Electric Tricycle and Microcar Market to Reach $97.8 Billion by 2032

The global electric tricycle and microcar market is projected to reach $97.8 billion by 2032, driven by factors such as the demand for last mile solutions, government initiatives for electric vehicles, and the popularity of sustainable transportation. The between 100 to 200 km sub-segment and the lead-acid battery sub-segment will hold significant market shares. The passenger transport sub-segment is expected to grow at the highest CAGR, and the Asia-Pacific region is anticipated to be the most dominant market.