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The Indonesian Electric Two Wheeler Market was valued over USD 364.42 Million in 2019 and is forecast to grow at CAGR of 20.96% to reach USD 816.22 Million by 2025.
This is due to increasing concerns about GHG emissions coupled with government support in the form of incentives and schemes aimed at encouraging the manufacturing of electric vehicles in the country. However, high charging time can hinder the growth of the market. Additionally, increasing online sales of electric vehicles coupled with growing domestic manufacturing would further steer growth in the Indonesian Electric Two Wheeler Market during the next five years.
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ResearchAndMarkets.com’s offering.
The Indonesian Electric Two Wheeler Market was valued over USD 364.42 Million in 2019 and is forecast to grow at CAGR of 20.96% to reach USD 816.22 Million by 2025.
This is due to increasing concerns about GHG emissions coupled with government support in the form of incentives and schemes aimed at encouraging the manufacturing of electric vehicles in the country. However, high charging time can hinder the growth of the market. Additionally, increasing online sales of electric vehicles coupled with growing domestic manufacturing would further steer growth in the Indonesian Electric Two Wheeler Market during the next five years.
Electric Two-Wheeler Market Insights | Business Opportunities, Competitor Analysis, Forthcoming Developments & Future Investments 2020 to 2025 newyorktelegraph.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from newyorktelegraph.com Daily Mail and Mail on Sunday newspapers.