Rising demand for fuel-efficient automobiles, combined with rising concerns about greenhouse gas and carbon emissions, is expected to increase the adoption of electric scooters (e-scooters).
Electric scooter market in North America is expected to grow at the fastest rate due to government initiatives and the growing high-performance E-Motorcycle segment. Asia Pacific is expected to grow steadily because of the high demand for energy-efficient and emission-free electric two-wheelers.
Growing environmental concerns, combined with desire for lower commuting expenses, convenience, and pollution control, are driving the adoption of electronic vehicles around the world.
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Key Trends and Drivers:
- Commuters are increasingly looking for convenient, time-efficient, and cheap forms of transportation to get to their destination due to rising traffic congestion and long commutes.
- Rising price of petroleum products, most recently due to Ukraine war will drive customers towards electric powered auto options. Electric two-wheelers will significantly reduce the operating costs of these as electricity produced through renewable sources of energy becomes more cost competitive.
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Segmentation:
By Vehicle Type
- Electric Motorcycles
- E-scooters & Bikes
By Battery Technology
- Sealed Lead Acid
- Lithium-ion
- Lithium-ion Polymer
By Technology
- Plug-in
- Battery
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By Vehicle Class
- Economy
- Luxury
Key Players:
- Hero Electric
- Silence Urban Ecomobility
- NIU International
- Walberg Urban Electrics GmbH
- Ather Energy Pvt. Ltd.
- Gogoro Inc.
- Trek Bicycle Corporation
- AllCell Technologies
- BMW Motorrad International
- Yamaha Motor Company Limited
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