Electric Tricycle Market size is expected to grow USD 12,228.9...

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According to the Market Statsville Group (MSG), the global electric tricycle market size is expected to grow from USD 3,117.9 million in 2021 to USD 12,228.9 million by 2030 at a CAGR of 16.4% from 2022 to 2030. Electric trikes provide greater stability and convenience than regular motorcycles, propelling the worldwide electric trike industry. Due to increased demand for energy-efficient and green cars worldwide, the electric trike market will rise significantly. The evolution of technology and the introduction of high-performance electric vehicles allowed travelers to enjoy both a car and a motorcycle journey in one vehicle. Local commuters in developed regions such as Western Europe and North America prefer the low-powered tricycle to other modes of transportation.

The advancements in battery technology are expected to increase the demand for electric trike buyers. For example, recent advancements in Lithium-Ion batteries have allowed electric trike producers to lower total vehicle weight while still providing a longer battery life than traditional VRLA and lead-acid batteries. However, the e-tricycle market’s growth is hampered by high initial purchase costs, a lack of standards for EV charging infrastructure, and the lack of dedicated lanes for e-tricycles.

COVID–19 Impact on the Global Electric Tricycle or e-Trikes...

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APRIL WHITE has been a film producer, private investigator, bouncer, teacher and screenwriter. She has climbed in the Himalayas, lived on a gold mine in the Yukon, and survived a shipwreck. She and her husband live in Southern California with their two sons, dog, various chickens, and a lifetime collection of books.

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