Electric two-wheelers are vehicles propelled by electricity rather than typical internal combustion engines. They cover a wide range of products, such as electric bicycles (e-bikes) and electric scooters. These cars are powered by electric motors and have rechargeable batteries for storage. As a sustainable means of transportation, electric two-wheelers help to reduce carbon footprints and address environmental issues.
Australia Electric Two-Wheeler Market Driving Factors and Challenges
Driving Factors: The market has grown significantly in recent years and is predicted to continue growing in the years to come because of the growing demand for fuel-efficient vehicles, stringent vehicle emissions laws and regulations, the presence of major market players, and increased government and private sector investment in the development of charging infrastructure. For the purpose of achieving zero carbon emissions, the Australian government is seriously considering outlawing internal combustion engine (ICE) automobiles and encouraging the use of electric vehicles. The administration also intends to make zero-emission vehicle registration free. The demand for electric two-wheeler vehicles in Australia is expected to rise during the predicted period due to companies' considerable plans to increase EV charging infrastructure. Furthermore, major players in the industry are making investments to improve the efficiency of EVs in conjunction with their EV charging plans, which is driving up demand in Australia.
Challenges:
The high initial costs of electric two-wheelers, including the purchase price and battery expenses, provide a barrier to market growth. Limited charging infrastructure in certain areas impedes the widespread adoption of electric two-wheelers. Some potential purchasers continue to be concerned about range anxiety, which is the dread of running out of battery power.
Impact of COVID-19 on Australia Electric Two-Wheeler Market
The COVID-19 epidemic has a beneficial and negative impact on the electric two-wheeler market. While the initial interruption in manufacturing and supply chains had an impact on production and sales, the pandemic also emphasized the need for sustainable and individual mobility solutions. As economies recover and consumer preferences shift toward cleaner modes of transportation, the electric two-wheeler market is likely to expand rapidly.
Australia Electric Two-Wheeler Market Key Players:
Ather Energy Private Limited, Vmoto Ltd, Yadea Group Holdings Ltd, AIMA Technology Group Co., Ltd, Australian Electric Motor Co, Piaggio & C. S.p.A, Zero Motorcycles, Inc, Hero Electric Vehicles Pvt. Ltd, Dyson bikes, and Savic Motorcycles Pty. Ltd are just a few of the major market players that are thoroughly examined in this market study along with revenue analysis, market segments, and competitive landscape data.
Australia Electric Two-Wheeler Market Segmentation:
By Vehicle Type: Based on the Vehicle Type, Australia Electric Two-Wheeler Market is segmented as; Motorcycle, Scooter/Mopeds.
By Battery Type: Based on the Battery Type, Australia Electric Two-Wheeler Market is segmented as; Lead Acid, Lithium-ion, Others.
By Distribution Channel: Based on the Distribution Channel, Australia Electric Two-Wheeler Market is segmented as; Online, Offline.
By Battery Voltage: Based on the Battery Voltage, Australia Electric Two-Wheeler Market is segmented as; Up-to 24V, 25V-60V, 60V and Above.
By Region: This research also includes data for Eastern Region, Western Region, Southern Region, Northern Region.
This study also encompasses various drivers and restraining factors of this market for the forecast period. Various growth opportunities are also discussed in the report.