TLDR
The Asia light electric vechile market is predicted to grow at 7.0% CAGR during the forecast period with the market size reaching USD 52.8 billion by 2024. The market is driven by the factors such as technological advancements, government support, rapid urbanization and low maintenance requirements of these vehicles. E-rickshaws are the major mode of transport in the major urban cities of these countries such as India and Thailand. The urban population in Asia prefers scooters and motorcycle for their daily commute as it saves them time and cost.via the TL;DR App
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