categorized
into removable battery and non-removable
battery. Non-removable batteries are majorly used
in the market as it is convenient for electric
two-wheelers to plugin and charge batteries
instead of removing and charging indoors. By
voltage, the market is segmented into 24V, 36V,
48V, 60V, 72V. 48V electric two-wheeler hold the
largest share in the Philippines electric
two-wheeler market, followed by 36V two-
wheelers. Most of the e scooters run with a
battery of 48V which provides it optimum power
to perform better in the congested metropolitan
cities of the country.
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The demand for light electric vehicles in the
Philippines is rising rapidly due to the efforts
of non-governmental and governmental
organisations. The Electric Vehicles Association
of the Philippines (EVAP) is preparing a
national programme for the production of electric
vehicles, which is anchored in the new programme
for the development of motor vehicles for the
automotive industry. This is to be introduced in
4 stages over a ten-year timeframe, as per the
organisation. Competitive insights Xiaomi
Inc., Gxsun corp., Terra Motors Corporation,
Tinker Motors Inc., and Dongguan Tailing
Electric Vehicle Co. Ltd. are some of the key
players operating in the Philippines electric
two-wheelers market.
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