100 Million 2-Wheel Electric Vehicles In 2027?
, post-Covid pandemic electric 2-wheeler sales are recovering globally. Since 2021, there has been marginal growth in the sector, with a move towards electrification. However, they expect that by 2027, over 100 million electric 2-wheelers will be on the roads globally.
“China accounted for 53% of global 2-wheel vehicle sales in 2021, a staggering 70% of which ran on an electric motor. The country’s early dominance of the battery supply chain, the development of domestic manufacturing, and the country’s relatively poor population at the time are the primary driving factors of the country’s control of this industry.
By 2026, Rethinik Energy expects that India will be mostly self-reliant due to the expansion of the manufacturing of electric 2- and 3-wheelers by both startups and traditional ICE manufacturers .Honda and Yamaha have lost market share for their ICE vehicles to EV startups like Vinfast, Pega, Anbico, DK Bike, and Detech.
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