The electric three wheeler global market was worth under 3.9 billion U.S. dollars un 2019. Over three quarters of this market was split between vehicles using a lithium-ion battery and those using a lead acid battery. Lead acid battery vehicles are tipped to record a slower growth than their lithium-ion counterpart, at a compound annual growth rate of under nine percent between 2020 and 2026, compared to over 11.5 percent for lithium-ion battery three wheelers. The lithium-ion segment is forecast to reach a value of over 2.4 billion U.S. dollars by 2026.
Projections for the electric three-wheeler market size worldwide between 2018 and 2026, by battery type
(in million U.S. dollars)
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MRFR. (August 1, 2020). Projections for the electric three-wheeler market size worldwide between 2018 and 2026, by battery type (in million U.S. dollars) [Graph]. In Statista. Retrieved November 22, 2024, from https://www.statista.com/statistics/1283758/global-electric-three-wheeler-market-forecast-by-battery-type/
MRFR. "Projections for the electric three-wheeler market size worldwide between 2018 and 2026, by battery type (in million U.S. dollars)." Chart. August 1, 2020. Statista. Accessed November 22, 2024. https://www.statista.com/statistics/1283758/global-electric-three-wheeler-market-forecast-by-battery-type/
MRFR. (2020). Projections for the electric three-wheeler market size worldwide between 2018 and 2026, by battery type (in million U.S. dollars). Statista. Statista Inc.. Accessed: November 22, 2024. https://www.statista.com/statistics/1283758/global-electric-three-wheeler-market-forecast-by-battery-type/
MRFR. "Projections for The Electric Three-wheeler Market Size Worldwide between 2018 and 2026, by Battery Type (in Million U.S. Dollars)." Statista, Statista Inc., 1 Aug 2020, https://www.statista.com/statistics/1283758/global-electric-three-wheeler-market-forecast-by-battery-type/
MRFR, Projections for the electric three-wheeler market size worldwide between 2018 and 2026, by battery type (in million U.S. dollars) Statista, https://www.statista.com/statistics/1283758/global-electric-three-wheeler-market-forecast-by-battery-type/ (last visited November 22, 2024)
Projections for the electric three-wheeler market size worldwide between 2018 and 2026, by battery type (in million U.S. dollars) [Graph], MRFR, August 1, 2020. [Online]. Available: https://www.statista.com/statistics/1283758/global-electric-three-wheeler-market-forecast-by-battery-type/
