Share this article
Share this article
ResearchAndMarkets.com s offering.
The global electric scooter and motorcycle market size is projected to reach 5,948 thousand units by 2027, from an estimated 861 thousand units in 2020, at a CAGR of 31.8%.
Governments are supporting electric two-wheelers through subsidies & tax rebates and by building charging infrastructure with the help of OEMs, which is compelling two-wheeler OEMs to explore beyond the use of conventional internal combustion engines (ICE) in two-wheelers.
Increased demand for efficient and eco-friendly vehicles will boost the electric scooter and motorcycle market. Consumers from developing countries are already feeling the heat of the increasing cost of petrol. Electrical two-wheelers will run on electricity, which is expected to reduce the operating cost of these vehicles. However, the lack of charging infrastructure creates a hurdle for the growth of the electric scooter and motorcycle market. To make the electric t