Indonesia Electric Three-wheeler Market

Industry Overview

The Indonesia Electric Three-Wheeler Market is predicted to grow at 13.5% CAGR during the forecast period, in terms of its fleet size.In year 2023 the electric three-wheelers market was USD 1.42 billion and expected to reach USD 3.24 billion by 2030. 

The Indonesian market is still unexplored and the government is yet to push the adoption of electric three-wheelers in the country. However, the increasing popularity of these vehicles is leading to increasing traction among manufacturers for revenue generation.

Indonesia Electric Three-wheeler Market Report Coverage

Report Metric	Details
Historical Period	2018 - 2023
Base Year Considered	2024
Forecast Period	2025 - 2030
Market Size in 2023	U.S.D.  1.42 Billion
Revenue Forecast in 2030	U.S.D.  3.24 Billion
Growth Rate	13.5%
Segments Covered in the Report	By Product, By Type, By Motor Power and By Driving Range
Report Scope	Market Trends, Drivers, and Restraints; Revenue Estimation and Forecast; Segmentation Analysis; Impact of COVID-19; Companies’ Strategic Developments; Market Share Analysis of Key Players; Company Profiling
Regions Covered in the Report	Indonesia

Indonesia Electric Three-Wheeler Industry Dynamics

Indonesia Electric Three-Wheeler Market Trends / Growth Drivers

The electric three-wheelers market in Indonesia is yet to gain the expected traction and the government is yet to prepare a clear roadmap for the electric vehicle industry. The urban population in Indonesia prefers three-wheelers for their daily commute as it saves them time and cost. With the introduction of electric three-wheelers, these vehicles further, save the maintenance cost which creates traction among the masses. Moreover, the consumer finds these vehicles efficient, especially for intracity transport for low-distance travel.

Auto rickshaw provides cheaper and faster intracity transport in these countries; therefore, a large population depends on it for transport. Although the lower performance compared to conventional auto rickshaws, electric three-wheelers are still being preferred for their low maintenance rate. In Indonesia, the government plans to collaborate with the manufacturers to increase the electric vehicle fleet size in the country. Mitsubishi Motors Corp. partnered with the Indonesian government on the use of electric vehicles to help the country reduce exhaust emissions and develop a greener environment. These initiatives are further anticipated to propel the demand for electric three-wheelers in the country.

Indonesia Electric Three-Wheeler Market Challenges

The major restraints of Indonesia Electric Three Wheeler Market are lack of charging stations, high initial costs of the vehicles.

Recent Developments by Key Players

Clean Motion AB collaborated with EU Electric vehicle manufacturer. The project GIANTS (Green Intelligent Affordable Nano Transport Solutions) has a total of 23 project partners and a total budget of 15.1 million euros, of which 12 million euros are grants from the EU. Clean Motion has the third largest budget and shall be awarded a grant from the EU of 1.3 million euros.

Terra Motors (Japan) sets up EV chargers in India. 3-wheeler startup eyes 1,000 charging stations, starting near New Delhi. Terra, which formed a dedicated local company for the business, said it is the first Japanese installer and operator of EV chargers in India.

Indonesia Electric Three-Wheeler Market Segmentation

VynZ Research provides an analysis of the key trends in each segment of the Indonesia Electric Three-Wheeler Market report, along with forecasts at the regional and country levels from 2025-2030. Our report has categorized the market based on product, type, motor power and driving range.

Market Segmentation

Insight by Product

Based on product, the electric three-wheelers market is segmented into e-rickshaws, e-auto, and others. E-rickshaws are the most preferred three-wheeler category. E-rickshaws are the typical three-wheelers with a top speed of around 25km/hr. These are alternatives to conventional pull rickshaws with pedals and auto rickshaws. A typical e-rickshaw carries 4+1 or 3 passengers at a time.

Insight by Type

Based on type, the market is categorized into passenger vehicles and load carriers. Passenger vehicles hold a larger share of the market due to the high preference for these vehicles in intracity transport within metropolitan cities.

Insight by Motor Power

Based on motor power, the market is segmented into 1,500 W. Of all, 1,000-1,500 W powered three-wheelers hold the largest share in the Indian market. The highest share of the 1,000-1,500 W powered three-wheelers in the market is due to the optimum performance and cost of the vehicle at this power.

Insight by Driving Range

The market is segmented based on driving range, as less than 50 miles, 50-100 miles and above 100 miles. The 50-100 miles segment dominated the market during the forecast period. Developments in electric vehicles with dynamic investments by automakers and increasing concerns about environmental pollution are the major factors for the growth of the market.

Indonesia Electric Three-Wheeler Market: Geographic Overview

Indonesia Electric Three-Wheeler Market Competitive Insight

The report offers competitive insight into the players offering electric three-wheelers, OEMs, or components manufacturers for these vehicles. Product and services, recent developments, and financial highlights for the players operating in the Indonesian electric three-wheelers market.

Clean Motion is a proven solution for the future of mobility. It is a transportation solution suited for daily use, with a vehicle somewhere between a conventional car and a scooter. Company's industrial design has been crafted over the years to meet the needs of a wide range of businesses with one common purpose - providing urban transport at scale.

The Indonesia Electric Three Wheeler Market report offers a comprehensive market segmentation analysis along with an estimation for the forecast period 2025–2030.

PRIMARY RESEARCH INTERVIEWS - BREAKDOWN

1. Research Overview

1.1.  The Report Offers

1.2.  Market Coverage

1.2.1. By Product

1.2.2. By Type

1.2.3. By Motor Power

1.3.  Research Phases

1.4.  Limitations

1.5.  Market Size Estimations and Forecast

1.5.1. Data Sources

1.5.1.1. Primary Research

1.5.1.2. Secondary Research

1.5.2. Methodology

1.5.2.1. Data Exploration

1.5.2.2. Forecast Parameters

1.5.2.3. Data Validation

1.5.2.4. Assumptions

1.5.3. Study Period & Data Reporting Unit

2. Executive Summary

3. Market Definition

3.1. By Product

       3.1.1.  E-Rickshaw

       3.1.2. E-Auto 

       3.1.3. Others

3.2.  By Type

3.2.1. Passenger Vehicles

3.2.2. Load Carriers

3.3.  By Motor Power

3.3.1. <1,000W

3.3.2. 1,000-1,500 W

3.3.3. >1,500W

4. Industry Overview

4.1.  Industry Dynamics

4.1.1. Major Drivers

4.1.2. Major Restraints

4.1.3. Key Trends

4.1.4. Key Opportunities

4.2.  Industry Ecosystem

4.2.1. Value Chain Analysis

4.2.2. Regulatory Framework

4.3.  Competitive Insight

5. Indonesia Market Estimate and Forecast

5.1.  By Product

5.2.  By Motor Power

6. Company Profiles

7. Appendix

7.1.  Exchange Rates

7.2.  Abbreviations

List of Tables

Table 1 Sources

Table 2 Study Periods

Table 3 Data Reporting Unit

Table 4 Indonesia Electric Three-Wheeler Market Size, By Product, Units (2018 – 2023)

Table 5 Indonesia Electric Three-Wheeler Market Size, By Product, Units (2025 – 2030)

Table 6 Indonesia Electric Three-Wheeler Market Size, By Type, USD Billion (2018 – 2023)

Table 7 Indonesia Electric Three-Wheeler Market Size, By Type, USD Billion (2025 – 2030)

Table 8 Indonesia Electric Three-Wheeler Market Size, By Motor Power, Units (2018 – 2023)

Table 9 Indonesia Electric Three-Wheeler Market Size, By Motor Power, Units (2025 – 2030)

Table 10 Indonesia Electric Three-Wheeler Market Size, By Motor Power, USD Billion (2018 – 2023)

Table 11 Indonesia Electric Three-Wheeler Market Size, By Motor Power, USD Billion (2025 – 2030)

Table 12 Snapshot – Clean Motion India

Table 13 Snapshot – Kinetic Green Energy and Power Solutions Ltd.

Table 14 Snapshot – Terra Motors Corporation

Table 15 Snapshot – Hero Electric Vehicles Pvt. Ltd.

Table 16 Snapshot – Lohia Auto Industries

List of Figures

Figure 1 Market Coverage

Figure 2 Research Phases

Figure 3 Secondary Sources for Different Parameters

Figure 4 Methodology

Figure 5 Data Mining & Exploration

Figure 6 Data Triangulation

Figure 7 Assumptions for Market Estimation and Forecast

Figure 8 Indonesia Electric Three-Wheeler Market - Growth Drivers and Restraints

Figure 9 Value Chain Analysis

Figure 10 Competitive Benchmarking

Figure 11 Indonesia Electric Three-Wheeler Market Highlight

Figure 12 Indonesia Electric Three-Wheeler Market Size, By Product, Units (2018 - 2030)

Figure 13 Indonesia Electric Three-Wheeler Market Size, By Product, USD Billion (2018 - 2030)

Figure 14 Indonesia Electric Three-Wheeler Market Size, By Motor Power, Units (2018 - 2030)

Figure 15 Indonesia Electric Three-Wheeler Market Size, By Motor Power, USD Billion (2018 - 2030)