Japan electric two-wheeler market is projected to grow at a considerable CAGR during the forecast period. The increasing government subsidies on EVs, and the increasing renewable energy sector are the key factors to make a considerable contribution towards the growth of the electric two-wheeler industry in the country. Japan government plans to have zero emission country by 2050 and want to tighten the emission target for vehicles by 2030.
Moreover, in November 2020, Japan announced a target of carbon neutrality by 2050 to boost the renewable energy sector. Japan’s Prime Minister Yoshihide Suga’s government has pledged to guarantee to spend $20 billion on green tech and new wind power targets. Apart from it, Japan Climate initiatives (JCI) Group of 92 Japanese companies including Toshiba Corp, Sony Corp, and Nissan Motor Co Ltd, called government to increase its 2030 renewable energy target from 22-24% to 40-50%.
A full report of Japan Electric Two-Wheeler Market is available at: https://www.omrglobal.com/industry-reports/japan-electric-two-wheeler-market
In the year ended March 2020, 18% renewable energy accounted in country Japan. Japan’s current target of 22-24% is lower than the European countries include Spain’s 74%, Germany’s 65% and Italy’s 55%. So, the government subsidies for the products and the increasing renewable energy sector in the region are driving the Japan electric two Wheeler market.
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Market Coverage
- Market number available for – 2018-2025
- Base year- 2018
- Forecast period- 2019-2025
- Segment Covered- By Battery Type, By Product Type, By Battery Technology
- Region Covered- Japan
- Competitive Landscape- Fujikom Corp. Co., Ltd.m, Okinawa Autotech Pvt. Ltd., Panasonic Corp., and Terra Motors Corp.
Key Questions Addressed by the Report
- What is the market growth rate?
- Which segment dominates the market in the base year?
- Which segment will project the fastest growth in the market?
- How COVID-19 impacted the market?
- Who is the leader in the market?
- How players are addressing challenges to sustain growth?
- Where is the investment opportunity?
Japan Electric Two-Wheeler Market Report Segment
By Product Type
- Scooter
- Motorcycle
By Battery Type
- NiMH
- Li-ion
- Others
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