Indonesia Electric Two-Wheeler Market

Indonesia Electric Two-Wheeler Market Overview

An electric two-wheeler is the plug-in electric vehicle that store the electricity in a rechargeable battery, which is then used to drive one or more electric motors. The two types of rechargeable batteries that are used in the electric two-wheelers include lead batteries and lithium batteries. With the advent of technologies, electric two-wheelers are becoming more popular as compared to the standard two-wheelers.

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Major Indonesia Electric Two-Wheeler Market Drivers

The Indonesia electric two-wheeler market is anticipated to witness an upsurge in demand over the forecast period. This is mainly due to the strong demand of electric vehicles among consumers driven by the increasing environmental concerns in the country. The Indonesian motorcycle market is the third largest market across the world and is expected to experience double-digit growth rate by the end of 2025. Various leading players such as Honda, TVS, Yamaha, and others, are focusing on introducing new technological advancement in electric vehicles to capture the highest share in the market.

The Indonesian government is launching various initiatives and schemes to support the adoption of electric two-wheelers in the market. The government is keen on decreasing the fossil fuel subsidies and reduce CO2 emissions, which in turn, is pushing the demand for electric vehicles in the country. Several regulations are being implemented to accelerate the manufacturing of electric vehicles, including the local production of components. Moreover, various other government initiatives such as luxury tax exemption of low-cost green cars, full corporate tax exemption through a tax holiday plan, and the reduction of gross income from the super deductible tax plan, are further enhancing the growth of the market. The emergence of rail-hailing and e-commerce services is surging the usage of electric two-wheelers for faster and cost-effective delivery of goods and services. Hence, the continuous expansion in the e-commerce sector will raise the usage of electric two-wheelers for home delivery services. On the other hand, the high cost of the electric vehicle battery is a major factor that is hampering the growth of the market.

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Based on the vehicle type, the e-motorcycle segment is projected to increase at a faster CAGR over the forecast period. The accelerating demand for e-motorcycles for various applications, including racing, off-roading, cursing, and daily commuting, is a major factor that is contributing to the growth of the segment in the coming years. With the rising level of pollution and traffic, individuals are shifting towards e-scooters/mopeds for short-distance traveling, such as for weekly grocery purchases or for visiting nearby market. This is another factor that is energizing the demand of the segment.

Based on the battery type, the sealed lead acid segment is anticipated to dominate the market over the next six years due to its lower cost as compared to the other conventional batteries. On the other edge, the lithium-Ion segment is expected to grow at a higher CAGR during the forecast period. The rising consumer awareness regarding various remarkable benefits offered by lithium-ion batteries such as higher density, improved efficiency, light in weight, and longer lifespan is encouraging the end-users to opt for these batteries vehicles.

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 Key Market Developments:

• • In 2020, Zero Motorcycles Inc., one of the leader in the electric motorcycle industry, announced its distribution partnership with Garansino Technologies. The distributor will extend the Zero Motorcycles Inc., business operations to a new division within their company.
  • In 2020, Niu International, opened its first Indonesian flagship store in Jakarta. The flagship store is entirely devoted to Niu International brand and its products.

Segments covered in the Report:

The Indonesia Electric Two-Wheeler market have been segmented on the basis of Vehicle Type, Battery Type, Technology Type, Distance Covered, Voltage Type. Based on Vehicle Type, the market is segmented into E-Scooter/Moped and E-Motorcycle. Based on Battery Type, the market is segmented into Sealed Lead Acid and Lithium-Ion. Based on Technology Type, the market is segmented into Plug-In and Battery. Based on Distance Covered, the market is segmented into Below 75 Miles, 75–100 Miles and Above 100 Miles. Based on Voltage Type, the market is segmented into 36V, 48V, 60V and 72V.

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Market Segmentation

Indonesia Electric Two-Wheeler Market by Vehicle Type

• • E-Scooter/Moped
  • E-Motorcycle

Indonesia Electric Two-Wheeler Market by Battery Type

• • Sealed Lead Acid
  • Lithium-Ion

Indonesia Electric Two-Wheeler Market by Technology Type

• • Plug-In
  • Battery

Indonesia Electric Two-Wheeler Market by Distance Covered

• • Below 75 Miles
  • 75–100 Miles
  • Above 100 Miles

Indonesia Electric Two-Wheeler Market by Voltage Type

• • 36V
  • 48V
  • 60V
  • 72V