According to the McKinsey report, the cost of owning an electric motorbike is soon expected to drop below that of its traditional counterpart.
“A lower total cost of ownership will be the primary driver for a shift toward electric two-wheelers. This could help it become cost-competitive with internal combustion engine two-wheelers by 2022.
“These lower economics for electric two-wheelers will be attractive to consumers both in big cities and outside big cities,” said Mr Thomas Hansmann, a partner with McKinsey & Company in Indonesia.
Mr Hansmann said that the primary driver in reducing the total cost of ownership is a