The latest research shows that the demand for global Electric Bike Market size & share was estimated around USD 41.35 Billion in 2020 and is expected to cross USD 69.24 Billion by the end of 2028, with a compound annual growth rate (CAGR) of nearly 14.9% between 2021 and 2028. The Electric Motorcycles Market is projected to be worth USD 58.37 Billion by 2027, registering a CAGR of 12% during the forecast period (2021 - 2027). As an emerging country, Sri Lanka is still a "empty ocean" for electric bicycles and electric motorbikes.
At present, relying on our strong network of local political and business relations, we have made preliminary contacts for market access, assembly, sales and selection of local partners for the establishment of electric bicycle and electric motorbike companies in Sri Lanka. We have also reached an agreement at government level on industrial policy support and preferences.
