UK Electric Two-Wheeler Market 2019 : Global Industry Analysis Report to 2025
Posted by nabeel on January 27th, 2021
UK electric two-wheeler market is estimated to grow at a considerable CAGR during the forecast period. The increasing government initiatives and subsidies along with the need to control pollution is the key factor to propel the growth of the UK electric-two wheelers market. Under the framework of the Green Car Initiative started in November 2008, the European economic recovery plan had been presented. Under economic recovery plan, the European Commission will support a Europe-wide electromobility initiative, Green eMotion, worth .1 million, in partnership with 42 partners from industry, utilities, electric car manufacturers, municipalities, universities and technology, and research institutions. As per the action plan, the European Commission will make .7 million available to finance part of the initiative's activities. This initiative is intended to exchange and develop know-how and experience in selected regions within Europe such as UK as well as facilitate the market roll-out of electric vehicles in Europe which in turn is expected to drive the UK electric two-wheeler market.
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The market is segmented on the basis of product type and battery type. Based on the product type, the market is sub-segmented into electric scooters and electric motorcycles Based on the battery type, the market is sub-segmented into NiMH, Li-Ion, and others. The decline in cost of li-ion battery and inherent benefits offered by these batteries including smaller size, lighter weight, and higher energy density is anticipated to drive the market share of these batteries.
UK Electric Two-Wheeler Market by Product Type
UK Electric Two-Wheeler Market by Battery Type
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About the Authornabeel
Joined: November 26th, 2020
Articles Posted: 337
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