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UK Electric Two-Wheeler Market Growth, Size, Opportunity, Share and Forecast 2019-2025

May 8th 2020 at 5:11 AM

UK electric two-wheeler market is estimated to grow at a considerable CAGR during the forecast period. The increasing government initiatives and subsidies along with the need to control pollution is the key factor to propel the growth of the UK electric-two wheelers market. Under the framework of the Green Car Initiative started in November 2008, the European economic recovery plan had been presented. Under economic recovery plan, the European Commission will support a Europe-wide electro mobility initiative, Green eMotion, worth $46.1 million, in partnership with 42 partners from industry, utilities, electric car manufacturers, municipalities, universities and technology, and research institutions.

Request a Free Sample of our Report on UK Electric Two-Wheeler Market: https://www.omrglobal.com/request-sample/uk-electric-two-wheeler-market

As per the action plan, the European Commission will make $26.7 million available to finance part of the initiative's activities. This initiative is intended to exchange and develop know-how and experience in selected regions within Europe such as UK as well as facilitate the market roll-out of electric vehicles in Europe which in turn is expected to drive the UK electric two-wheeler market.

The market is segmented on the basis of product type and battery type. Based on the product type, the market is sub-segmented into electric scooters and electric motorcycles Based on the battery type, the market is sub-segmented into NiMH, Li-Ion, and others. The decline in cost of li-ion battery and inherent benefits offered by these batteries including smaller size, lighter weight, and higher energy density is anticipated to drive the market share of these batteries.

Some of the major companies which are contributing to the growth of the European electric two-wheeler market include Hero Electric Vehicles Pvt. Ltd., Jiangsu Xinri E-Vehicle Co., Ltd, Mahindra & Mahindra Ltd., Tork Motors, Ujet S.A., and others. The market players are considerably contributing to the market growth by adopting various growth strategies such as new product innovations, mergers & acquisitions, joint ventures and so onto stay competitive in the market.

A Full Report of UK Electric Two-Wheeler Market is Available at https://www.omrglobal.com/industry-reports/uk-electric-two-wheeler-market

Market Segmentation

UK Electric Two-Wheeler Market by Product Type

  • Scooter
  • Motorcycle

UK Electric Two-Wheeler Market by Battery Type

  • NiMH
  • Li-ion
  • Others

Company Profiles

  • AIMA Technology Co., Ltd
  • Bajaj Auto Ltd.
  • Electric Mobility Concepts GmbH
  • Hero Electric Vehicles Pvt. Ltd.
  • Jiangsu Xinri E-Vehicle Co., Ltd
  • Mahindra& Mahindra Ltd.
  • Tork Motors
  • Ujet S.A.
  • Yadea Group Holdings Ltd.

For More Customized Data, Request for Report Customization @ https://www.omrglobal.com/report-customization/uk-electric-two-wheeler-market

About us:

Orion Market Research (OMR) is a market research and consulting company known for its crisp and concise reports. The company is equipped with an experienced team of analysts and consultants. OMR offers quality syndicated research reports, customized research reports, consulting and other research-based services.

For More Information, Visit https://www.omrglobal.com/

Media Contact:

Company Name: Orion Market Research

Contact Person: Mr. Anurag Tiwari

Email: info@omrglobal.com

Contact no: +1 646-755-7667, +91 780-304-0404

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