Singapore's electric motorcycle startups look overseas as local adoption stalls
SINGAPORE, Aug. 31 -- Electric motorcycle companies founded in Singapore are finding faster growth abroad than at home, as high prices, limited battery capacity and slow consumer uptake continue to hold back domestic adoption.
According to CNA, as of July, only 433 electric motorcycles were registered in Singapore - a mere 0.2 per cent of the motorcycle population - even as electric cars have surged past 69,000 units. The Land Transport Authority (LTA) told CNA that electrification of motorcycles remains "at an early stage", despite Singapore's broader push toward cleaner vehicles by 2040.
With demand sluggish at home, Singapore firms are expanding into countries where motorcycles are essential daily transport.
Battery-swapping - popul...
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