Electric Three Wheeler Market Size, Share, Analysis, Trends, Growth and Forecast to 2022-2027
According to the latest report by IMARC Group, titled " Global Electric Three Wheeler Market Size, Share, Industry Trends, Growth, Opportunity and Forecast 2022-2027 ", the global electric three-wheeler market reached a value of US$ 596.2 Million in 2021 . Looking forward, IMARC Group expects the market to reach a value of US$ 1,059.10 Million by 2027 , exhibiting a CAGR of 9.60% during 2022-2027 . Electric three-wheelers or e-rickshaws are electrically powered vehicles that operate with high torque motors and durable batteries. They are generally classified as light commercial vehicles, which have emerged as a convenient and eco-friendly mode of public transportation. Electric three-wheelers find wider application in various industries like passenger commuting within the city as well as transportation of goods and services from one place to another. They are cost-effective, has a compact design and exhibit zero carbon emission, noise-free travel expe...