How Government Policies Are Driving the Electric Two-Wheelers Market
The global transportation landscape is undergoing a significant transformation, with electric two-wheelers (E2Ws) emerging as a pivotal component of sustainable mobility solutions. Governments worldwide are implementing a variety of policies to promote the adoption of E2Ws, aiming to reduce carbon emissions, alleviate urban congestion, and enhance energy security. These policy interventions have been instrumental in driving the growth of the electric two-wheelers market. Global Market Projections According to Persistence Market Research, the global electric two-wheelers market is projected to expand from US$ 19.6 billion in 2024 to US$ 58.6 billion by 2031, reflecting a compound annual growth rate (CAGR) of 11.6% during the forecast period. This substantial growth underscores the increasing acceptance and demand for electric two-wheelers across various regions. Influential Government Policies Several key government policies have significantly contributed to the accelerat...