According to "Global Electric Three-Wheeler Market By Vehicle Type, By Battery Capacity, By Battery Type, By Region, Competition Forecast & Opportunities, 2013-2023" electric three-wheeler market is projected to grow at a CAGR of over 19% by 2023 on account of rising air pollution levels across the globe and inclination of users towards cleaner automobiles.Moreover, increasing support from various governments and their initiatives to evolve the automobile industry into a more cleaner industry is further anticipated to positively influence the global electric three-wheeler market during the forecast period.
Additionally, growing affordability of electric three-wheelers is further anticipated to fuel their demand in the coming years. Some of the major players operating in the global electric three-wheeler market include Lohia Auto Industries, Kinetic Green Energy & Power Solutions Ltd., Terra Motors India Corp., Clean Motion, Hero Electric Vehicles Pvt Ltd, and Saera Electric Auto Pvt. Ltd. All these companies are well assisted by their key development teams and are supported by their strong network across the globe.
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