Malaysia Electric Two-Wheeler Market – Opportunities & Forecast, 2020-2027

 

The market report analyses the market while considering various aspects of the market such as market size, market status, market trends, and forecast. The report also offers brief information on the competitors and specific growth opportunities while covering the key drivers of the market. The report has been categorized based on the different segments, including vehicle type, battery type, technology type, distance covered, and voltage type.

Malaysia Electric Two-Wheeler Market drivers:

The Malaysia electric two-wheeler market is experiencing an upsurge in demand during the forecast period. This is mainly due to the rising number of government initiatives to support the adoption of electric vehicles in the country. Moreover, the growing penetration of motorcycles as compared to the three and four-wheelers is another factor propelling the growth of the market in the upcoming years. The accelerating demand for more individual mobility and the increasing number of offers on an electric scooter are some other factors attracting many customers towards the market. The government of Malaysia is focusing on the electrification of two-wheelers, coupled with the rising efforts to make Malaysia the regional hub of energy-efficient vehicles are significant factors supporting the market growth. According to the United Nations Framework Convention on Climate Change’s (UNFCCC) 21st Conference of Parties (COP21), Malaysia pledged to reduce the carbon emission intensity level by 2030. The country is planning to cut the carbon intensity by 45 percent of 2005’s emission levels. This initiative is indirectly motivating the people to opt for electric two-wheelers during the forecast period.

As per the National Electric Mobility Blueprint, the country focuses on having 100,000 electric motorcycles, 100,000 electric cars, and 125,000 charging stations by 2020. The government is also encouraging the use of vehicles using green technology by implementing various initiatives such as a 50 percent decrease in road tax for electric and plug-in hybrid vehicles. The ministry has set up a special body, “Vehicle Type Approval,” which focuses on identifying and approving green technology vehicles, especially in lorries and buses, to reduce the use of CO2 emitting vehicles. On the other hand, the high cost of the electric vehicle battery will hamper the growth of the market.

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Malaysia Electric Two-Wheeler Market Segmentation:

According to the report published by GMI Research, titled “Malaysia Electric Two-Wheeler Market,” the industry is predicted to witness the highest CAGR during the forecast period. The segmentation of the market is as follows:

By Vehicle Type:

·         E-Scooter/Moped

·         E-Motorcycle

By Battery Type:

·         Sealed Lead Acid

·         Lithium-Ion

By Technology Type:

·         Plug-In

·         Battery

 

By Distance Covered:

·         Below 75 Miles

·         75-100 Miles

·         Above 100 Miles

By Voltage Type:

·         36V

·         48V

·         60V

·         72V

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