Tag Archives: e-vehicle industry

Rising Pollution Levels to Drive APAC Electric Three Wheeler Market to $ 6.7 Billion by 2023

According to TechSci Research report, APAC Electric Three-Wheeler Market Research Report By Vehicle Type, By Battery Capacity, By Battery Type, By Country, Competition Forecast & Opportunities, 2013-2023, APAC electric three-wheeler market is forecast to reach $ 6.77 billion by 2023. Presence of a large number of electric three-wheeler manufacturers in the region, in addition to rising consumer inclination towards electric three-wheelers as compared to traditional three-wheelers due to environment friendliness and low-cost maintenance of electric three-wheelers, is anticipated to fuel the region’s electric three-wheeler market in the coming years. Moreover, favorable government policies across the region are likely to further boost the adoption of electric three-wheelers during the forecast period.