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Malaysia Electric Two-Wheeler Market

The Malaysian electric two-wheeler market is predicted to grow at 14.4% CAGR during the forecast period, in terms of revenue size. <br>The Malaysian market is mainly powered by the government's expected policies in the coming years, along with the need to curtail vehicle emissions. In Malaysia, numerous products, including e-scooters and e-bikes, contribute significantly to the size of the electric two-wheeler market.

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Malaysia Electric Two-Wheeler Market

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  1. Malaysia Electric Two-Wheeler Market The Malaysian electric two-wheeler market is predicted to grow at 14.4% CAGR during the forecast period, in terms of revenue size. The Malaysian market is mainly powered by the government's expected policies in the coming years, along with the need to curtail vehicle emissions. In Malaysia, numerous products, including e-scooters and e-bikes, contribute significantly to the size of the electric two-wheeler market. By product, the market is categorized into e-scooters, e-bikes, e-motorcycles and others. E- scooters hold the largest share in the Malaysian market, in terms of revenue as well as fleet size. By battery type, the market is segmented into sealed lead acid, Li-ion, and NiMH. Sealed lead acid is the most common type of battery used in the electric two-wheelers in Malaysia. Lower prices are the primary reason behind the highest share of sealed lead acid battery in the Malaysian electric two-wheelers market. By battery technology, the market is categorized into removable battery and non-removable battery. Non-removable batteries are majorly used in the market as it is convenient for electric two-wheelers to plugin and charge batteries instead of removing and charging indoors. By voltage, the market is segmented into 24V, 36V, 48V, 60V, 72V. 48V electric two-wheeler holds the largest share in the Malaysian electric two-wheeler market, followed by 36V two- wheelers.

  2. The Malaysian light electric vehicles market is primarily driven by the anticipated government initiatives in the coming years along with need to curb the vehicular emissions. In2014, the country discontinued the incentive for electric vehicles and this hampers the rapid growth of the industry, but the government's ambitious strategy for the coming years provides an optimistic scenario for manufacturers in the country. Recent News: In 2014, the country discontinued the incentive for electric vehicles and this hampers the rapid growth of the market, but the government's ambitious plan for the coming years creates an optimistic scenario for manufacturers in the country. Competitive Insights: Some of the key players offering electric two-wheelers in the country include Eclimo Sdn. Bhd., Airwheel Holding Limited and Ningbo MYWAY Intelligent Technology Co. Ltd. VynZ Research Call: +91-996-028-8381 Toll-Free (U.S. and Canada): +1-888-253-3960 Email: enquiry@vynzresearch.com Web: https://www.vynzresearch.com Connect with Us:LinkedIn | Facebook | Twitter

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