Electric Motorcycles & Scooters Market to grow at over 10% CAGR from 2016 to 2024

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Electric Motorcycles Scooters Market to grow at
over 10 CAGR from 2016 to 2024 Global Market
Insights Inc.
Fuel Cell Market size worth 25.5bn by 2024
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Key Insights from Electric Motorcycles Scooters
Market

• Electric scooters market size will be driven by
  convenience and easy mobility. They usually do
  not have insurance or drivers permit/license
  requirements as they have lower speed and power
  specifications. The urban population prefers
  these vehicles for quick, short mobility, and
  commonly favors them over bicycles.
• The European government is planning to increase
  EV sales to improve the air quality of the
  region. Twenty-seven EU countries have started
  imposing taxes on carbon dioxide emissions
  related to vehicles and 15 nations are providing
  tax incentives for e-vehicles.
• In May 2015, the EU started a project under the
  European Green Vehicle initiative co-founded by
  the European Commission related to electric two
  wheelers.

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Continued...

• The ecosystem includes a large number of players,
  with presence across regional and global markets.
  Major electric motorcycles scooters market
  players are focusing on developing efficient
  batteries and motors to ensure high performance.
• Polaris acquired Brammos electric motorcycle
  business to enter the industry. It has acted as a
  leading investor for the recapitalization of
  Brammo, which will further focus towards
  development, design, and integration of electric
  vehicle powertrain.

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France Electric Motorcycles Scooters Market, By
Product, 2015 (USD Million)

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360 Analysis

• Product Analysis
• Electric motorcycles market is still in the
  introduction phase and with varied unit costs
  depending upon the performance, manufacturers are
  trying to target consumers with different power
  requirements. The segment is expected to witness
  significant gains from 2016 to 2024.
• Regional Analysis
• The U.S. electric motorcycles scooters market
  has witnessed regulatory support for product
  adoption, including RD investments and
  competitive programs for encouraging vendors to
  invest in infrastructure.
• Competitive Market Share
• The ecosystem consists of numerous Chinese E
  suppliers such as AIMA Hi-tech, Sunra (Jiangsu
  Xinri E-Vehicle Co.), Feishen, Zhejiang Ripu
  Electronic Science and Technology, Qingdao AUCMA,
  Shanghai Lima Electric Vehicle Manufacturing Co.

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