Lead Acid Battery Type to Continue Dominating North America Electric Two Wheeler Market
Strict government policies
related to vehicle emission standards along with rising environmental concern
to aid growth of North America electric two-wheeler market by 2023
According
to TechSci Research report, “North America Electric Two Wheeler Market, By Vehicle Type, By Battery Capacity, By Battery Type, By
Country, Competition Forecast & Opportunities, 2013 - 2023”, North America electric two-wheelers market is
projected to witness a CAGR of more than 8% through 2023. Anticipated growth in
the market is led by technological advancements in electric two-wheelers as
well as their battery systems. Moreover,
governments of different countries in North America are providing subsidies on
electric vehicles, which is further increasing their demand across the region. Few of the leading electric
two-wheeler companies operating in North America are Yadae Group Holdings
Ltd, AIMA Technology Co. Ltd., Jiangsu Xinri E-Vehicle Co. Ltd., Zhenjiang
Luyuan Electric Vehicle, and Dongguan Tailing Electric Vehicle Co. Ltd., among
others.
Browse 25 market data Figures spread
through 54 Pages and an in-depth TOC on "North America Electric Two-Wheeler
Market"
https://www.techsciresearch.com/report/north-america-electric-two-wheeler-market/3396.html
On the
basis of battery type, North America electric two-wheeler market is segmented into
lead acid and li-ion battery. Lead acid battery segment dominated the market in
2017 and is anticipated to continue its dominance during forecast period as
well on account of their economical prices. Among vehicle types, electric
scooters/mopeds segment leads the North America electric two-wheeler market
with a volume share of over 60% in 2017. Rising focus on development of advanced
electric vehicle battery systems is further anticipated to aid North America
electric two-wheeler market over the
next five years.
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“Growth
in demand for electric two-wheelers has been witnessed over the past few years
in North America, owing to several government initiatives to promote the use of
electric two-wheelers. Moreover, with
continuously rising pollution levels, the need for cleaner automobiles with low
emissions is also increasing, thereby fuelling demand for electric vehicles. Additionally,
expanding dealer & distribution network of leading electric two-wheeler
companies across North America along with increasing penetration of Chinese
players would further propel growth in the region’s electric two-wheeler market
in the coming years.” said Mr. Karan Chechi, Research Director with TechSci
Research, a research based global management consulting firm.
“North America 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 North America 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 North America electric two-wheeler market.
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