Key Findings
- Increasing government push is likely to boost
sales of Electric Vehicles due to exemption of taxes and duties
- Lack of market leaders and ease of entry will
act a positive reinforcement for emergence of newer homegrown EV
manufacturing companies
- Increasing technological advancement and
emergence of Electric Mobility-as-a-Service (EMaaS) will be witness in the
EV space
Increasing
Government Support and Initiatives:
UNEP has worked with electric
vehicle associations in Malaysia, the Philippines, Singapore and Thailand to
develop comprehensive recommendations for policymakers to spur the
adoption of electric two- and three-wheelers. Some of these measures include
manufacturing and consumer subsidies, tax and insurance adjustments for
electric and more pollutive vehicles and mandating fuel economy standards and
consumption limits. The incentives announced in Budget 2022 are expected
to kick start EV adoption among the general public and the plans for government
fleet electrification will further pave the way to instill public confidence
and interest. In addition to economic instruments, the provision of a friendly
regulatory structure and long-term commitment by the government through
sustainable business models will attract investment by the private sector. The
participation of the private sector will accelerate the adoption of EVs as more
resources such as funding, talent, and facilities can be tapped.
Malaysia
Electric Two-Wheeler Market Overview
There are few electric 2-wheeler
brands in Malaysia. A new company entering the market can easily establish
itself in the market with a better business model and strategy. Companies have
incentives to enter the industry, as it is still at a nascent stage and is
expected to grow. For example, Honda plans to launch four electric two-wheelers
by 2024.
Increasing
Technological Advancements:
The major reason for the
affordable prices of electric scooters and bikes is the advancement in battery
technology. The decline in electric vehicle battery cost has an overall impact
on the cost of an electric vehicle. OEMs are investing capital in research and
development to further increase the efficiency of the electric battery along
with the reducing their cost.
Battery Swapping Technology is
pioneering Electric Mobility-as-a-Service (EMaaS) in Malaysia, by
developing Smart Swap – a game-changing turnkey solution for a battery-swapping
infrastructure for Electric Motorcycles.
Increase in
charging infrastructure:
In Malaysia, the launch of the
National Low Carbon Cities 2030 plan, entails the establishment of 200 low
carbon zones across the country, which may bring about a greater push for green
vehicle options, including EVs. Malaysia plans to build 25,000 public charging
points and 100,000 private charging points by 2030.
Saving the
Environment:
Along with being noisy, the
mushrooming number of conventional cars, motorcycles and scooters is driving up
energy consumption, air pollution and greenhouse gas emissions. To combat those
problems, Malaysia, with support from the United Nations Environment Programme
(UNEP), is encouraging drivers to trade in gas-guzzlers for electric
motorbikes. Transitioning this fleet to electric models will help reduce
pollution and greenhouse gas emissions, especially when properly integrated
into public transport systems
The publication titled “Malaysia Electric Two-Wheeler Market Outlook to
2026: Driven by increase in awareness about alternative fuel, advancements in
battery technology, and growing demand of two-wheelers in B2B Services” provides a comprehensive analysis of the electric
two-wheeler vehicle industry by analyzing historical statistics and
corresponding developments in the electric vehicles market. The market growth
declined during COVID as manufacturing activities were on halt and the supply
chain got disrupted. Given the consolidated structure in the electric vehicle
industry, analysts have elaborated on competitive landscape of major electric
2-wheelers players on the basis of models launched, product prices, technology
type and other operational parameters. The report also covers a snapshot on
player’s business model, value chain analysis, growth drivers, Porters 5 forces
analysis, impact of COVID-19 and factors governing the future outlook of industry.
The report also provides comprehensive insight on the market size and
segmentation of the electric two-wheelers industry. The report focuses on
Electric two-wheeler Vehicle Market segmentation by Type of Electric
two-wheeler Vehicle, Type of Battery Capacity, Type of Battery Technology, Type
of Voltage used, and Type of Battery used. The report highlights the pain
points of the electric vehicles industry along with detailed company profiles
of major electric 2-wheeler brands. The report concludes with projections for
future industry market size, market segmentations and analyst take on future
market scenario.
Key Segments
Covered in Malaysia Electric Two Wheeler Vehicles Industry
- By Type of Electric 2-wheelers
- Electric scooter
- Electric motorcycle
- By Type of Battery Capacity for electric 2
wheelers
- <25Ah
- >25Ah
- By Battery Technology Type for electric 2
wheelers
- Removable batteries
- Non-removable batteries
- By Voltage Type for electric 2 wheelers
- 24V
- 36V
- 48V
- 60V
- 72V
- By Battery Type for electric 2 wheelers
- Lithium-Ion
- Sealed Lead Acid
Request for Free Sample Report @ https://www.kenresearch.com/sample-report.php?Frmdetails=NTg0MjY0
Time Period
Captured in the Report:
- Historical Period: 2016-2021
- Forecast Period: 2022F-2026F
Malaysia
Electric Two-Wheeler Vehicles Industry Players
- Electric 2 wheelers
- Eclimo
- Treeletrik
- NIU
Key Topics
Covered in the Report
- Electric two-wheeler Vehicles Industry Future Outlook
- Value Chain Analysis of Electric two-wheeler
Vehicles Industry
- Business Models of Major Entities in the
Electric two-wheeler Vehicles Industry
- Customer Preferences and Buying Decision
Behavior in Electric two-wheeler Vehicles Industry
- Market Size of Electric two-wheeler Vehicles
Industry by Transaction Value and Sales Volume
- Market Potential of Malaysia Electric
two-wheeler Vehicles Market
- Market Segmentation of Electric two-wheeler
Industry by type of electric 2 wheelers, type of battery capacity, type of
battery technology, type of voltage, and by battery type
- Competitive Scenario of the Electric
two-wheeler Vehicles Industry
- Issues and Challenges in Electric two-wheeler
Vehicles Market
- Trends and Developments in the Electric
two-wheeler Vehicles Industry
- Porter’s Five Forces analysis of the Electric
two-wheeler Vehicles Industry
- Growth Drivers of Electric two-wheeler
Vehicles Industry
- Challenges and Restraints in the Electric
two-wheeler Vehicles Industry
- Government Rules and Regulations in the
Electric Vehicles two-wheeler Industry
- Impact of Covid-19 and Government Regulations
on Electric two-wheeler Vehicles Industry
- Future Market Size of Electric two-wheeler
Vehicles Industry by Transaction Value and Sales Volume
- Future Market Segmentation of Electric
two-wheeler Vehicles Industry by type of electric 2 wheelers, type of
battery capacity, type of battery technology, type of voltage, by battery
type
- Industry Speaks
- Analyst Recommendations
- Research Methodology
Related
Reports
UAE
Electric Vehicle Charging Equipment Market Outlook To 2026: Driven By
Government Support And Incentives With The Increasing Focus To Achieve Green
And Sustainable Economy
Malaysia
Automotive Lubricant Market Outlook To 2025- Driven By Growing Adoption Of
High-Performance Lubricants, Increasing Vehicles On Road Coupled With The
Availability Of Products On E-Commerce Platforms
Malaysia Used
Car Market Outlook To 2026F (Third Edition) – Demand For Used Cars Increased
Due To Shift In User Preference Towards Personal Mobility, Induced By Covid-19
Contact Us:-
Ken
Research
Ankur
Gupta, Head Marketing & Communications
support@kenresearch.com
+91-9015378249
