EV OEMs Worldwide
The Rise of Two-Wheeler Electric Vehicle OEMs Globally The electric vehicle (EV) industry has witnessed significant growth across the globe, especially in the two-wheeler segment. From 2010 to 2022, countries like Norway, the UK, the European Union, China, the United States, Germany, South Africa, India, and Sweden have experienced rapid increases in EV adoption. This shift is largely driven by the need for sustainable transportation and reducing carbon emissions. The success of EVs has encouraged traditional automotive firms to invest in startups, leading to a surge in new players in the market. The following is a country-wise overview of the major Original Equipment Manufacturers (OEMs) and startups dominating the two-wheeler EV space. 1. India: A Growing EV Market India’s transition to electric mobility is in full swing, though it still represents a small share of the global EV market. However, two-wheeler EVs are becoming increasingly popular due to affordability and urban mobility...