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Governments all over the globe are promoting the use of vehicles that run on alternative fuels due to the rising worries about the environmental effect of conventional automobiles. EVs are zero-emission vehicles that are becoming more and more popular for eco-friendly public transportation worldwide.
To promote the use of EVs, some national governments provide financial incentives such as tax exemptions and refunds, subsidies, decreased parking/toll rates for EVs, and free charging. As a result, the demand for EV batteries is increasing quickly across the board.
Businesses are developing business models that enable consumers to change or exchange EV batteries once they have been depleted, such as battery swapping and battery-as-a-service (BaaS).
This reduces user time spent on battery recharging, increasing customer happiness and removing one of the key barriers preventing customers from choosing EVs.
The Spain Electric motorcycle battery market accounted for $XX Billion in 2021 and is anticipated to reach $XX Billion by 2026, registering a CAGR of XX% from 2022 to 2027.
Start-up for electric transportation in Spain, the first OX One electric motorbike has gone off the assembly line at OX Motorcycles.
The OX One is made of a strong frame that supports a set of detachable batteries and also gives the bike stability. Two 72V, 30AH batteries on the bike give it an astonishing 100 km of range on a single charge.
The OX One has a peak speed of 110 kmph and is propelled by an 8 kW brushless electric motor. The OX One claims to be light and agile with a curb weight of just 140 kg, and the motor generates 11 horsepower.
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