Kymco Chairman, Allen Ko also believed that the future of two wheels lies with electric vehicles (EV). The company introduction of the RevoNEX and SuperNEX concept back in 2018 and 2019 showcased the company’s desire to venture into electric mobility.

However, Allan noted that lack of infrastructure could hinder automaker plans to promote EV.

“The kind of technology we are talking about these days is all about infrastructure. So, you want to have the hydrogen-powered engine, but where is the station? You need people to build it.

“If you don’t have a very established and recognised trend, then people don’t want to invest. No one single company can do those things, it requires everybody’s effort to make it work,” Allan told MCN.

He also added that the transition from internal combustion engine (ICE) will take sometime.

“I think the transition from internal combustion engines to electric is going to take a while. Not because of the tech, not because of the cost, but mainly because of the infrastructure.

“So, even people who want to buy an electric motorcycle, they don’t find the places to charge, or to swap. So, I think it really depends on that. But the key is that these days – especially in the younger generations – is they prefer EV,” he added.

Nonetheless, Allan is adamant that EV is coming and will stay for good.

“I think there’s a long-term change and there’s no turning back. EV is coming and at a certain point – especially when the government set a deadline for the internal combustion engine vehicles – that will be the end of them. It’s going to come.”

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