Asia-Pacific (APAC) has been the most-productive two-wheeler hub motor market till now, as China is the largest producer of automobiles and their components in the world. Moreover, as per the IEA, of the 350 million electric two- and three-wheelers running on the world’s roads in 2019, 25% were in China alone! This is because China is notorious for its air pollution and smog, which have forced the People’s Government to take initiatives to reduce the amount of GHG emissions from vehicles.

Hence, as the sale of electric two-wheelers increases, so will that of hub motors.

Get more insight: https://bit.ly/Two-WheelerHubMotorMarket
Asia-Pacific (APAC) has been the most-productive two-wheeler hub motor market till now, as China is the largest producer of automobiles and their components in the world. Moreover, as per the IEA, of the 350 million electric two- and three-wheelers running on the world’s roads in 2019, 25% were in China alone! This is because China is notorious for its air pollution and smog, which have forced the People’s Government to take initiatives to reduce the amount of GHG emissions from vehicles. Hence, as the sale of electric two-wheelers increases, so will that of hub motors. Get more insight: https://bit.ly/Two-WheelerHubMotorMarket
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Two-Wheeler Hub Motor Market Heating Up
In 2018, the global two-wheeler hub motor market was valued at $4,838.5 million, and it is expected to reach $8,458.7 million by 2024, witn...
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