Electric Motorcycles & Scooters Market 2020-2026 | Growth Forecast & Industry Share Report

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Electric Motorcycles Scooters Market Regional
Growth Drivers, Opportunities, Trends, and
Forecasts to 2026

• Rising concerns pertaining to harmful effect of
  vehicle emissions along with the imposition of
  strict regulations by environment agencies will
  drive global electric motorcycle scooters
  market. Consumers are getting increasingly aware
  of the fact that the adoption of electric
  two-wheelers can significantly reduce harmful
  emissions of carbon dioxide, carbon monoxide,
  nitrogen oxide and other harmful effluents, which
  in turn can aid in reducing the air pollution.
• Governments across the globe are offering grants,
  incentives and subsidies on the purchase of new
  electric vehicles in a bid to promote e-mobility.
  In addition, several emerging players, such as
  Pedego Electric Bikes, Gogoro, and Segway are
  partnering with scooter sharing firms to cater to
  the growing demand for ride-sharing.

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• Implementation of strict vehicular emission norms
  by several countries including Canada, China,
  Japan, U.S. and others is aiding large-scale
  adoption of electric scooters and motorcycles for
  routine commute. Reports suggest that global
  electric motorcycles scooters market size will
  cross the USD 40 billion mark by 2026.

• The e-mobility trend is on rise. In the third
  quarter of 2019, around 45 EV companies across
  the world showed a total fund raising of USD 2.7
  billion. However, the COVID-19 outbreak has led
  to a slowdown in electric motorcycles scooters
  industry growth in 2020. Shortage of raw
  materials, labor and restrictions on movement
  have led to a temporary shutdown of many
  automobile manufacturing facilities, globally.

• The rising consumer inclination toward buying
  essential items is hindering the sales of high
  cost products like electric scooters
  motorcycles. The EV businesses will gain traction
  again, once the restrictions are lifted.

• Electric motorcycles are experiencing high demand
  on account of the advancement in battery and
  powertrain technologies. The technological
  developments are offering superior engine
  performance as well as high, controlled speeds to
  electric motorcycles. Growing demand for
  efficient, low noise and long range transport
  solutions is one of the key factors fueling the
  demand for electric motorcycles.

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• Regional Analysis

• The alarming levels of carbon emission in Asia
  Pacific region is creating a huge demand for
  environment friendly mode of transportation. This
  has led to increased adoption of e-mobility
  solutions in Asian countries including China and
  India. In addition, the emergence of several
  electric motorcycle scooter manufacturers
  including Ultraviolette Automotive Pvt. Ltd., and
  Emflux and in India will boost regional industry
  growth over the analysis period.

• Competitive Analysis

• Major producers and developers of electric
  motorcycles scooters include Amper Vehicles,
  Harley Davidson, Shandong Incalcu Electric
  Vehicle, Lightning Motorcycles, Mahindra GenZe,
  Energica Motor Company S.p.A, Govecs Group, KTM,
  Z Electric Vehicle and Zero Motorcycles, among
  others.

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