Taiwan Electric Two-Wheeler Market

Taiwan Electric Two-Wheeler Market Overview

An electric two-wheeler refers to a plug-in electric vehicle that stores the electricity in a rechargeable battery and uses it to drive one or more electric motors. There are two types of rechargeable batteries used in the electric two-wheelers: lead batteries and lithium batteries. With the continuous technological advancements, the electric two-wheelers are gaining popularity as compared to the standard two-wheelers.

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Major Taiwan Electric Two-Wheeler Market Drivers

The Taiwan electric two-wheeler market is projected to witness strong demand in the next six years. This is attributed to the rising adoption of electric vehicles driven by the rising emphasis on reducing the carbon emission in the country. Taiwan’s gas scooter market is becoming saturated as the government is promoting the industry towards electrification. Additionally, the emerging trend of sustainable transportation such as the bike-sharing system in Taiwan is further opening new doors for the growth of the market in the coming years. The Taiwan government is building public charging stations and is offering subsidies to promote the usage of electric two-wheelers and to support the use of clean energy. The government provides cash incentives to motivate the customer to purchase two-stroke scooters and has set an aim of phasing them out completely by 2020. Additional subsidies are also available If riders want to swap their two-strokes for an electric alternative. All these measures are creating opportunities for e-vehicle manufacturers who are willing to tap the potential of the nation’s electric two-wheeler market.

Taiwan recently introduced the city-wide e-scooter share launched in ChiaYi, Taiwan. The country is now operating an electric two-wheeler share program, along with a state of art battery exchange system (BES) in the ChiaYi city. Taiwan has a population of 23 million, with 14 million M2Ws, including motorbikes and scooters and more than 8 million cars. The transportation sector is one of the main sources of air pollution, which has forced the government to support the adoption of electric vehicles in the country.

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On the basis of the vehicle type, the e-scooter/Moped segment is estimated to dominate the Taiwan electric two-wheeler market during the forecast period. In 2019, the Taiwan government announced to provide incentives and subsidies to encourage individuals to opt for the electric scooter. This factor, along with the increasing level of pollution and traffic, has encouraged individuals to shift towards e-scooters/mopeds for short-distance traveling, such as for weekly grocery purchases. All these factors are responsible for the growth of the segment in the market.

Based on the battery type, the sealed lead acid segment is projected to grow at a higher CAGR during the forecast period. This is mainly due to its lower cost as compared to the other conventional batteries. On the other hand, the lithium-Ion segment is anticipated to lead the Taiwan electric two-wheeler market over the forecast period. The growing consumer awareness related to the various exceptional advantages offered by lithium-ion batteries such as enhanced efficiency, higher density, light in weight, and a longer lifespan is further surging the growth of the segment.

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Key Developments:

• • In 2020, Energica Motor Company entered into a new commercial agreement with Russ Tiger Enterprise, in Taiwan. Through this partnership, Russ Tiger Enterprise will help to establish Energica’s presence in Taiwan.
  • In 2019, Gogoro Inc., launched its new electric scooter known as “Viva”, which is the smallest and most nimble scooter manufactured by the company. The electric scooter is powered by swappable batteries and is completely customizable.

The Taiwan Electric Two-Wheeler market has been segmented on the basis of vehicle type, battery type, technology type, distance covered, and voltage type. Based on vehicle type, the market is segmented into an 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 the 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

Taiwan Electric Two-Wheeler Market by Vehicle Type

• • E-Scooter/Moped
  • E-Motorcycle

Taiwan Electric Two-Wheeler Market by Battery Type

• • Sealed Lead Acid
  • Lithium-Ion

Taiwan Electric Two-Wheeler Market by Technology Type

• • Plug-In
  • Battery

Taiwan Electric Two-Wheeler Market by Distance Covered

• • Below 75 Miles
  • 75-100 Miles
  • Above 100 Miles

Taiwan Electric Two-Wheeler Market by Voltage Type

• • 36V
  • 48V
  • 60V
  • 72V