Europe Electric Two Wheeler Market to Surpass $ 166 Million by 2023
Rising GHG emissions along
with government support to encourage adoption of electric vehicles to propel
growth in Europe electric two-wheeler market through 2023
According
to TechSci Research report, “Europe Electric Two Wheeler Market By Vehicle Type, By Battery Capacity, By Battery Type, By
Country, Competition Forecast & Opportunities, 2013-2023”, Europe electric two-wheelers market is
projected to cross $ 166 million by 2023. Growth in the market is majorly led
by increasing concerns towards rising pollution level and increasing GHG
emissions. Moreover, governments of various European countries are adopting
favorable policies for electric vehicles in order to increase their use, which
is further fuelling growth in the market. Additionally, technological
advancements in batteries of electric vehicles is further expected to
positively influence Europe electric two-wheelers market during the forecast
period.
Browse 60
market data Figures spread through 88 Pages and an in-depth TOC on "Europe Electric Two-Wheeler Market"
https://www.techsciresearch.com/report/europe-electric-two-wheeler-market/3393.html
On the basis of vehicle type, Europe electric two-wheeler market is
segmented into scooters/mopeds and motorcycles, of which the former dominated
the market in 2017 and is likely to continue dominating during forecast period
as well on account of rising number of female drivers in the region. Among
countries, France accounts for the majority share in Europe electric
two-wheeler market. Increasing presence of various companies such as Yadae Group Holdings
Ltd., AIMA Technology Co. Ltd., Jiangsu Xinri E-Vehicle Co. Ltd., Zhenjiang
Luyuan Electric Vehicle, Dongguan Tailing Electric Vehicle Co. Ltd., etc., and in Europe is anticipated to further intensify
the competition in the region’s electric two-wheeler market over the next five
years.
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“Easy registration policies of electric two-wheelers
along with abundant availability of vehicle financing options across Europe is boosting
demand for electric two-wheelers across the region. Government support for use
of electrical vehicles is also aiding the growth of Europe electric two-wheeler
market. Moreover, growing penetration of Chinese players along with increasing
popularity of online sales would further steer growth in Europe electric
two-wheeler market in the coming years.” said Mr. Karan Chechi, Research
Director with TechSci Research, a research based global management consulting
firm.
“Europe Electric Two Wheeler Market By Vehicle Type, By Battery Capacity, By Battery Type, By
Country, Competition Forecast & Opportunities, 2013-2023” has analyzed the potential of electric
two-wheeler market in Europe region, and provides statistics and information on
market sizes, shares and trends. The report will suffice in providing the
intending clients with cutting-edge market intelligence and help them in taking
sound investment decisions. Besides, the report also identifies and analyzes
emerging trends along with essential drivers and key challenges faced by Europe
electric two-wheeler market.
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