Electric three wheelers are automobiles which are used to carry passengers or goods which are often categorized under light commercial vehicles. Electric three wheelers are motor operated vehicles powered through sealed lead acid batteries or lithium ion batteries which can be swapped or recharged after they run out of charge.
Electric three wheelers are widely used by ride hailing services and short range goods carriers. As with all electric vehicles, electric three wheelers are gaining prominence due to their use of clean energy sources which curb pollution related problems.
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FACTS AT A GLANCE
Companies: Terra Motors Corporation,Changzhou Yufeng Vehcle Co. Ltd.,Xianghe Quiangsheng Electric Tricycle Factory,Jiangsu Kingbon Vehicle Co. Ltd.,Jiangsu East Yonsland Vehicle Manufacturing Co. Ltd.,Kinetic Green Energy & Power Solutions Ltd.,Piaggio Group,Lohia Auto Industries,Groupe PSA,Mahindra Group,Atul Auto Limited,Adapt Motors Pvt. Ltd.,Electroride
Coverage: All major geographies and key segments
Segments: Electric Three Wheelers Market Segmented By Vehicle Type such as Passenger Carriers, Load Carriers with Battery Type such as Sealed Lead Acid Battery (SLA), Lithium Ion Battery
Geographies: North America (U.S., Canada),Latin America (Mexico, Brazil, Argentina, Chile, Peru),Western Europe (Germany, Italy, France, U.K, Spain, BENELUX, Nordic, Eastern Europe),CIS and Russia,Asia-Pacific (China, India, ASEAN, South Korea),Japan,Middle East and Africa (GCC Countries, South Africa, Turkey, Iran, Israel)
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ABSTRACT-
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Electric three wheelers are expected to play a vital role in public transportation as these automobiles offer last mile connectivity in most of the highly populated regions of the world. For instance, the Government of Nepal kick started a pilot project with respect to electric three wheelers and it turned out be successful as the demand for electric auto rickshaws increased in the country consequently.
The aforementioned factor is one of the key drivers considered which is aiding the growth of the electric three wheelers market.
The inadequacy of charging infrastructure and the low range of electric three wheelers is one of the factors which is deterring the growth of the electric three wheelers market.
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