ELECTRIC BIKES ON THE GO

Electric Two-Wheel Vehicles in Asia Pacific; Electric Bicycles, Scooters, and Motorcycles: Market Analysis and Forecasts

2Q 2012 (Pike Research)

”Sales of internal combustion engine (ICE) scooters are strong in China, India, and most Association of Southeast Asian Nations (ASEAN) countries compared to other regions of the world. Two-wheel vehicles (scooters, motorcycles, and bicycles) are a very popular mode of transport due to their fuel efficiency and ease of use in congested traffic. As a result, consumers in Asia Pacific markets are heavily adopting traditional two-wheel vehicles…

“…Largely driven by costs…[t]he growth of the total market for these vehicles within Asia Pacific is also leading to strong expansion of the electric two-wheel vehicle industry in the region…”

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”Adoption of e-bicycles, e-motorcycles, and e-scooters will continue to be driven by rapid urbanization trends and the increase in household incomes. Economic prosperity will result in a greater number of middle and high income level consumers, which will contribute to the growth of the electric two-wheel vehicle market…

“Since the total cost of ownership (TCO) of e-motorcycles and e-scooters remains low enough to see payback on the vehicle with a year or two of purchase, Pike Research’s analysis finds that the market for electric two-wheel vehicles is likely to remain strong in regions with high economic growth rates…”