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Electric Motorcycle and Scooter Market Value to Reach Around US$ 14.30 Bn by 2027 - Media Releases


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Media releases are provided as is by companies and have not been edited or checked for accuracy. Any queries should be directed to the company itself.
4 June 2021 00:33
Electric Motorcycle and Scooter Market Value to Reach Around US$ 14.30 Bn by 2027
​The electric motorcycle and scooter market size is predicted to reach around US$ 14.30 Bn by 2027, expanding at a CAGR of above 7.5% 2021 to 2027, according to new report study.
The
electric motorcycle and scooter market size is poised to reach around US$ 14.21 Bn by 2026, expanding at a CAGR of above 7 % during the forecast period 2019 to 2026. ....

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Indian Electric Rickshaw Industry Revenue Worth $1,394.2 Million by 2025 says P&S Intelligence


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NEW YORK, March 8, 2021 /PRNewswire/ Most of the people living in Indian cities are still not wealthy, which is why the need for cost-effective public transportation, especially for short distances, has always been high. This factor is expected to propel the Indian electric rickshaw market at a 33.3% CAGR between 2020 and 2025. At this rate, the market size will likely rise to $1,394.2 million by 2025 from $786.2 million in 2019, according to the market research report published by P&S Intelligence.
Rides on electric rickshaws in the country, which are typically 1 km long, cost around INR 10 per head, which is way cheaper than sharing a two-wheeler or car or taking an autorickshaw. Moreover, if four people share an e-rickshaw for 5 km, the per person cost comes out to be INR 15, and the driver earns INR 120. Hence, another reason for the growth of the Indian electric rickshaw market is the favorable operational cost dynamics thes ....

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