Analysis of global electric vehicle market

      My name is Allen Yu, and I am the head of LEO. I have been engaged in electric vehicle industry for more than ten years, and engaged in electric vehicle foreign trade for six years. Let me talk about my understanding of electric vehicles and their overseas markets.

     The electric vehicle industry is a large industry, which can be divided into many categories . Electric motorcycle, simple electric bicycle, electric bicycle with power assist (ebike), low-speed electric car, Freight tricycles and passenger tricycles,electric golf car (special electric four-wheel car), leisure tricycle and four-wheel car, electric scooter (of course, people in many regions like to call most electric vehicles scooters).Maybe what I said is very complicated. Of course, due to translation, many expressions are not very accurate. Welcome friends from all over the world to communicate with me and let me know more.When I am empty, I will update the article to specify the content of each category.

   The largest and easiest overseas market is North America. North America has a population of about 400 million and is a large unified market. Unlike Europe, each country has a different system. They are very rich and have high purchasing enthusiasm and ability. Most electric vehicle are their needs. My first customer is from the United States, and I have cooperated with him till now. We mainly export electric scooters and low-speed electric cars to them.Golf carts are also their favorite. There are golf courses everywhere in the United States. They like to drive their own golf carts to play golf. Usually, they also drive their own golf carts to play nearby and go shopping.So our company also produces many types of golf carts, hoping to cooperate with more American customers.

   Europe is also a big market, but they are not unified. The requirements of each country are different. Most electric vehicles need to be certified for export. Some countries also need to pay high import taxes, which affect the export of electric vehicles.The most popular products in the European market are ebike (electric bicycle with power assisted system), electric motorcycles and electric scooters. In recent years, low speed electric cars have become more and more popular due to the rising price of energy, especially gasoline. However, if any model is sold on a large scale, it must have eec certification, and the certificate has become an important obstacle. Because each certification costs a lot of money, many factories are not sure whether there will be many orders for products after certification to ensure that they can earn money.

   The Southeast Asian market is a market with a particularly large number, but most of this market needs products with relatively low prices, especially India. Most Indian customers are very, very smart. They even know electric vehicles better than us.In order to protect their own production industry, India can only import parts to assemble by itself. They mainly need electric motorcycles.To be honest, I don't like working with Indian customers. They can only bargain.

  The above is some information about some major markets that I have learned. Of course, there are still many markets that have not been mentioned. I will continue to talk about some other markets and market segments next time.