ASEAN Electric Two-Wheeler Market to Grow with a CAGR of 12.90% through 2030

Increasing urbanization and traffic congestion, leading to a rising demand for eco-friendly and efficient urban mobility solutions, coupled with government incentives and initiatives promoting electric vehicles and expanding middle-class population are the factors driving the ASEAN Electric Two-Wheeler Market in the forecast period 2026-2030.

According to TechSci Research report, “ASEAN Electric Two-Wheeler Market - By Country, Competition, Forecast & Opportunities, 2030F”, The ASEAN Electric Two-Wheeler Market was valued at USD 1077.80 million in 2024 and is expected to reach USD 2232.04 million by 2030 with a CAGR of 12.90% during the forecast period.The ASEAN electric two-wheeler market is experiencing rapid growth and transformation, driven by a convergence of factors including urbanization, environmental concerns, technological advancements, and government initiatives. Spanning across ten diverse member countries, ASEAN presents a dynamic landscape for electric two-wheelers, with unique challenges and opportunities in each market. In this comprehensive overview, we will delve into the dynamics of the ASEAN electric two-wheeler market, examining the key drivers, challenges, market trends, and future prospects.

Urbanization is a defining trend across the ASEAN region, with a significant portion of the population residing in densely populated urban areas. As cities expand and populations swell, so do challenges related to transportation and mobility. Traffic congestion, air pollution, and limited access to public transit are pressing issues in major cities across ASEAN, impacting quality of life and economic productivity. Electric two-wheelers offer a promising solution to these challenges, providing a cost-effective, efficient, and environmentally friendly mode of transportation for urban commuters. With their agility and compact size, electric scooters and motorcycles are well-suited to navigate congested city streets, offering a viable alternative to traditional gasoline-powered vehicles.

Government policies and incentives play a crucial role in shaping the adoption of electric vehicles, including two-wheelers, across ASEAN. Recognizing the importance of reducing greenhouse gas emissions and improving air quality, governments have implemented various measures to promote electric vehicle adoption. These measures include tax incentives, subsidies, rebates, and exemptions for electric vehicles. For example, countries like Indonesia, Thailand, and Malaysia offer tax breaks and incentives to manufacturers and consumers to encourage the production and purchase of electric vehicles. Additionally, initiatives such as the Singapore Green Plan 2030 and the Philippines' Electric Vehicle Roadmap aim to accelerate the adoption of electric vehicles, including two-wheelers, as part of broader sustainability and environmental goals.

Technological advancements in battery technology have been instrumental in driving the adoption of electric two-wheelers across ASEAN. Lithium-ion batteries, in particular, have undergone significant improvements in energy density, charging efficiency, and cost reduction, making them the preferred choice for electric vehicle manufacturers. These advancements have led to longer ranges, faster charging times, and improved performance for electric two-wheelers, addressing concerns related to range anxiety and charging infrastructure. Additionally, advancements in electric motor technology, regenerative braking systems, and lightweight materials have further enhanced the efficiency and performance of electric two-wheelers, making them increasingly competitive with their internal combustion engine counterparts.

Browse over market data Figures spread through XX  Pages and an in-depth TOC on "ASEAN Electric Two-Wheeler Market” 

ASEAN Electric Two-Wheeler Market Is Segmented By Range, Battery, Battery Capacity, Vehicle and Country. 

The market is primarily segmented by battery type into lead-acid and lithium-ion batteries. Lead-acid battery-powered electric two-wheelers remain more affordable and are preferred in price-sensitive markets such as Vietnam and Indonesia for short-distance commuting. However, lithium-ion battery models are gaining rapid traction due to their longer lifespan, faster charging, and lower maintenance. Countries like Thailand and Malaysia are seeing increased adoption of lithium-ion-based models, especially in fleet applications and delivery services. Technological advancements and the entry of domestic manufacturers are also boosting lithium-ion battery integration. Supportive policy frameworks, such as tax exemptions, EV roadmaps, and import subsidies across ASEAN member states, are further accelerating the shift towards lithium-ion dominance in the medium term, while lead-acid options continue to cater to the low-cost mobility segment.

In 2024, Thailand’s electric two-wheeler market is witnessing strong growth, driven by supportive government policies, rising fuel costs, and increasing demand for sustainable mobility. The government’s EV roadmap, which includes tax incentives, subsidies, and infrastructure development, is encouraging both domestic production and consumer adoption. The rise in last-mile delivery services and e-commerce has further fueled demand for electric scooters and motorcycles, particularly in urban areas like Bangkok, where traffic congestion and environmental concerns are prompting a shift toward cleaner alternatives. Local manufacturers and importers are expanding their product offerings, focusing on performance, affordability, and energy efficiency. Lithium-ion battery-powered models are gaining preference due to better charging times and longevity, while lead-acid variants remain in limited use for low-cost options. Charging infrastructure, though still developing, is expanding steadily through public-private partnerships. As awareness about air pollution and fuel economy grows, Thailand is emerging as a key player in the ASEAN electric two-wheeler market with robust future potential.

Major companies operating in ASEAN Electric Two-Wheeler Market are:

• Zero Motorcycles Inc.
• Hero Electric Vehicles Pvt. Ltd
• Vmoto Limited
• AIMA Technology Group Co. Ltd
• Dongguan Tailing Electric Vehicle Co. Ltd
• Piaggio & C. SpA
• Ather Energy Pvt. Ltd
• Energica Motor Company
• Honda Motor Co. Ltd
• Gogoro Inc.   

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“The ASEAN electric two-wheeler market is growing steadily, driven by rising fuel prices, urban congestion, and government-led electrification initiatives. Countries like Thailand, Vietnam, and the Philippines are witnessing increasing adoption, supported by subsidies, local manufacturing, and expanding charging infrastructure. Lithium-ion battery-powered models dominate due to better performance and lifecycle, while lead-acid variants serve entry-level segments. E-commerce growth and last-mile delivery demand are accelerating electric scooter usage. Excluding Indonesia, markets like Thailand are showing rapid growth potential due to strong policy backing and environmental awareness, positioning the ASEAN region as a promising landscape for electric two-wheeler expansion in the coming years”, said Mr. Karan Chechi, Research Director of TechSci Research, a research-based management consulting firm.

“ASEAN Electric Two-Wheeler Market By Vehicle (Scooter/Mopeds, Motorcycle), By Range (Less than 50Km, 50-100Km, 101-150Km, Above 150Km), By Battery Capacity (<25Ah, >25Ah), By Battery (Lead Acid, Li-ion), By Country, Competition, Opportunities and Forecast, 2020-2030F.”, has evaluated the future growth potential of ASEAN Electric Two-Wheeler Market and provides statistics & information on market size, structure and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges, and opportunities in ASEAN Electric Two-Wheeler Market.

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