TAIWAN Electric Motorcycle Market, By Vehicle Range,

the taiwanese electric motorcycle market has been steadily growing over the years and is expected to continue its upward trend in the upcoming years. one of the major factors contributing to this growth is the increasing awareness and concern towards environmental sustainability, which has led to a shift towards electric vehicles. one of the key segments in this market is the vehicle range category, which determines the distance that an electric motorcycle can cover on a single charge. this category is crucial for consumers as it directly affects their usage and convenience of the vehicle. currently, the market offers a variety of vehicle ranges ranging from low, medium to high. however, with the advancements in technology and increasing competition, it is expected that the vehicle range category will witness significant changes in the coming years. in 2017, the low range category dominated the market with the majority share in terms of revenue. these motorcycles typically have a range of 60 to 80 kilometers on a full charge and are suitable for daily intra-city commute. the affordability factor is one of the key reasons for the high demand for low range electric motorcycles in taiwan. additionally, the government's initiatives to promote electric vehicles by providing subsidies and incentives have further fueled the demand for this segment. however, over the forecast period of 2018-2030, the medium and high-range categories are expected to witness a substantial growth in demand. with the increasing adoption of electric motorcycles in longer commute routes and inter-city travels, the demand for medium and high-range vehicles is expected to rise. these motorcycles offer a range of 100-150 kilometers and 150+ kilometers respectively, making them suitable for longer journeys. moreover, with the growing investments in research and development, there have been significant improvements in battery technology, resulting in increased energy density and extended range of electric motorcycles. this has also led to a decrease in the price of high-range vehicles, making them more accessible to the masses. in conclusion, the taiwanese electric motorcycle market, particularly in the vehicle range category, is expected to witness significant growth in the coming years. the shift towards electric vehicles and advancements in technology are likely to create favorable opportunities for manufacturers in this segment. it is crucial for industry players to keep up with the changing demand patterns and offer a diverse range of vehicles to cater to the varying needs of consumers.