Indonesia Electric Two-Wheeler Market

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Indonesia Electric Two-Wheeler Market
The Indonesian electric two-wheeler market is
predicted to grow at 14.2 CAGR during the
forecast period with its fleet size reaching
41,000 units by 2024. The Indonesian market for
light electric vehicles is largely motivated by
the country's high level of automotive emissions
and increased desire to reduce the level of CO2
by the implementation of a cleaner mode of
transport. In Indonesia, numerous products,
including e-scooters and e-bikes, contribute
significantly to the scale of the Indonesia
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
Indonesian market, in terms of revenue as well as
fleet size. 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
Indonesia. 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 Indonesian electric two-wheeler market,
followed by 36V two- wheelers.
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The key factors driving the growth of the
electric two-wheeler market in Indonesia are
growing awareness of the use of electric
vehicles, the need to curb vehicle emissions, and
government initiatives. Government aims to work
with suppliers to raise the size of the nation's
electric vehicle fleet. The high cost of
batteries and hence of electric vehicles,
however, is the main factor impeding the
development of the Indonesian two-wheeler
electricity industry. Competitive
Insights Zero Motorcycles Inc., Segway, Inc.,
Viar Motor Indonesia, Skutis Corporation, and
Xiomi, Inc. are some of the key players
operating in the Indonesian electric two-wheelers
market.
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