Latest news with #E3Ws
Associated Press
09-04-2025
- Automotive
- Associated Press
India Electric Three-wheeler Market, FY2024-FY2030, Company Profiles of Mahindra Last Mile Mobility (LMM), YC Electric Vehicles, Saera Electric, and Altigreen Propulsion Labs (Start-up)
The 'Electric Three-wheeler Market, India, FY2024-FY2030" report has been added to offering. India's electric three-wheeler (E3W) industry has emerged as a pivotal force in the country's transition to sustainable transportation. Fueled by rapid urbanization, supportive government policies, and growing environmental concerns, the sector is forecast to maintain its robust growth trajectory. Affordable and eco-friendly, E3Ws are increasingly utilized for passenger and goods transportation. Technological advancements in battery efficiency, notably the transition from lead-acid to lithium-ion batteries, continue to enhance vehicle performance and reduce operating costs. Despite this positive outlook, the industry faces hurdles such as insufficient charging infrastructure, high upfront costs, and limited battery recycling facilities. The market is fragmented, with many small and mid-sized manufacturers competing alongside established players. E3W industry players' focus on affordability, sustainability, and scalability contributes significantly to the country's electrification goals and low-carbon transition. Enhancing collaborative efforts between public and private stakeholders will be vital to overcome infrastructure challenges and foster innovation. This study captures a holistic view of the Indian E3W market, covering its current state, technological trends, regulatory environment, future potential, and growth opportunities for industry stakeholders. Key Topics Covered: Growth Environment: Ecosystem in the Indian E3W Market Scope of Analysis Segmentation Growth Environment: Companies to Action (C2A) in the E3W Market Competitive Environment Key Competitors Growth Environment The Indian E3W Market: Key Takeaways The Indian E3W Market: Snapshot E3W Market Roadmap Important Considerations for India's E3W Market Key Factors and Impact Analysis Sales Comparison of Top 10 E3W OEMs in India Competitive Landscape Competitive Benchmarking: Focus Area Intensity of Key E3W OEMs Selected OEMs' Growth Strategy Matrix Selected OEMs' Growth Strategy Matrix (continued) Mapping Connectivity and Performance of Selected E3W OEMs in India E3W Market Trend Impact Analysis Partnerships Impacting the E3W Market Growth Opportunity Analysis: Growth Generator in the Indian E3W Market Growth Metrics Growth Drivers Growth Restraints Forecast Considerations Unit Shipment Forecast Overview of India's E3W Market Historical Annual Sales by Volume E3W Forecast Sales by Volume Sales Share of Top Participants India Macroeconomic Overview and Regulatory Scenario Economic Overview: India PESTLE Analysis of India and Impact on the E3W Market India's EV Policy Roadmap New Governmental EV Policy Key Government Regulations Competitive Landscape Analysis Competitive Benchmarking of Major E3W OEMs Comparative Benchmarking of E3W OEMS by Model Comparative Regulatory Compliance Summary for Key E3W OEMs Strategic Growth and Market Penetration Matrix of Key E3W OEMs in India Investment Strategies of Key E3W Brands in India Strategic Initiatives for Customer Engagement by Key E3W OEMs E3W Technology Trends Company Profiles of Selected E3W OEMs Company Profile: Mahindra Last Mile Mobility (LMM) Company Profile: YC Electric Vehicles Company Profile: Saera Electric Company Profile: Altigreen Propulsion Labs (Start-up) India's E3W Ecosystem E3W Ecosystem Indian E3W Ecosystem: Selected Companies Charging Infrastructure for E3Ws in India E3W OEM Collaborations with Charging Infrastructure Providers Battery Manufacturers for E3Ws in India Auto Component Manufacturers for E3Ws Fleet Operating Service Providers for E3Ws Emerging E3W Financing Platforms Telematics and IoT Technology Service Providers for E3Ws Battery Recycling Service Providers for E3Ws E3W Stakeholder Business Models Business Model 1: Fleet Management as a Service (FMaaS) Business Model 2: Renting and Leasing of E3Ws by OEMs Business Model 3: Shared Mobility for E3Ws Growth Opportunity Universe in Indian E3W Market Growth Opportunity 1: Blockchain for Maintenance and Financing Growth Opportunity 2: Circular Economy for Batteries Growth Opportunity 3: Retrofitted Telematics Technology Appendix & Next Steps Benefits and Impacts of Growth Opportunities Next Steps List of Exhibits Legal Disclaimer Key Data Figures E3W Market: Key Factors, India, FY2024 E3W Market: Key Parameters and Impact Analysis, India, FY2024 E3W Market: Annual Sales Comparison by Top E3W OEMs, India, FY2023 and FY2024 E3W Market: Focus Area Intensity Benchmarking, India, FY2024 E3W Market: Growth Metrics, India, FY2024 E3W Market: Growth Drivers, India, FY2025-FY2030 E3W Market: Growth Restraints, India, FY2025-FY2030 E3W Market: Unit Sales Forecast, India, FY2019-FY2030 E3W Market: Unit Sales Forecast, India, FY2024 and FY2030 E3W Market: Top 6 OEMs, India, FY2024 E3W Market: Unit Sales by Vehicle Type, India, FY2023-FY2024 E3W Market: Historical Annual Sales, India, FY2019-FY2023 E3W Market: Annual Sales Forecast, India, FY2024-FY2030 E3W Market: Sales Share of Top Participants, India, FY2024 E3W Market: Key Government Regulations Impact Analysis, India, FY2024 E3W Market: State-wise Public Charging Stations in India, FY2024 Private Charging/Battery Swapping Service Providers in India, FY2024 For more information about this report visit About is the world's leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends. Laura Wood, Senior Press Manager [email protected] For E.S.T Office Hours Call 1-917-300-0470 For U.S./ CAN Toll Free Call 1-800-526-8630 For GMT Office Hours Call +353-1-416-8900 KEYWORD: INDIA ASIA PACIFIC INDUSTRY KEYWORD: MOTORCYCLES EV/ELECTRIC VEHICLES AUTOMOTIVE Copyright Business Wire 2025. PUB: 04/09/2025 10:08 AM/DISC: 04/09/2025 10:09 AM
Yahoo
05-03-2025
- Automotive
- Yahoo
IDTechEx Report Forecasts US$90B Market Opportunity for Micro EVs by 2045
Boston, Massachusetts--(Newsfile Corp. - March 5, 2025) - Micro EVs currently make up the majority of global electric vehicle sales. They are among the most electrified vehicle segments globally, with over 1 in 4 sales of two-wheelers, three-wheelers, and microcars in 2023 being EVs. Despite this, the new report from market intelligence firm IDTechEx, "Micro EVs 2025-2045: Electric Two-Wheelers, Three-Wheelers, and Microcars," predicts significant growth of the global market is still to come. IDTechEx forecasts micro EVs will grow into a US$90 billion market opportunity by 2045. Electrification of two-wheelers, three-wheelers, and microcars vs commercial vans and passenger cars. Source: IDTechEx To view an enhanced version of this graphic, please visit: Micro EVs are electrified versions of small vehicles. While there is no formal definition of micro EVs, IDTechEx includes electric two-wheelers (E2Ws) like scooters and motorcycles, electric three-wheelers (E3Ws), and microcars in this category. Micro EVs can seamlessly navigate dense urban areas, are less affected by traffic congestion, and have smaller parking requirements. They are most often used for travelling over short distances within cities at low speeds. Pranav Jaswani, IDTechEx Technology Analyst and author of the new report, explains: "In the same way that cars have seen rapid electrification in recent years, micro EVs have also seen a prodigious uptick in adoption. The utilization of micro EVs as low-cost city-based transport solutions for passengers and cargo make them ideal targets for electrification. They are predominantly used for short trips at low speeds, requiring less battery and drivetrains than other vehicle types. IDTechEx's report finds that batteries in micro EVs rarely exceed 20 kWh, with only some of the largest microcar models doing so. Most E2Ws and E3Ws even have batteries of 4 kWh or less – 15 to 20 times smaller than an average electric city car's battery but facilitating travel in urban areas just as well!" Jaswani explains that governments are also getting more involved in encouraging the uptake of micro EVs, most commonly through purchase grants, which help reduce or eliminate the difference in upfront costs between a combustion and electric vehicle. Purchase grants are an especially important implement for a micro EV market which tends to be highly price-sensitive. For example, low-cost E2Ws in Asia can be as little as US$500-1,000 each, so even a small price premium of a few hundred dollars over its combustion equivalent would significantly dent sales. Most major governments now have some type of micro EV grant scheme, though these vary in quantity and effectiveness. India stands out as a market where grant schemes have had greatly shaped the domestic micro EV landscape. The government's FAME II and EMPS schemes from 2019 to 2024 made E2Ws and E3Ws cheaper than their combustion alternatives, initiating a rapid growth phase that has seen India become one of the key market leaders for micro EVs. The "Micro EVs 2025-2045: Electric Two-Wheelers, Three-Wheelers, and Microcars" report also highlights other government measures driving adoption. Growing commercial applications are also driving micro EV market growth. Micro EVs are developing into an important link in the road transportation of goods, and their use will be a major step towards decarbonizing the cargo industry. Micro EVs are particularly well-suited for last-mile logistics, where vehicles are generally lighter-duty and have lower capacity requirements but need to cover urban routes while parking frequently in a stop-start operational cycle. To find out more about this new IDTechEx report, including downloadable sample pages, please visit For the full portfolio of electric vehicles market research available from IDTechEx, please see About IDTechEx IDTechEx provides trusted independent research on emerging technologies and their markets. For more information, contact research@ or visit Contact Information: Charlotte Martin+ To view the source version of this press release, please visit
Associated Press
05-03-2025
- Automotive
- Associated Press
IDTechEx Report Forecasts US$90B Market Opportunity for Micro EVs by 2045
Boston, Massachusetts--(Newsfile Corp. - March 5, 2025) - Micro EVs currently make up the majority of global electric vehicle sales. They are among the most electrified vehicle segments globally, with over 1 in 4 sales of two-wheelers, three-wheelers, and microcars in 2023 being EVs. Despite this, the new report from market intelligence firm IDTechEx, " Micro EVs 2025-2045: Electric Two-Wheelers, Three-Wheelers, and Microcars,' predicts significant growth of the global market is still to come. IDTechEx forecasts micro EVs will grow into a US$90 billion market opportunity by 2045. Electrification of two-wheelers, three-wheelers, and microcars vs commercial vans and passenger cars. Source: IDTechEx To view an enhanced version of this graphic, please visit: Micro EVs are electrified versions of small vehicles. While there is no formal definition of micro EVs, IDTechEx includes electric two-wheelers (E2Ws) like scooters and motorcycles, electric three-wheelers (E3Ws), and microcars in this category. Micro EVs can seamlessly navigate dense urban areas, are less affected by traffic congestion, and have smaller parking requirements. They are most often used for travelling over short distances within cities at low speeds. Pranav Jaswani, IDTechEx Technology Analyst and author of the new report, explains: 'In the same way that cars have seen rapid electrification in recent years, micro EVs have also seen a prodigious uptick in adoption. The utilization of micro EVs as low-cost city-based transport solutions for passengers and cargo make them ideal targets for electrification. They are predominantly used for short trips at low speeds, requiring less battery and drivetrains than other vehicle types. IDTechEx's report finds that batteries in micro EVs rarely exceed 20 kWh, with only some of the largest microcar models doing so. Most E2Ws and E3Ws even have batteries of 4 kWh or less – 15 to 20 times smaller than an average electric city car's battery but facilitating travel in urban areas just as well!' Jaswani explains that governments are also getting more involved in encouraging the uptake of micro EVs, most commonly through purchase grants, which help reduce or eliminate the difference in upfront costs between a combustion and electric vehicle. Purchase grants are an especially important implement for a micro EV market which tends to be highly price-sensitive. For example, low-cost E2Ws in Asia can be as little as US$500-1,000 each, so even a small price premium of a few hundred dollars over its combustion equivalent would significantly dent sales. Most major governments now have some type of micro EV grant scheme, though these vary in quantity and effectiveness. India stands out as a market where grant schemes have had greatly shaped the domestic micro EV landscape. The government's FAME II and EMPS schemes from 2019 to 2024 made E2Ws and E3Ws cheaper than their combustion alternatives, initiating a rapid growth phase that has seen India become one of the key market leaders for micro EVs. The 'Micro EVs 2025-2045: Electric Two-Wheelers, Three-Wheelers, and Microcars' report also highlights other government measures driving adoption. Growing commercial applications are also driving micro EV market growth. Micro EVs are developing into an important link in the road transportation of goods, and their use will be a major step towards decarbonizing the cargo industry. Micro EVs are particularly well-suited for last-mile logistics, where vehicles are generally lighter-duty and have lower capacity requirements but need to cover urban routes while parking frequently in a stop-start operational cycle. Charlotte Martin
