Global Electric Three Wheeler Market is anticipated to grow from USD 1.1 billion in 2023 to USD 1.6 billion in 2030 at a CAGR of 2.1% during the forecast period from 2025 to 2030.
The Global Electric Three Wheeler Market is anticipated to grow from USD 1.1 billion in 2023 to USD 1.6 billion in 2030 at a CAGR of 2.1% during the forecast period from 2025 to 2030.
The global electric three-wheeler market growth is boosting because of the Increasing demand for sustainable and efficient transportation solutions. These vehicles have environmental benefits, adaptability and cost-effectiveness that are enhancing their popularity in urban and suburban locales. The market is also growing due to the pitch in e-commerce and online shopping which has increased the adoption of electric three-wheelers for last-mile delivery.
Browse 58 market data Tables and 35 Figures spread through 197 Pages and in-depth TOC on Global Electric Three-Wheeler Market By Battery Type (Li-ion and Lead Acid), By End-Use (Passenger Carrier and Goods Carrier), By Driving Range (less than 50 miles, 50-100 miles and above 100 miles) and By Geography (North America, Asia-Pacific, Europe and Rest of the World) - Global Forecast from 2025 to 2030.
Global Electric Three Wheeler Market Segmentation and Key Players
|
Segment / Key Players |
Categorization |
|
Battery Type |
Li-ion and Lead Acid |
|
End-Use |
Passenger Carrier and Goods Carrier |
|
Driving Range |
less than 50 miles, 50-100 miles and above 100 miles |
|
Key Players |
Clean Motion India, Kinetic Green Energy and Power Solutions Ltd., Terra Motors Corporation, Saera Electric Auto Pvt. Ltd., Hero Electric Vehicles Pvt. Ltd and Lohia Auto Industries |
By driving range, 50-100 miles dominate the global electric three-wheeler market
The 50-100 miles segment dominated the market. 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.
“Asia Pacific is anticipated to register the fastest CAGR during the forecast period, i.e., 2025-2030 in the global electric three-wheeler market.”
Asia-Pacific dominates the Global Electric Three Wheeler Market in terms of market share. India has surpassed China to become the world's largest market for electric three wheelers.
Some of the prominent companies in the electric three-wheeler market are Mahindra Electric, Terra Motors Corporation, Changzhou Yufeng Vehicle Co. Ltd., Jiangsu East Yonsland Vehicle Manufacturing Co. Ltd., Kinetic Green Energy & Power Solutions Ltd., Xianghe Quiangsheng Electric Tricycle Factory, Jiangsu Kingbon Vehicle Co. Ltd., Piaggio Group, Lohia Auto Industries , Groupe PSA, Adapt Motors Pvt. Ltd., Atul Auto Limited, Electrode.
Recent Development by Key Players
Mahindra Last Mile Mobility Limited (MLMML), India’s premier electric 3-wheeler company has introduced its latest offering, the Treo Plus featuring a durable metal body. This innovation comes in response to invaluable customer feedback, showcasing MLMML’s commitment to meeting the evolving needs of its clientele.
Global autonomous bvlos drone market coverage (By Value)
- Battery Type Insight and Forecast 2025-2030
- Li-ion
- Lead Acid
- End-Use Insight and Forecast 2025-2030
- Passenger Carrier
- Goods Carrier
- Driving Range Insight and Forecast 2025-2030
- Less than 50
- 50 to 100 miles
- Above 100 miles
Geographical Segmentation
Global Autonomous BVLOS Drone Market by Region
- North America
- U.S.
- Canada
- Mexico
- Europe
- Germany
- U.K.
- France
- Italy
- Spain
- Russia
- Rest of Europe
- Asia-Pacific (APAC)
- China
- Japan
- India
- Rest of the World
- Brazil
- Saudi Arabia
- South Africa
- U.A.E
- Other Countries