North America Electric Scooters and Motorcycles Market Growth Insights

1
Rising Environmental Concerns Propel Demand for
Electric Scooters and Motorcycles in North America
2
The electric scooters and motorcycles industry
based in North America is projected to rise in
the coming years. It is led by the rising
traction of electric scooter-sharing fleets,
government initiatives in the form of subsidies
and tax credits for their adoption, and the
low-maintenance electric scooters and
motorcycles' nature. Under the type segment,
the electric kick scooter category captures a
significant share of the North America-based
motorcycles and electric scooters industry. It is
led by low maintenance requirements, low prices,
and user-friendly characteristics. It is
projected to hold the largest industry share, in
terms of volume, in the near future. The gt15
kilowatt-hours (kWh) battery capacity is
projected to experience the fastest growth in the
near future. It is led by increasing demand for
long-range and high-speed electric motorcycles in
the region.
3
Under the application segment, the sharing
service is projected to lead the North American
scooters and motorcycles industry in the coming
years. Sharing services eliminate vehicle-owning
and maintenance hassles and solve the last-mile
commuting problem of people. Electric scooters
and motorcycles with Li-ion batteries capture a
significant industry share, and it is projected
to lead the industry in the coming years. The low
cost of Li-ion batteries, and their benefits,
such as lower weight, and longer life compared to
lead-acid batteries boost the demand for
batteries. The U.S. holds the larger industry
share, in terms of value, and it is projected to
lead the industry in the coming years. It is
ascribed to the increasing adoption of electric
vehicles in the country, and government
initiatives in the form of rebates and incentives
to decrease the carbon emissions caused by
fuel-based vehicles. Presently, battery
technology development is a major trend in the
overall electric two-wheeler industry. The major
efforts are to reduce the price and boost the
battery's capacity to cater to the demand for a
longer driving range. To receive free sample
pages of this report_at_ https//www.psmarketresearch
.com/market-analysis/north-america-electric-scoote
rs-and-motorcycles-market/report-sample
4
In addition, electric scooters and motorcycle
manufacturers are consistently focusing on
procuring batteries with higher energy density
and low cobalt reliability. As, it is an
expensive raw material, its reduced usage results
in high operational efficiency of batteries, and
lower cost. The government initiatives to offer
significant support in the form of tax rebates,
and initiatives to reduce greenhouse gas
emissions fuel the sales of motorcycles and
electric scooters in the region. The U.S. is the
next largest GHG emitter, after China. Numerous
government authorities strongly focus on green
transportation system adoption, and that does not
contribute to the existing pollution problem
aggravation. The major players operating in the
industry are Energica Motor Company S.p.A., KTM
North America Inc., Razor USA LLC, TORROT
ELECTRIC EUROPA S.p.A., Bell Custom Cycles,
Harley-Davidson Inc., and Zero Motorcycles Inc.
The rising environmental concerns propel the
North America-based electric scooters and
motorcycle industry. Inquire before purchase_at_
https//www.psmarketresearch.com/send-enquiry?enqu
iry-urlnorth-america-electric-scooters-and-motorc
ycles-market
5
Disclaimer PS Intelligence always keeps its
customers interests at the core while carrying
out research activities. PS Intelligence ensures
the reliability and accuracy of information and
data provided in its market research
publications. However, the information in
publications is subject to fluctuations, as it is
based on primary interviews of officials from
various companies or organizations. PS
Intelligence is not responsible for any incorrect
data provided by the key industry players of the
concerned domain. the information or analysis in
PS Intelligence publications represents opinions
based on research and should not be interpreted
as statements of fact. Information in this report
was believed to be correct at the time of
publication, but cannot be guaranteed. PS
Intelligence does not endorse any product,
service, or vendor depicted in its research
publications. All intellectual properties,
including trademarks and copyrights, belong to
their respective owners and may be protected by
copyright. Under no circumstance can these be
reproduced in any form without prior written
agreement of their owners. An order for market
research report is intended for internal use of
the company only and not for disclosure to third
parties or any other publication in general. No
service, report, or part thereof provided by PS
Intelligence can be reproduced, republished,
resold, revealed, distributed, circulated, or
sublicensed in any medium or form now realized or
hereafter become realized, including but not
limited to, all forms of optical-based media,
magnetic, electronic, or digital, without a
written permission from Prescient Strategic
Intelligence Pvt. Ltd.