Electric Scooter and Motorcycle Market Size, Share, Demand and Report | 2034

Automobile Jan 30, 2025 9 Add to Reading List

Electric Scooter and Motorcycle Market Outlook

According to the report by Expert Market Research (EMR), the global electric scooter and motorcycle market size reached approximately 1,697.67 thousand units in 2024. Driven by the growing demand for eco-friendly transportation solutions, increasing fuel costs, and heightened environmental concerns, the market is projected to grow at a compound annual growth rate (CAGR) of 35% between 2025 and 2034, reaching a volume of around 25,285.23 thousand units by 2034.

Electric scooters and motorcycles, powered by electric motors instead of traditional internal combustion engines, are rapidly gaining popularity due to their cost-efficiency, sustainability, and convenience. These vehicles offer an alternative to conventional petrol-powered scooters and motorcycles, aligning with the global push towards reducing carbon emissions and promoting green energy solutions. As governments, consumers, and manufacturers increasingly focus on sustainable mobility solutions, the electric scooter and motorcycle market is poised for substantial growth.

The growing environmental awareness and the implementation of stringent emission regulations are acting as key catalysts in the market's expansion. Electric scooters and motorcycles are not only seen as a cleaner and more sustainable mode of transportation but also as a viable solution to address urban traffic congestion and air pollution in many metropolitan areas. With improved battery technologies, faster charging times, and increasing range per charge, these vehicles are becoming more attractive to consumers.

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Key Drivers of Market Growth

Government Support and Regulatory Frameworks: One of the primary drivers behind the rapid adoption of electric scooter and motorcycle market is the supportive regulatory environment provided by governments worldwide. Many countries are offering subsidies, tax incentives, and rebates to encourage the purchase of electric vehicles (EVs). Governments are also introducing stricter emission standards for traditional fuel-powered vehicles, further enhancing the demand for zero-emission alternatives like electric scooters and motorcycles. Notably, countries such as China, India, and several European nations have been at the forefront in supporting EV adoption, making electric two-wheelers an attractive option for consumers.
Growing Demand for Eco-Friendly Transportation: As environmental concerns continue to rise, consumers are becoming increasingly aware of the environmental impact of their transportation choices. Electric scooters and motorcycles are viewed as an environmentally friendly alternative to conventional vehicles due to their ability to reduce carbon emissions, noise pollution, and dependence on fossil fuels. The rising shift towards green energy solutions, along with the increasing global focus on sustainable urban mobility, has significantly contributed to the growth of the electric scooter and motorcycle market.
Advancements in Battery Technology: One of the most significant factors driving the growth of electric two-wheelers is the ongoing advancements in battery technology. Improvements in battery life, charging speeds, and energy density have made electric scooters and motorcycles more practical and efficient. Lithium-ion batteries, which are commonly used in these vehicles, offer longer ranges and faster charging times compared to traditional battery technologies. The continued research and development in battery technology are expected to further enhance the performance of electric two-wheelers, making them more appealing to consumers.
Cost Efficiency and Reduced Operating Costs: Electric scooters and motorcycles offer significant cost savings compared to their petrol-powered counterparts. With lower fuel and maintenance costs, the total cost of ownership of electric two-wheelers is considerably reduced. The absence of an internal combustion engine eliminates the need for oil changes, while fewer moving parts mean lower maintenance and repair costs. These financial advantages are especially appealing to consumers in emerging markets, where affordability is a key consideration when purchasing vehicles.
Urbanization and Traffic Congestion: As urbanization continues to accelerate, cities around the world are grappling with issues of traffic congestion and limited parking space. Electric scooters and motorcycles offer a practical solution to these challenges. Their compact size allows them to navigate through crowded city streets, reducing travel time and offering an alternative to traditional vehicles. Furthermore, the ability to park these vehicles in smaller spaces makes them ideal for densely populated urban environments. As cities increasingly prioritize sustainable transportation options, electric two-wheelers are expected to play a key role in shaping the future of urban mobility.
Rising Fuel Prices: Rising fuel prices, especially in developing economies, are driving consumers to seek more affordable and efficient transportation options. Electric scooters and motorcycles, with their lower operating costs and reliance on electricity instead of petrol, are increasingly becoming the preferred choice for daily commuting. The cost savings on fuel are one of the primary motivators for consumers, particularly in countries where fuel prices are subject to volatility and economic fluctuations.

Electric Scooter and Motorcycle Market Segmentation

The market can be divided based on product, battery type, technology, voltage, and region.

Market Breakup by Product

Scooter
Motorcycle

Market Breakup by Battery Type

Sealed Lead Acid (SLA)
Li-ion
Ni-MH

Market Breakup by Technology

Plug-in
Battery

Market Breakup by Voltage

36 V
48 V
60 V
Others

Market Breakup by Region

North America
Europe
Asia Pacific
Latin America
Middle East and Africa

Competitive Landscape

The EMR report looks into the market shares, plant turnarounds, capacities, investments, and mergers and acquisitions, among other major developments, of the leading companies operating in the global electric scooter and motorcycle market. Some of the major players explored in the report by Expert Market Research are as follows:

Yadea Technology Group Co., Ltd.
Bayerische Motoren Werke Aktiengesellschaft
Terra Motors Corporation
Greaves Cotton Limited
Energica Motor Company SpA
Zero Motorcycles, Inc.
Others

Challenges and Risks

While the global electric scooter and motorcycle market presents numerous opportunities for growth, it is not without its challenges. These challenges may impact the market's trajectory in the coming years.

Limited Charging Infrastructure: One of the significant barriers to the widespread adoption of electric scooters and motorcycles is the limited availability of charging infrastructure. In many regions, particularly in developing economies, the lack of sufficient charging stations makes it difficult for consumers to rely on electric two-wheelers for long-distance travel. While some countries have made strides in expanding charging networks, further investment in infrastructure is required to make electric scooters and motorcycles more practical for daily use.
Range Anxiety: Although advancements in battery technology have improved the range of electric two-wheelers, range anxiety—the fear of running out of battery before reaching a charging station—remains a concern for some consumers. While electric scooters and motorcycles are typically used for short urban commutes, consumers may still hesitate to fully embrace electric mobility for longer trips without the assurance of sufficient charging infrastructure.
High Initial Purchase Price: While electric two-wheelers offer long-term savings in terms of fuel and maintenance, the initial purchase price of these vehicles can still be higher than that of conventional petrol-powered scooters and motorcycles. This price gap can be a barrier to adoption, especially in price-sensitive markets. However, as battery technology continues to improve and economies of scale come into play, it is expected that the cost of electric scooters and motorcycles will decrease over time.
Battery Disposal and Recycling: As the adoption of electric scooters and motorcycles increases, so does the issue of battery disposal and recycling. Used batteries pose environmental risks if not properly disposed of, and the recycling of lithium-ion batteries remains a challenge. Governments, manufacturers, and other stakeholders need to invest in efficient battery recycling systems to address the environmental impact of used batteries.

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