Title: Electric Motorcycles & Scooters Market By Application, Growth Potential & Forecast, 2018 – 2024
1Electric Scooter Motorcycle Market Trends,
Growth Forecast, 2018 - 2024
2Key Insights from Electric Scooter Motorcycle
Market
- Electromagnetic principle is utilized for the
operation of an e-vehicle and the only factors
that contribute to the loss of efficiency are the
transmission lines and the friction. Owing to
this, the motors utilized in these vehicles offer
an efficiency of over 85 to 90, which is very
high in comparison to their ICE powered vehicles
offering thermal efficiencies in the range of
40. - In 2017, scooters dominated the electric
motorcycles scooters market by capturing over
85 share. This can be attributed to its
increased adoption in the urban areas, where high
motor traffic is among the major transportation
problems. The scooters are designed light weight
for easy maneuverability and offer speeds ranging
across 30 miles per hour, at reduced ownership
costs and are preferred modes of transportation,
specifically in the metro cities. - Favorable regulatory standards and incentive
plans imposed by the regional authorities will
also fuel the electric motorcycles scooters
market growth over the forecast period.
3Continued...
- Lithium-ion battery is expected to witness
highest growth in electric motorcycles scooters
market at around 11 over the forecast timeframe
owing to their high charge density, light weight
and high charging discharging efficiency. - 48V battery dominates the electric motorcycles
scooters market, accounting for over 35 volume
share in 2017. Superior power output along with
ease in compatibility of these batteries with
e-vehicles will drive the segment growth.
Vehicles equipped with 60V 70V will witness
strong growth over the forecast timeframe owing
to constant RD in enhancing the speed of the
vehicle.
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5U.S. Electric Motorcycles Scooters Market, By
Battery, 2017 2024, (Units)
6Major Companies in Electric Scooter Motorcycle
Market
- AIMA Hi-tech
- Alta Motors
- Sunra (Jiangsu Xinri E-Vehicle Co.)
- Zero Motorcycle
- Terra Motors Corp
- KTM, BMW
- Hero Eco
7Industry Coverage
8Regional Insights in Electric Scooter
Motorcycle Market
- Asia Pacific dominates the overall electric
motorcycles scooters market share owing to
strong presence of industry player in China,
India, Japan Indonesia. Traffic congestion,
rising population, concern regarding environment
and low price of these vehicles compared to
conventional vehicles have resulted in strong
consumer preference. - Europe electric motorcycles scooters market
will witness strong growth at over 15 by 2024.
The European government is planning to increase
EV sales to improve the air qual. Twenty-seven
European 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. EGVI is a public-private
partnership delivering green vehicles matching
social, environmental, and economic challenges.
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