Multiple countries continue to roll out preferential policies for new energy light transport vehicles. India extends electric three-wheeler subsidy schemes, while Myanmar maintains tariff exemption policies for imported electric vehicles. Restrictions on fuel-powered small delivery vehicles in many cities directly drive the replacement demand for electric cargo tricycles. Market analysis indicates that cargo-type electric tricycles grow faster than passenger models, boosted by booming e-commerce and instant delivery. Manufacturers are accelerating the upgrade of lightweight body design, swappable lithium battery systems and intelligent vehicle monitoring functions to meet fleet customers’ higher requirements.