Electric Scooter Market

The decrease in lithium battery prices has also made electric scooters more affordable for users, and modern lithium-ion batteries can last for up to a decade before replacement. The industry’s rapid growth is driven by lowcost production, simple cell architecture, high energy density, lightweight, high resistance to physical damage, and lower risk of electrolyte leakage.

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Asia Pacific is Expected to acquire the Maximum Share with Supportive Government Policies

The electric scooter market in emerging Asia is being significantly supported by government policies. For instance, Thailand has implemented the 3030 EV Production Policy, which aims to achieve 30% domestic vehicle production by 2030. Indonesia has announced plans to ban the sale of all fossil-fuel motorcycles by 2040 and all fossil-fuel cars by 2050. The Indian government plans to convert all government vehicles to electric vehicles by 2030, and after 2025, only electric cars will be permitted to be purchased.