North America electric motorcycles & scooters market is being driven by the early usage of technologically modern mobility solutions as well as high consumer spending. The government is spending highly on electric vehicles. Moreover, the presence of enhanced infrastructure and EV charging stations is escalating the demand for electric motorcycles and scooters in the region.
With improved charging infrastructure and the introduction of new battery technology, the electric motorcycles & scooters market is expected to procure commendable growth by 2027. Government grants and subsidies provided on the purchase of new electric two-wheelers are likely to boost vehicle sales.
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Despite the COVID-19 pandemic halting the manufacturing of electric two-wheelers in 2020, the industry has seen to steadily pick pace from the second half of 2020 on account of rising preference for zero emission vehicles. There are increasing concerns among consumers regarding greenhouse gas emissions caused by ICE motorcycles and scooters and rising fuel prices, which is anticipated to boost the usage of electric two-wheelers.
Electric motorcycles and scooters are powered with rechargeable batteries which significantly decrease carbon dioxide emission and air pollution. When it comes to batteries, high-capacity Li-ion batteries are witnessing a robust demand credited to their efficiency, enhanced performance, and long shelf life.
Countries like the UK, India, Germany, China, Japan, France, Canada, and the U.S. are implementing stringent regulations on vehicle emissions, hence fueling the adoption of electric scooters and motorcycles on a large-scale. In Latin America and Asia Pacific, the adoption of low pricing strategies and emergence of new industry players is expected to propel EV demand.
As per studies, the rampant use of motorized two-wheelers like scooters and motorcycles, especially in Southeast Asia, is becoming a major problem as these vehicles are leading to increased energy consumption, greenhouse gas emissions, and air pollution. To overcome these issues, the Southeast Asian countries, along with the support of the United Nations Environment Programme, are encouraging people to shift to electric motorbikes.
electric motorcycles & scooters market may exceed USD 40 billion by 2027. The 36V battery segment is likely to record substantial growth over the forecast period. These batteries are mainly used in electric scooters given to their low initial costs than the high performance 48V batteries.
36 voltage batteries are light in weight as they consist of a small number of cells, which also reduces the cost of electric motorcycles and scooters as well as enables a smoother driving experience.
Globally, the electric motorcycles & scooters market consists of companies such as Mahindra GenZe, Govecs Group, Yadea Technology Co. Ltd., KTM, Lightning Motorcycles, Zero Motorcycles, Z Electric Vehicle, Energica Motor Company, and Harley Davidson. These firms are working on various business strategies including new product development and launches. In 2021, Harley Davidson announced the launch of its new electric motorcycle brand, LiveWire.
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Partial Chapter of the Table of Content
Chapter 4 Electric Motorcycles & Scooters Market Competitive Landscape,
4.2 Company market share analysis, 2020
4.3 Competitive analysis of key market players
4.3.1 Energica Motor Company S p A
4.3.2 Hero Electric
4.3.3 Niu Technologies
4.3.5 Vmoto Limited
4.3.6 Yadea Technology Group Co Ltd
4.3.7 Zero Electric Motorcycles
Chapter 5 Electric Motorcycles & Scooters Market, By Product
5.1 Key trends by products
5.2 Electric Motorcycles
5.2.1 market estimates and forecast, 2017 – 2027
5.3 Electric Scooters
5.3.1 market estimates and forecast, 2017 – 2027
Chapter 6 Electric Motorcycles & Scooters Market, By Battery
6.1 Key trends by battery
6.2.1 market estimates and forecast, 2017 – 2027
6.3.1 market estimates and forecast, 2017 – 2027
Chapter 7 Electric Motorcycles & Scooters Market, By Voltage
7.1 Key trends by voltage
7.2.1 market estimates and forecast, 2017 – 2027
7.3.1 market estimates and forecast, 2017 – 2027
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