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Key Best Practices for successful implementation of Indonesia Electric Three-wheelers Market

electric three-wheeler market d.jpgThe Indonesian electric three-wheeler market is predicted to grow at 12.0% CAGR during the forecast period. The electric three-wheelers market in Indonesia is yet to gain the expected traction and the government is yet preparing a clear roadmap for the electric vehicle industry. The urban population in Indonesia prefers three wheelers for their daily commute as it saves them time and cost. With the introduction of electric three-wheelers, as these vehicles further, save the maintenance cost which creates traction among masses. Moreover, consumer fined these vehicles efficient especially for intracity transport for low distance travels.

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In Indonesia, the government plans to collaborate with the manufacturers to increase the electric vehicle fleet size in the country. In March 2018, Mitsubishi Motors Corp. has partnered with the Indonesian government on the use of electric vehicles to help the country reduce exhaust emissions and develop a greener environment. The government in the country plans to scrap a 40 percent luxury goods tax on sales of electric cars as well as reduce the import tax on these items from up to 40 percent to 5 percent. These initiatives are further anticipated to propel the demand for electric three-wheelers in the country.

Based on product, the market is categorized into passenger vehicles and load carriers. Passenger vehicles hold the larger share in the market, whereas load carriers electric three-wheelers are also anticipated to witness significant growth during the forecast period. On the basis of motor power, the market is segmented into1,500W Of all, 1,000-1,500 W powered three-wheelers hold the largest share in the Indonesian market. The highest share of the 1,000-1,500 W powered three-wheelers in the market is due to the optimum performance and cost of the vehicle at this power.

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The report offers competitive insight of the players offering electric three-wheelers, OEMs or components manufacturers for these vehicles.

Indonesia Electric Three-Wheelers Market Coverage

Product Insight and Forecast 2014-2024

  • Passenger Vehicle
  • Load Carrier

Motor Power Insight and Forecast 2014-2024

  • <1,000 W
  • 1,000-1,500W
  • >1,500W

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