As the demand for sustainable transportation continues to grow, the two-wheeler electric vehicle (EV) industry is gaining momentum, providing companies with a competitive advantage and positioning them as leaders in the market. This revolution in urban commuting offers a sustainable solution for transportation in cities, with countries like Indonesia leading the way.

Indonesia’s Investment in Electric Motorcycles

Indonesia is offering 7 trillion rupiahs (approximately US $460M) in subsidies for electric motorcycle purchases through the end of next year, aiming to put 2 million electric motorcycles on the road in the next three years. With around 125 million motorcycles in the country, electric motorcycles may only make up a tiny fraction of overall motorcycles today, but with nearly a half billion US dollars in subsidies, that figure is sure to grow considerably.

Growth of the Micro Mobility E-Bike Market

The micro-mobility e-bike market in Asia Pacific is expected to experience significant growth, followed by North America and Europe. Increasing road congestion in cities and rising oil and gas prices are primary drivers of the market’s growth. E-bikes offer a sustainable and economical way to get around, reducing the need for fossil fuels and minimizing the carbon footprint of transportation. Industry experts project an 18% growth rate for eBike sales by the end of 2023.

Leading Players and Segments in the E-Bike Market

Prominent players in the micro-mobility e-bike market include JIANGSU XINRI E-VEHICLE CO., LTD, Giant Bicycles, and Pedego Electric Bikes. The trekking segment is leading the way in the micro-mobility e-bike market and is expected to maintain its leading position from 2023 to 2030. The Asia Pacific emerged as a leading region in the micro-mobility e-bike market in 2022, with China dominating the global e-bike market.

Micro-Mobility Market Growth and Future Prospects

The Micro-Mobility Market is projected to reach a worth of USD 91.05 billion by 2030. Micromobility vehicles, such as electric scooters and bicycles, are gaining significant traction among commuters, providing an affordable and efficient mode of transportation, especially for those who live and work in crowded cities. The primary drivers of growth in the micro-mobility market are increasing road congestion, rising oil and gas prices, and the eco-friendliness of these solutions. The Asia Pacific region has the highest number of micro-mobility vehicles being manufactured and sold, with the 36V segment poised to meet the growing demand and revolutionize the way people commute in urban areas.