Electric 3 Wheeler Market shall reach a value of $2x61.4 Million in 2027, growing with a CAGR of 12.13% during the forecast period of 2020 to 2027.
Market Definition / Research Scope
For the purpose of this market researchreport, Electric 3-Wheeler is defined as a motor vehicle with three wheels that operates using electrical energy. An Electric 3-Wheeler is considerably cheaper than the traditional 3-wheelers but only covers 125-130 kms with a full charged battery. It is also more environmentally friendly as the emissions of Black Carbon and Particulate matter from it is negligible. The shift to electric 3-wheelers as an alternative to traditional 3-wheelers is fuelled by the increasing environmental concerns regarding emission and is backed by organizations like UN Environment. In addition to environmental benefits, Electric 3-wheelers are more efficient than its traditional counterparts.
Electric Three Wheeler Industry Growth and Trends
Electric Three Wheeler Industry Regional Analysis
Increasing penetration of automotive electric three-wheelers like e-auto rickshaws and splurging government initiatives to provide e-rickshaws for convenient and pollution-free transportation is estimated to drive the Indian electric three-wheeler market. Increasing air pollution and an alarming need for mitigating the offset of pollution with systematic manufacturing of electric three-wheelers is expected to propagate the North Indian Market with an exponential rise in the market.
Owing to the fast implementation of environmental regulations and rising demand for affordable and efficient electric-three wheeler are expected to proliferate across India with increased production of these vehicles.
Automotive manufacturing industries like Lohia Auto Industries, Hero Electric Vehicles, and Saera Electric Auto are expanding their production to streamline the Indian electric three-wheeler market with the lithium-ion battery being the fastest-growing segment
Electric Three Wheeler Industry Share and Competition
Key companies operating in this industry are: Lohia Auto, Kinetic Green, Terra Motors India, Clean Motion, Hero Electric and Saera Electric Auto.
Electric Three Wheeler Industry Research Report Analysis Highlights
• Historical data available (as per request)
• Estimation/projections/forecast for revenue and unit sales (2020 – 2027)
• Data breakdown for every market segment (2020 – 2027)
• Gross margin and profitability analysis of companies
• Price analysis of each product type
• Business trend and expansion analysis
• Import and export analysis
• Competition analysis/market share
• Supply chain analysis
• Client list and case studies
• Market entry strategy
Industry Segmentation and Revenue Breakdown
Type Analysis (Revenue, USD Million, 2020 - 2027)
• Lithium Ion
• Lead Acid
Application Analysis (Revenue, USD Million, 2020 - 2027)
• Passenger Carrier
• Load Carrier
Region Analysis (Revenue, USD Million, 2020 - 2027)
• United States
• Canada
• Mexico
• France
• Germany
• Italy
• Spain
• United Kingdom
• Russia
• China
• India
• Philippines
• Malaysia
• Australia
• Austria
• South Korea
• Middle East
• Japan
• Africa
• Rest of World
Electric Three Wheeler Industry Companies
• Lohia Auto
• Kinetic Green
• Terra Motors India
• Clean Motion
• Hero Electric
• Saera Electric Auto
Available Versions:-
United States Electric Three Wheeler Industry Research Report
Europe Electric Three Wheeler Industry Research Report
Asia Pacific Electric Three Wheeler Industry Research Report
India Electric Three Wheeler Industry Research Repor
