Electric 3-wheeler Cargo Bikes Market Trends

Electric 3-wheeler Cargo Bikes Market Trends

Electric 3-wheeler cargo bikes are witnessing significant technological advancements in battery and charging solutions. Enhanced battery technologies, including lithium-ion and solid-state variants, provide benefits such as increased energy density, extended lifespan, and quicker charging times. Such improvements boost the range and reliability of cargo bikes, making them more attractive for commercial applications.
 

Moreover, the evolution of charging infrastructure, highlighted by the rise of fast-charging stations and the introduction of wireless charging, minimizes downtime and bolsters operational efficiency. Innovations such as regenerative braking systems further optimize battery performance. These technological developments not only reduce the total cost of ownership but also resonate with eco-conscious businesses aiming for sustainable logistics, fueling the market's expansion.
 

For instance, in January 2023, Commercial electric vehicle maker Altigreen partnered with Exponent Energy to launch a new variant of its three-wheeler cargo EV neEV. The new variant, called neEV Tez, features an 8.2kWh battery pack, which is a proprietary battery by Exponent built using regular LFP cell chemistry.
 

The cargo EV three-wheeler neEV Tez delivers a range of 98 kilometres on a single charge while its city drive range is of 85 kilometres. This vehicle can charge from 0 to 100% in 15 minutes at Exponent's e-pump charging network, and the company claims that this makes it the world’s fastest-charging 3-wheeler electric vehicle.