Low-powered electric motorcycles and scooters have become increasingly popular in recent years due to their convenience, affordability, and environmentally-friendly nature. These vehicles typically have a maximum power output of 1-2 kW and a top speed of around 30-45 km/h, making them ideal for short commutes and city travel.
The global low-powered electric motorcycle and scooter market was valued at USD 1,140 Mn in 2021. The market is projected to grow USD 6,384 million by 2030, at a CAGR of 23.4% due to rising demand for long-range electric motorcycles with excellent performance.
There are also environmental benefits to using electric motorcycles and scooters. They emit zero tailpipe emissions, reducing air pollution and helping to combat climate change. Additionally, electric vehicles are much quieter than gasoline-powered vehicles, reducing noise pollution in urban areas.
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The Rise of Low-Powered Electric Motorcycles and Scooters: Factors Driving Adoption and Implications for Transportation.
The adoption of low-powered electric motorcycles and scooters has been growing steadily in recent years due to several factors, including increased environmental awareness, improved battery technology, and changes in regulations that make it easier for consumers to purchase and operate these vehicles.
One of the primary reasons for the growth in the adoption of low-powered electric motorcycles and scooters is the increasing concern about the environmental impact of fossil fuel-powered vehicles. Electric vehicles produce zero emissions at the point of use, which makes them an attractive alternative for people who want to reduce their carbon footprint.
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Overall, the growing adoption of low-powered electric motorcycles and scooters is a positive trend that is helping to reduce the environmental impact of transportation while providing consumers with a convenient and affordable mode of transportation.
The increasing focus on low-powered electric motorcycles and scooters is driven by several factors, including the need to curb pollution and reduce dependency on fossil fuels. Some of the key reasons why these vehicles are becoming popular are:
- Environmental concerns: The transportation sector is one of the largest contributors to air pollution and greenhouse gas emissions, which are major causes of climate change. Low-powered electric motorcycles and scooters emit little to no pollutants, making them an environmentally-friendly transportation option.
- Cost savings: Electric motorcycles and scooters are cheaper to operate and maintain than their gasoline-powered counterparts. Electric vehicles have fewer moving parts and require less maintenance, which can save owners a significant amount of money over the vehicle’s lifetime.
List of Key Companies Profiled :
- Electrotherm
- Greaves Cotton Ltd.
- Hero Electric
- Mahindra & Mahindra Ltd.
- Niu International
- Songuo Motors Co., Ltd.
- Tacita
- ZEV
- Zhejiang Luyuan Electric Vehicle Co.,Ltd
- ONYX Motorbikes
- SEGWAY INC.
KEY INDUSTRY DEVELOPMENTS:
In April 2022, Greaves Cotton Limited get into partnership with Mesha Energy Solutions Pvt Ltd company aims to improve the battery technology for its products across the portfolio and expand its presence.
March 2022- Hero Electric made a strategic move by getting partnered with Sun Mobility To Deploy 10,000 Electric Swappable Two-Wheelers In 2022-23 to integrate with the smart-swappable battery technology. Hero Electric is planning to launch a new e-scooter, Hero Eddy, for short commutes powered by electricity.
The global low-powered electric motorcycle and scooter market is segmented as follows:
By Vehicle Type
- Electric Scooters
- Electric Motorcycles
By Voltage
- 36V
- 48V
- 60V
- 72V
A regional analysis of this market can provide insights into the growth and potential of this segment in different parts of the world.
North America: The low-powered electric motorcycle and scooter market in North America are relatively small, but it is growing steadily. The market is driven by urbanization and increasing awareness of the environmental impact of transportation. In addition, government incentives, such as tax credits and rebates, have encouraged the adoption of electric vehicles in the region.
Europe: Europe is another significant market for low-powered electric motorcycles and scooters. The region has a well-developed transportation infrastructure, and urban areas with high population densities are increasingly looking for environmentally-friendly transportation options…
Rest of the World: The low-powered electric motorcycle and scooter market in the rest of the world are relatively small, but it is expected to grow in the coming years. This is due to increasing urbanization and the need for affordable and environmentally-friendly transportation options.
TABLE OF CONTENTS
Chapter 1. Executive Summary
Chapter 2. Research Methodology
Chapter 3. Market Outlook
Chapter 4. COVID-19 Impact On Low-powered Electric Motorcycle and Scooter Market
Chapter 5. Global Low-powered Electric Motorcycle and Scooter Market Overview, By Vehicle Type, 2017 – 2030(USD Million)
Chapter 6. Global Low-powered Electric Motorcycle and Scooter Market Overview, By Technology, 2017 – 2030(USD Million)
Chapter 7. Global Low-powered Electric Motorcycle and Scooter Market Overview, By Battery, 2017 – 2030(USD Million)
Chapter 8. Global Low-powered Electric Motorcycle and Scooter Market Overview, By Voltage, 2017 – 2030(USD Million)
Chapter 9. Global Low-powered Electric Motorcycle and Scooter Market Overview, By Geography, 2017 – 2030(USD Million)
Chapter 10. North America Low-powered Electric Motorcycle and Scooter Market Overview, By Countries, 2017 – 2030(USD Million)
…Continued
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