Description

By addressing issues related to higher capital costs and limited charging infrastructure, stakeholders are attempting to drive electric two-wheeler adoption in Asia. This is being reinforced by government incentives/subsidies, localized manufacturing, competitive pricing, growing investments, stringent emission norms, and strategic partnerships. Charging infrastructure for electric two-wheelers is evolving (battery as a service) even as disruptive start-ups are offering both premium and affordable solutions. Innovative design strategies characterized by flexible and scalable design platforms, together with product design diversification in the form of customizable and creative designs, are strengthening market prospects. Innovative business models—rental/ leasing models, subscription services, and last mile delivery for cargo/food, among them—are also supporting market growth. This session provided insights into the growth catalysts behind the electric two-wheeler market in Asia. It also examined the impact of major trends, emerging growth opportunities, and the likely impacts of new technologies and business models on market take-off.