Eisya A. Eloksari
Tue 4 May 2021
Demand for electric motorcycles is expected to pave the way for the adoption of electric vehicles (EVs) in Indonesia, as bicycles become competitive against regular motorcycles by 2022, according to a study.
The study by consulting firm McKinsey & Company showed that the total cost of owning a two-wheeled electric vehicle is expected to equal that of conventional internal combustion engine (ICE) motorcycles by next year. and be cheaper than ICE motorcycles by 2025.
In 2020, the lifetime cost of owning a conventional motorcycle was around $ 2,400, while an electric motorcycle was around $ 2,616. The study suggests that electric motorcycles will reach cost parity with ICE bikes by 2022, as EV batteries become cheaper.
âThat’s why we expect electric two-wheelers to become the first [EVs] to reach 50% use in Indonesia â, McKi …
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