The Future of Electric Three Wheeler in the Automotive Industry 2020

The "Global Electric Three Wheeler Market Analysis to 2027" is a specialized and in-depth study of the automotive and transportation industry with a special focus on the global market trend analysis. The report aims to provide an overview of electric three wheeler market with detailed market segmentation by battery type, vehicle type, and geography. The global electric three wheeler market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading electric three wheeler market players and offers key trends and opportunities in the market.

Electric three-wheelers or e-rickshaws are electrically powered vehicles used to carry passengers and goods. Electric three-wheelers are highly prevalent in urban and suburban transport. The vehicle comprises an electric motor which is powered by a rechargeable battery made either of lithium-ion or lead-acid. The increasing focus on electrical infrastructure with supportive government initiatives and the deployment of charging stations for electric vehicles are some factors significantly contributing to the growth of the electric three wheeler market in the forecast period.

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The electric three wheeler market is anticipated to grow in the forecast period owing to driving factors such as developments in the field of electric vehicles coupled with robust investments by automakers. Also, rising concerns over environmental pollution are fueling market growth. However, the lack of standardization of charging infrastructure may hinder the growth of the electric three wheeler market during the forecast period. Nevertheless, the use of vehicle to grid charging stations offer lucrative growth opportunity for the key players of the electric three wheeler market in the coming years.

The List of Companies

1. Bodo Vehicle Group Co., Ltd.

2. Electeca (Kirti Solar Limited)

3. Entice Impex Pvt. Ltd.

4. Kerala Automobiles Limited

5. Kinetic Green Energy and Power Solutions Ltd.

6. Lohia Auto Industries

7. Mahindra Electric Mobility Limited

8. Piaggio and C. SpA

9. Saera Electric Auto Pvt. Ltd.

10. Terra Motors