Title: Electric Motorcycles & Scooters Market to grow at over 10% CAGR from 2016 to 2024
1Electric 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
2Key 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.
3 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.
4France Electric Motorcycles Scooters Market, By
Product, 2015 (USD Million)
5 Browse Full Market Research Report On Electric
Motorcycles Scooters Market _at_
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9
6360 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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