Study Period | 2017 - 2029 |
Base Year For Estimation | 2024 |
Forecast Data Period | 2025 - 2029 |
Market Size (2025) | USD 128.6 Billion |
Market Size (2029) | USD 181.4 Billion |
CAGR (2025 - 2029) | 9.00 % |
Market Concentration | Low |
Major Players![]() *Disclaimer: Major Players sorted in no particular order |
Electric Two-Wheeler Market Analysis
The Electric Two-Wheeler Market size is estimated at 128.6 billion USD in 2025, and is expected to reach 181.4 billion USD by 2029, growing at a CAGR of 9.00% during the forecast period (2025-2029).
The electric two-wheeler industry is experiencing significant transformation through strategic partnerships and manufacturing expansions. Major manufacturers are forming alliances to strengthen their market positions and enhance technological capabilities. For instance, in 2023, Gogoro Inc. partnered with Zypp Electric to launch its battery-swapping platform and smart scooters in Delhi NCR, demonstrating the industry's commitment to expanding into emerging markets. The industry has also witnessed substantial manufacturing investments, with companies like Ford and SK Innovations announcing plans to establish battery manufacturing facilities with capacities reaching 45 GWh, indicating a strong focus on scaling production capabilities.
Technological advancements continue to reshape the electric two-wheeler landscape, particularly in battery technology and charging infrastructure. The average price of lithium-ion batteries has experienced a remarkable decline of approximately 80% over the past decade, reaching around USD 220 per kWh, making electric two-wheelers more accessible to consumers. Manufacturers are increasingly focusing on developing advanced battery systems with improved energy density and faster charging capabilities. In 2023, companies announced 230 new xEV models for passenger cars, reflecting the industry's commitment to innovation and product diversification.
The market is witnessing a significant shift in consumer preferences towards sustainable transportation solutions, driven by environmental consciousness and economic considerations. Leading manufacturers are responding to this trend by expanding their product portfolios and enhancing vehicle performance capabilities. Companies like Yadea Group Holdings Ltd. have demonstrated remarkable success in meeting this demand, with significant sales volumes exceeding 6.1 million scooters in recent years. This shift is further supported by the development of smart connectivity features and advanced rider assistance systems, enhancing the overall user experience.
Global market dynamics are being shaped by fluctuating energy prices and the transition towards sustainable transportation. The global average gasoline price of USD 1.22 per liter in 2022 and Brent crude oil prices averaging USD 100 per barrel have influenced consumer decisions regarding electric two-wheeler adoption. Manufacturers are responding by establishing regional production facilities and developing market-specific products to meet diverse consumer needs. For example, in 2023, Fiem Industries Limited signed an MOU with Gogoro India to expand its product portfolio in the electric two-wheeler segment, demonstrating the industry's commitment to localizing production and meeting regional demand.
Global Electric Two-Wheeler Market Trends
The rising global demand and government support propel electric vehicle market growth
- Electric vehicles (EVs) have become indispensable in the automotive industry, driven by their potential to enhance energy efficiency and reduce greenhouse gas and pollution emissions. This surge is primarily attributed to growing environmental concerns and supportive government initiatives. Notably, global EV sales witnessed a robust 10.82% growth in 2022 compared to 2021. Projections indicate that annual sales of electric passenger cars will surpass 5 million by the end of 2025, accounting for approximately 15% of total vehicle sales.
- Leading manufacturers and organizations, like the London Metropolitan Police & Fire Service, have been actively pursuing their electric mobility strategies. For instance, they have set a target of a zero-emission fleet by 2025, with a goal of electrifying 40% of their vans by 2030 and achieving full electrification by 2040. Similar trends are expected globally, with the period from 2024 to 2030 witnessing a surge in demand and sales of electric vehicles.
- Asia-Pacific and Europe are poised to dominate electric vehicle production, driven by their advancements in battery technology and vehicle electrification. In May 2020, Kia Motors Europe unveiled its "Plan S," signaling a strategic shift toward electrification. This decision came on the heels of record-breaking sales of Kia's EVs in Europe. Kia has ambitious plans to introduce 11 EV models globally by 2025, spanning various segments like passenger vehicles, SUVs, and MPVs. The company aims to achieve annual global EV sales of 500,000 by 2026.
OTHER KEY INDUSTRY TRENDS COVERED IN THE REPORT
- Africa's demographic evolution demonstrates consistent growth with a notable acceleration in recent years
- Several European countries are facing population declines, while others are growing, indicating a need for targeted policy interventions
- North America's demographic story highlights steady growth and adaptability, with each nation contributing uniquely to the region's vibrant mosaic, underlining its continued global significance
- Despite a GDP per capita decline in 2022-2023, Africa shows potential for future economic stability through trade agreements and infrastructure development
- Europe's GDP per capita is on track for steady growth, reflecting resilience and strategic policies
- Despite challenges in 2020, by 2023, the US experienced growth, Mexico displayed a robust recovery, while Canada witnessed a dip
- South Africa's consumer vehicle population shows signs of stabilization
- European countries are experiencing growth in CVP, driven by government incentives for eco-friendly vehicles
- North America exhibits diverse trends in CVP, with Canada experiencing a slight decrease, the US seeing an increase, and Mexico showing significant growth
- South Africa, Kenya, and Morocco exhibit declining inflation rates, while Nigeria faces a sharp inflation increase
- Europe is poised for economic stability, with concerted efforts to manage inflation and foster a balanced economic landscape
- From 2017 to 2023, North America, particularly countries like the US and Canada, navigated inflationary spikes, especially post-pandemic in 2022
- Auto interest rates across Africa, Asia-Pacific, and North America showed significant regional diversity, influenced by a combination of economic policies, market dynamics, and global conditions
- Battery pack prices in Africa continued to decline from USD 186 in 2022 to USD 176 in 2023, driven by technological advancements and increased market competition
- Declining battery prices and government initiatives drive demand for electric vehicles in Europe
- Declining prices of lithium-ion batteries drive the demand for electric vehicles in North America
- The global automotive industry will undergo a transformative phase, with a pronounced shift toward electrification from 2023 to 2025, followed by a period of refinement and consolidation in the subsequent years
- Countries like Australia, India, and Indonesia project a steady upward trajectory in GDP per capita, suggesting robust economic strategies and potential investment in the automotive industries
- Saudi Arabia and UAE, both pivotal nations in the Middle East, demonstrated population growth from 2017 to 2023. While there were slight dips for both countries in between, the overarching upward trend indicates their significant roles and attractions in the region
- South America's demographic narrative, represented by Brazil and Colombia, showcases a story of consistent growth, with Brazil experiencing a pronounced surge
- Asia-Pacific displays a panorama of economic evolution: from the relentless pursuits of emerging economies to the recalibrations of established ones, painting a picture of resilience, adaptation, and ambition
- Projections for the coming years indicate a steady growth trajectory for both the UAE's diversified sectors and its role as a regional business hub. This growth can be attributed to the country's focus on diversification efforts and strategic partnerships
- During 2017-2030, Brazil and Colombia displayed contrasting economic paths. While both faced downturns around 2020, Brazil's GDP per capita showed recovery by 2023, whereas Colombia witnessed a slight decline
- The Asia-Pacific's diverse consumer spending trends on vehicle purchases not only reflect the region's evolving economic conditions but also highlight the shifting consumer preferences and vehicular market dynamics across countries
- In the short term (2022-2023), Saudi Arabia maintained stable consumer spending for vehicle purchases, while the UAE experienced a slight decline, suggesting differing market dynamics
- Brazil and Colombia are expected to see an increase in consumer spending for vehicle purchases (CVP), indicating a recovering automotive market and growing consumer confidence
- Asia-Pacific’s varied inflation rates reflect the diverse economic challenges and responses of each nation, from battling pandemic-induced fluctuations to aiming for future stability through strategic economic policies
- From 2017 to 2030, the Middle East is expected to display varied inflationary patterns, with countries like Iran facing significant challenges, while others like Saudi Arabia and the UAE expected to show stability
- Projections indicate a trend toward economic stabilization and controlled inflation in the region, highlighting a concerted push to restore equilibrium and foster growth
- Global efforts to expand and enhance EV infrastructure are signaling a collective push toward electrification
- The demand for EVs in Asia-Pacific is fueled by falling battery prices
- The Middle East's battery market: A continuous descent in prices and promising energy trends
- South America’s surging demand for electric vehicle batteries: falling costs and strategic alliances
- For over a year, Russia's invasion of Ukraine disrupted global crude oil and petroleum product markets
Electric Two-Wheeler Market Geography Segment Analysis
Electric Two-Wheeler Market in Africa
The African electric two-wheeler market is experiencing significant transformation driven by increasing urbanization and the pressing need for sustainable transportation solutions. The continent's rapid urbanization rate, which surpasses many developing regions, has created substantial strain on transportation infrastructure and energy demands. This has led to a growing recognition of electric two-wheelers as a viable solution to address issues like fuel scarcity, high costs, and rising pollution levels. The market is characterized by a vibrant competitive landscape, with key players investing in cutting-edge designs and longer-lasting batteries for their scooters.
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Electric Two-Wheeler Market in South Africa
South Africa stands as the dominant market in the African region, spearheading the adoption of electric two-wheelers across the continent. The country has established itself as a key market through robust infrastructure development and supportive government policies promoting electric mobility. South Africa's market leadership is reinforced by approximately 35% market share in the region as of 2024, reflecting the country's strong commitment to sustainable transportation solutions. The nation has developed a comprehensive ecosystem supporting electric two-wheelers, including charging infrastructure, maintenance networks, and favorable financing options.
Growth Trajectory in South Africa
South Africa is projected to maintain its position as the fastest-growing market in Africa, with an expected growth rate of approximately 35% between 2024 and 2029. This remarkable growth is driven by several factors, including increasing environmental awareness, government initiatives promoting clean mobility, and rising fuel costs. The country's urban centers are particularly witnessing rapid adoption of electric two-wheelers as a sustainable solution to combat traffic congestion and air pollution. South Africa's commitment to reducing carbon emissions has resulted in various incentives and policies that continue to accelerate market growth.
Electric Two-Wheeler Market in Asia-Pacific
The Asia-Pacific region is a significant contributor to the global electric two-wheeler market by region, with countries like China and India leading the charge. China, with its substantial market size of 4,743,145 units in 2024, is a pivotal player in the global landscape. The country's focus on innovation and government incentives has propelled the market forward. Meanwhile, the electric two-wheeler market in India is witnessing rapid growth, with a projected CAGR of 27% from 2024 to 2029. This growth is fueled by increasing consumer awareness and supportive government policies.
Electric Two-Wheeler Market in India
The India electric vehicle two-wheeler market is poised for significant expansion, driven by a combination of favorable government policies and increasing environmental consciousness among consumers. With a market size of 2,076,977 units in 2024, India is rapidly becoming a key player in the global two-wheeler market. The government's push for electric mobility, coupled with advancements in battery technology and infrastructure development, is expected to sustain this momentum. As a result, India is set to become a major hub for electric two-wheeler manufacturing and innovation.
Growth Trajectory in Asia-Pacific
The Asia-Pacific region is witnessing a robust growth trajectory in the electric two-wheeler sector, driven by the dynamic markets of China and India. China's market is expected to grow at a CAGR of 7% from 2024 to 2029, supported by technological advancements and government initiatives. Meanwhile, India's market is projected to grow at a remarkable 27% CAGR, highlighting its potential as a major player in the global two-wheeler market. This growth is further bolstered by increasing urbanization and the rising demand for sustainable transportation solutions across the region.
Electric Two-Wheeler Market in Europe
Europe is emerging as a key player in the global two-wheeler market, with countries like Germany and Russia showing significant potential. Germany, with a market size of 17,468 units in 2024, is focusing on technological innovation and sustainability. Russia, on the other hand, is expected to exhibit the highest growth potential among European nations, driven by increasing consumer demand and supportive government policies. The European market is characterized by a strong emphasis on reducing carbon emissions and promoting clean mobility solutions.
Growth Trajectory in Europe
The European electric two-wheeler market is poised for substantial growth, with Russia leading the charge in terms of growth potential. The region's focus on sustainability and reducing carbon emissions is driving the adoption of electric two-wheelers. Countries like Germany are investing in advanced technologies and infrastructure to support this transition. The market is expected to witness increased collaboration between governments and industry players to promote clean mobility solutions and achieve ambitious environmental targets.
Electric Two-Wheeler Market in the Middle East
The Middle East is gradually embracing the electric two-wheeler market, with the UAE taking the lead in this transition. The region's focus on sustainability and reducing reliance on fossil fuels is driving the adoption of electric mobility solutions. The UAE's strategic initiatives and investments in infrastructure are expected to accelerate the growth of the electric two-wheeler market in the region. As the Middle East continues to diversify its energy sources, the electric two-wheeler sector is poised for significant expansion.
North America Electric Two-Wheeler Market
The North America electric two-wheeler market by country is witnessing a steady growth trajectory, with the US leading the region in terms of adoption and market size. The increasing focus on sustainability and reducing carbon emissions is driving the demand for electric two-wheelers across North America. The region's robust infrastructure and supportive government policies are facilitating this transition. As consumers become more environmentally conscious, the North American market is expected to witness continued growth and innovation in the electric two-wheeler sector.
Electric Two-Wheeler Market in South America
South America is gradually recognizing the potential of the electric two-wheeler market, with countries like Brazil and Argentina taking the lead. The region's focus on sustainable transportation solutions and reducing pollution levels is driving the adoption of electric mobility. Brazil, with its large urban population, presents significant opportunities for market growth. As South America continues to invest in infrastructure and supportive policies, the electric two-wheeler market is expected to witness steady expansion in the coming years.
Electric Two-Wheeler Industry Overview
Top Companies in Electric Two-Wheeler Market
The electric two-wheeler market is characterized by intense competition among established manufacturers and emerging players, with companies like Yadea Group Holdings, Jiangsu Xinri, Gogoro, Hero Electric, and Ather Energy leading the innovation charge. Companies are focusing on developing advanced battery technologies, smart connectivity features, and improved charging solutions to enhance product performance and user experience. Strategic partnerships with technology providers, battery manufacturers, and charging infrastructure companies have become crucial for maintaining a competitive advantage. Manufacturers are expanding their geographical presence through dealership networks, particularly in emerging markets, while simultaneously investing in R&D facilities to develop next-generation electric two-wheelers. The industry has witnessed a significant push towards the localization of manufacturing and supply chains to reduce costs and improve operational efficiency.
Market Dominated by Regional Manufacturing Giants
The electric two-wheeler market structure exhibits a mix of global conglomerates and regional specialists, with Asian manufacturers, particularly from China and India, holding significant market share. The industry is moderately consolidated, with established players leveraging their manufacturing expertise, distribution networks, and brand recognition to maintain their positions. Companies are increasingly pursuing vertical integration strategies, developing in-house capabilities for critical components like batteries and motors, while also maintaining strategic partnerships with specialized technology providers.
The market has witnessed selective merger and acquisition activities, primarily focused on technology acquisition and market expansion. Established automotive companies are entering the electric two-wheeler segment through acquisitions or partnerships with specialized electric vehicle manufacturers. Regional players are strengthening their positions through joint ventures with international companies, combining local market knowledge with global technological expertise. This trend is particularly evident in emerging markets where local manufacturing capabilities are being enhanced through technology transfer agreements.
Innovation and Sustainability Drive Future Success
For incumbent players to maintain and expand their market share, focus needs to be placed on continuous product innovation, particularly in battery technology and charging solutions. Companies must invest in developing comprehensive ecosystem solutions, including charging infrastructure and battery swapping networks. Success will increasingly depend on the ability to offer integrated mobility solutions, combining hardware excellence with software capabilities for enhanced user experience. Building strong supplier relationships and optimizing production costs while maintaining quality standards will be crucial for long-term sustainability.
New entrants and challenger brands can gain ground by focusing on specific market segments or geographical regions, developing specialized products that address unique local requirements. Companies need to consider potential regulatory changes regarding vehicle specifications, safety standards, and environmental requirements, adapting their strategies accordingly. The risk of substitution from traditional two-wheelers remains moderate but is decreasing as electric alternatives become more competitive in terms of performance and total cost of ownership. Success in this evolving market will require companies to build strong after-sales networks, develop innovative financing solutions, and maintain flexibility in adapting to changing consumer preferences and regulatory landscapes. The electric two-wheeler market share is expected to grow as more consumers opt for sustainable transportation solutions.
Electric Two-Wheeler Market Leaders
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Gogoro Limited
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Hero Electric Vehicles Pvt. Ltd.
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Jiangsu Xinri E-Vehicle Co. Ltd.
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VMOTO SOCO ITALY SRL
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Yadea Group Holdings Ltd.
- *Disclaimer: Major Players sorted in no particular order
Electric Two-Wheeler Market News
- October 2023: Ather Energy announced its plans to enter the international market with the export of its 450X electric scooter to Nepal. Ather will be partnering with Vaidya Energy, a subsidiary of Vaidya's Organization of Industries & Trading Houses (VOITH), an industrial conglomerate in Nepal, with the opening of its experience center in Kathmandu in November 2023.
- September 2023: Ather Energy raised INR 9 billion (USD 121.70 million) from existing shareholders Hero MotoCorp and GIC, Singapore, through a rights issue. Ather plans to use the funds for new product launches and expansion of its charging infrastructure and retail network. The company has planned the largest outlay on research and development in 2023-24.
- August 2023: Ather Energy presented the 450S and the refreshed 450X electric scooters. The 450S is powered by a 2.9-kWh battery pack. It will have a range of 115 km and a top speed of 90 km/h. Users can use the Ather Grid fast chargers to charge the 450S at a speed of up to 1.5 km/min.
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Electric Two-Wheeler Market Report - Table of Contents
1. EXECUTIVE SUMMARY & KEY FINDINGS
2. REPORT OFFERS
3. INTRODUCTION
- 3.1 Study Assumptions & Market Definition
- 3.2 Scope of the Study
- 3.3 Research Methodology
4. KEY INDUSTRY TRENDS
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4.1 Population
- 4.1.1 Africa
- 4.1.2 Asia-Pacific
- 4.1.3 Europe
- 4.1.4 Middle East
- 4.1.5 North America
- 4.1.6 South America
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4.2 GDP Per Capita
- 4.2.1 Africa
- 4.2.2 Asia-Pacific
- 4.2.3 Europe
- 4.2.4 Middle East
- 4.2.5 North America
- 4.2.6 South America
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4.3 Consumer Spending For Vehicle Purchase (cvp)
- 4.3.1 Africa
- 4.3.2 Asia-Pacific
- 4.3.3 Europe
- 4.3.4 Middle East
- 4.3.5 North America
- 4.3.6 South America
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4.4 Inflation
- 4.4.1 Africa
- 4.4.2 Asia-Pacific
- 4.4.3 Europe
- 4.4.4 Middle East
- 4.4.5 North America
- 4.4.6 South America
- 4.5 Interest Rate For Auto Loans
- 4.6 Impact Of Electrification
- 4.7 EV Charging Station
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4.8 Battery Pack Price
- 4.8.1 Africa
- 4.8.2 Asia-Pacific
- 4.8.3 Europe
- 4.8.4 Middle East
- 4.8.5 North America
- 4.8.6 South America
- 4.9 New Xev Models Announced
- 4.10 Fuel Price
- 4.11 Regulatory Framework
- 4.12 Value Chain & Distribution Channel Analysis
5. MARKET SEGMENTATION (includes market size in Value in USD and Volume, Forecasts up to 2029 and analysis of growth prospects)
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5.1 Region
- 5.1.1 Africa
- 5.1.1.1 South Africa
- 5.1.2 Asia-Pacific
- 5.1.2.1 China
- 5.1.2.2 India
- 5.1.2.3 Japan
- 5.1.2.4 South Korea
- 5.1.3 Europe
- 5.1.3.1 France
- 5.1.3.2 Germany
- 5.1.3.3 Italy
- 5.1.3.4 Russia
- 5.1.3.5 Spain
- 5.1.3.6 UK
- 5.1.4 Middle East
- 5.1.4.1 UAE
- 5.1.5 North America
- 5.1.5.1 Canada
- 5.1.5.2 Mexico
- 5.1.5.3 US
- 5.1.6 South America
- 5.1.6.1 Argentina
- 5.1.6.2 Brazil
6. COMPETITIVE LANDSCAPE
- 6.1 Key Strategic Moves
- 6.2 Market Share Analysis
- 6.3 Company Landscape
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6.4 Company Profiles
- 6.4.1 Ather Energy Pvt. Ltd.
- 6.4.2 Energica Motor Company SPA
- 6.4.3 Gogoro Limited
- 6.4.4 Govecs AG
- 6.4.5 Hero Electric Vehicles Pvt. Ltd.
- 6.4.6 Jiangsu Xinri E-Vehicle Co. Ltd.
- 6.4.7 VMOTO SOCO ITALY SRL
- 6.4.8 Yadea Group Holdings Ltd.
- 6.4.9 Zero Motorcycles Inc.
- *List Not Exhaustive
7. KEY STRATEGIC QUESTIONS FOR VEHICLES CEOS
8. APPENDIX
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8.1 Global Overview
- 8.1.1 Overview
- 8.1.2 Porter’s Five Forces Framework
- 8.1.3 Global Value Chain Analysis
- 8.1.4 Market Dynamics (DROs)
- 8.2 Sources & References
- 8.3 List of Tables & Figures
- 8.4 Primary Insights
- 8.5 Data Pack
- 8.6 Glossary of Terms
List of Tables & Figures
- Figure 1:
- POPULATION TRENDS, VOLUME IN UNITS, AFRICA, 2017 - 2030
- Figure 2:
- POPULATION TRENDS, VOLUME IN UNITS, ASIA-PACIFIC, 2017 - 2030
- Figure 3:
- POPULATION TRENDS, VOLUME IN UNITS, EUROPE, 2017 - 2030
- Figure 4:
- POPULATION TRENDS, VOLUME IN UNITS, MIDDLE EAST, 2017 - 2030
- Figure 5:
- POPULATION TRENDS, VOLUME IN UNITS, NORTH AMERICA, 2017 - 2030
- Figure 6:
- POPULATION TRENDS, VOLUME IN UNITS, SOUTH AMERICA, 2017 - 2030
- Figure 7:
- GDP PER CAPITA AT CURRENT PRICES, VALUE IN USD, AFRICA, 2017 - 2030
- Figure 8:
- GDP PER CAPITA AT CURRENT PRICES, VALUE IN USD, ASIA-PACIFIC, 2017 - 2030
- Figure 9:
- GDP PER CAPITA AT CURRENT PRICES, VALUE IN USD, EUROPE, 2017 - 2030
- Figure 10:
- GDP PER CAPITA AT CURRENT PRICES, VALUE IN USD, MIDDLE EAST, 2017 - 2030
- Figure 11:
- GDP PER CAPITA AT CURRENT PRICES, VALUE IN USD, NORTH AMERICA, 2017 - 2030
- Figure 12:
- GDP PER CAPITA AT CURRENT PRICES, VALUE IN USD, SOUTH AMERICA, 2017 - 2030
- Figure 13:
- AVERAGE CONSUMER SPENDING PER CAPITA ON PURCHASE OF VEHICLES, VALUE IN USD, AFRICA, 2017 - 2030
- Figure 14:
- AVERAGE CONSUMER SPENDING PER CAPITA ON PURCHASE OF VEHICLES, VALUE IN USD, ASIA-PACIFIC, 2017 - 2030
- Figure 15:
- AVERAGE CONSUMER SPENDING PER CAPITA ON PURCHASE OF VEHICLES, VALUE IN USD, EUROPE, 2017 - 2030
- Figure 16:
- AVERAGE CONSUMER SPENDING PER CAPITA ON PURCHASE OF VEHICLES, VALUE IN USD, MIDDLE EAST, 2017 - 2030
- Figure 17:
- AVERAGE CONSUMER SPENDING PER CAPITA ON PURCHASE OF VEHICLES, VALUE IN USD, NORTH AMERICA, 2017 - 2030
- Figure 18:
- AVERAGE CONSUMER SPENDING PER CAPITA ON PURCHASE OF VEHICLES, VALUE IN USD, SOUTH AMERICA, 2017 - 2030
- Figure 19:
- INFLATION RATE AT AVERAGE CONSUMER PRICES, PERCENTAGE CHANGE, AFRICA, 2017 - 2030
- Figure 20:
- INFLATION RATE AT AVERAGE CONSUMER PRICES, PERCENTAGE CHANGE, ASIA-PACIFIC, 2017 - 2030
- Figure 21:
- INFLATION RATE AT AVERAGE CONSUMER PRICES, PERCENTAGE CHANGE, EUROPE, 2017 - 2030
- Figure 22:
- INFLATION RATE AT AVERAGE CONSUMER PRICES, PERCENTAGE CHANGE, MIDDLE EAST, 2017 - 2030
- Figure 23:
- INFLATION RATE AT AVERAGE CONSUMER PRICES, PERCENTAGE CHANGE, NORTH AMERICA, 2017 - 2030
- Figure 24:
- INFLATION RATE AT AVERAGE CONSUMER PRICES, PERCENTAGE CHANGE, SOUTH AMERICA, 2017 - 2030
- Figure 25:
- AUTO LOAN INTEREST RATES, PERCENTAGE, GLOBAL, 2017 - 2022
- Figure 26:
- ELECTRIC VEHICLE MARKET PENETRATION RATE, BY VEHICLE TYPE, PERCENTAGE OF VOLUME, GLOBAL, 2017 - 2030
- Figure 27:
- CHARGING STATION DEPLOYMENT, BY TYPE, VOLUME IN UNITS, GLOBAL, 2017 - 2022
- Figure 28:
- AVERAGE LITHIUM-ION BATTERY PACK PRICE, VALUE IN USD, AFRICA, 2017 - 2030
- Figure 29:
- AVERAGE LITHIUM-ION BATTERY PACK PRICE, VALUE IN USD, ASIA-PACIFIC, 2017 - 2030
- Figure 30:
- AVERAGE LITHIUM-ION BATTERY PACK PRICE, VALUE IN USD, EUROPE, 2017 - 2030
- Figure 31:
- AVERAGE LITHIUM-ION BATTERY PACK PRICE, VALUE IN USD, MIDDLE EAST, 2017 - 2030
- Figure 32:
- AVERAGE LITHIUM-ION BATTERY PACK PRICE, VALUE IN USD, NORTH AMERICA, 2017 - 2030
- Figure 33:
- AVERAGE LITHIUM-ION BATTERY PACK PRICE, VALUE IN USD, SOUTH AMERICA, 2017 - 2030
- Figure 34:
- ANNOUNCEMENT OF NEW XEV MODELS, BY VEHICLE TYPE, VOLUME IN UNITS, GLOBAL, 2023 - 2027
- Figure 35:
- FUEL PRICE, BY FUEL TYPE, USD/LITER, GLOBAL, 2017 - 2022
- Figure 36:
- GLOBAL ELECTRIC TWO-WHEELER MARKET, VOLUME IN UNITS, 2017 - 2030
- Figure 37:
- GLOBAL ELECTRIC TWO-WHEELER MARKET, VALUE IN USD, 2017 - 2030
- Figure 38:
- GLOBAL ELECTRIC TWO-WHEELER MARKET, BY REGION, BY VOLUME IN UNITS, 2017 - 2030
- Figure 39:
- GLOBAL ELECTRIC TWO-WHEELER MARKET, BY REGION, BY VALUE IN USD, 2017 - 2030
- Figure 40:
- GLOBAL ELECTRIC TWO-WHEELER MARKET MARKET, SHARE(%), BY REGION, 2017 - 2030
- Figure 41:
- GLOBAL ELECTRIC TWO-WHEELER MARKET MARKET, SHARE(%), BY REGION, 2017 - 2030
- Figure 42:
- GLOBAL ELECTRIC TWO-WHEELER MARKET, BY COUNTRY, BY VOLUME IN UNITS, 2017 - 2030
- Figure 43:
- GLOBAL ELECTRIC TWO-WHEELER MARKET, BY COUNTRY, BY VALUE IN USD, 2017 - 2030
- Figure 44:
- GLOBAL ELECTRIC TWO-WHEELER MARKET MARKET, SHARE(%), BY COUNTRY, 2017 - 2030
- Figure 45:
- GLOBAL ELECTRIC TWO-WHEELER MARKET MARKET, SHARE(%), BY COUNTRY, 2017 - 2030
- Figure 46:
- GLOBAL ELECTRIC TWO-WHEELER MARKET, BY SOUTH AFRICA, BY VOLUME IN UNITS, 2017 - 2030
- Figure 47:
- GLOBAL ELECTRIC TWO-WHEELER MARKET, BY SOUTH AFRICA, BY VALUE IN USD, 2017 - 2030
- Figure 48:
- GLOBAL ELECTRIC TWO-WHEELER MARKET, BY COUNTRY, BY VOLUME IN UNITS, 2017 - 2030
- Figure 49:
- GLOBAL ELECTRIC TWO-WHEELER MARKET, BY COUNTRY, BY VALUE IN USD, 2017 - 2030
- Figure 50:
- GLOBAL ELECTRIC TWO-WHEELER MARKET MARKET, SHARE(%), BY COUNTRY, 2017 - 2030
- Figure 51:
- GLOBAL ELECTRIC TWO-WHEELER MARKET MARKET, SHARE(%), BY COUNTRY, 2017 - 2030
- Figure 52:
- GLOBAL ELECTRIC TWO-WHEELER MARKET, BY CHINA, BY VOLUME IN UNITS, 2017 - 2030
- Figure 53:
- GLOBAL ELECTRIC TWO-WHEELER MARKET, BY CHINA, BY VALUE IN USD, 2017 - 2030
- Figure 54:
- GLOBAL ELECTRIC TWO-WHEELER MARKET, BY INDIA, BY VOLUME IN UNITS, 2017 - 2030
- Figure 55:
- GLOBAL ELECTRIC TWO-WHEELER MARKET, BY INDIA, BY VALUE IN USD, 2017 - 2030
- Figure 56:
- GLOBAL ELECTRIC TWO-WHEELER MARKET, BY JAPAN, BY VOLUME IN UNITS, 2017 - 2030
- Figure 57:
- GLOBAL ELECTRIC TWO-WHEELER MARKET, BY JAPAN, BY VALUE IN USD, 2017 - 2030
- Figure 58:
- GLOBAL ELECTRIC TWO-WHEELER MARKET, BY SOUTH KOREA, BY VOLUME IN UNITS, 2017 - 2030
- Figure 59:
- GLOBAL ELECTRIC TWO-WHEELER MARKET, BY SOUTH KOREA, BY VALUE IN USD, 2017 - 2030
- Figure 60:
- GLOBAL ELECTRIC TWO-WHEELER MARKET, BY COUNTRY, BY VOLUME IN UNITS, 2017 - 2030
- Figure 61:
- GLOBAL ELECTRIC TWO-WHEELER MARKET, BY COUNTRY, BY VALUE IN USD, 2017 - 2030
- Figure 62:
- GLOBAL ELECTRIC TWO-WHEELER MARKET MARKET, SHARE(%), BY COUNTRY, 2017 - 2030
- Figure 63:
- GLOBAL ELECTRIC TWO-WHEELER MARKET MARKET, SHARE(%), BY COUNTRY, 2017 - 2030
- Figure 64:
- GLOBAL ELECTRIC TWO-WHEELER MARKET, BY FRANCE, BY VOLUME IN UNITS, 2017 - 2030
- Figure 65:
- GLOBAL ELECTRIC TWO-WHEELER MARKET, BY FRANCE, BY VALUE IN USD, 2017 - 2030
- Figure 66:
- GLOBAL ELECTRIC TWO-WHEELER MARKET, BY GERMANY, BY VOLUME IN UNITS, 2017 - 2030
- Figure 67:
- GLOBAL ELECTRIC TWO-WHEELER MARKET, BY GERMANY, BY VALUE IN USD, 2017 - 2030
- Figure 68:
- GLOBAL ELECTRIC TWO-WHEELER MARKET, BY ITALY, BY VOLUME IN UNITS, 2017 - 2030
- Figure 69:
- GLOBAL ELECTRIC TWO-WHEELER MARKET, BY ITALY, BY VALUE IN USD, 2017 - 2030
- Figure 70:
- GLOBAL ELECTRIC TWO-WHEELER MARKET, BY RUSSIA, BY VOLUME IN UNITS, 2017 - 2030
- Figure 71:
- GLOBAL ELECTRIC TWO-WHEELER MARKET, BY RUSSIA, BY VALUE IN USD, 2017 - 2030
- Figure 72:
- GLOBAL ELECTRIC TWO-WHEELER MARKET, BY SPAIN, BY VOLUME IN UNITS, 2017 - 2030
- Figure 73:
- GLOBAL ELECTRIC TWO-WHEELER MARKET, BY SPAIN, BY VALUE IN USD, 2017 - 2030
- Figure 74:
- GLOBAL ELECTRIC TWO-WHEELER MARKET, BY UK, BY VOLUME IN UNITS, 2017 - 2030
- Figure 75:
- GLOBAL ELECTRIC TWO-WHEELER MARKET, BY UK, BY VALUE IN USD, 2017 - 2030
- Figure 76:
- GLOBAL ELECTRIC TWO-WHEELER MARKET, BY COUNTRY, BY VOLUME IN UNITS, 2017 - 2030
- Figure 77:
- GLOBAL ELECTRIC TWO-WHEELER MARKET, BY COUNTRY, BY VALUE IN USD, 2017 - 2030
- Figure 78:
- GLOBAL ELECTRIC TWO-WHEELER MARKET MARKET, SHARE(%), BY COUNTRY, 2017 - 2030
- Figure 79:
- GLOBAL ELECTRIC TWO-WHEELER MARKET MARKET, SHARE(%), BY COUNTRY, 2017 - 2030
- Figure 80:
- GLOBAL ELECTRIC TWO-WHEELER MARKET, BY UAE, BY VOLUME IN UNITS, 2017 - 2030
- Figure 81:
- GLOBAL ELECTRIC TWO-WHEELER MARKET, BY UAE, BY VALUE IN USD, 2017 - 2030
- Figure 82:
- GLOBAL ELECTRIC TWO-WHEELER MARKET, BY COUNTRY, BY VOLUME IN UNITS, 2017 - 2030
- Figure 83:
- GLOBAL ELECTRIC TWO-WHEELER MARKET, BY COUNTRY, BY VALUE IN USD, 2017 - 2030
- Figure 84:
- GLOBAL ELECTRIC TWO-WHEELER MARKET MARKET, SHARE(%), BY COUNTRY, 2017 - 2030
- Figure 85:
- GLOBAL ELECTRIC TWO-WHEELER MARKET MARKET, SHARE(%), BY COUNTRY, 2017 - 2030
- Figure 86:
- GLOBAL ELECTRIC TWO-WHEELER MARKET, BY CANADA, BY VOLUME IN UNITS, 2017 - 2030
- Figure 87:
- GLOBAL ELECTRIC TWO-WHEELER MARKET, BY CANADA, BY VALUE IN USD, 2017 - 2030
- Figure 88:
- GLOBAL ELECTRIC TWO-WHEELER MARKET, BY MEXICO, BY VOLUME IN UNITS, 2017 - 2030
- Figure 89:
- GLOBAL ELECTRIC TWO-WHEELER MARKET, BY MEXICO, BY VALUE IN USD, 2017 - 2030
- Figure 90:
- GLOBAL ELECTRIC TWO-WHEELER MARKET, BY US, BY VOLUME IN UNITS, 2017 - 2030
- Figure 91:
- GLOBAL ELECTRIC TWO-WHEELER MARKET, BY US, BY VALUE IN USD, 2017 - 2030
- Figure 92:
- GLOBAL ELECTRIC TWO-WHEELER MARKET, BY COUNTRY, BY VOLUME IN UNITS, 2017 - 2030
- Figure 93:
- GLOBAL ELECTRIC TWO-WHEELER MARKET, BY COUNTRY, BY VALUE IN USD, 2017 - 2030
- Figure 94:
- GLOBAL ELECTRIC TWO-WHEELER MARKET MARKET, SHARE(%), BY COUNTRY, 2017 - 2030
- Figure 95:
- GLOBAL ELECTRIC TWO-WHEELER MARKET MARKET, SHARE(%), BY COUNTRY, 2017 - 2030
- Figure 96:
- GLOBAL ELECTRIC TWO-WHEELER MARKET, BY ARGENTINA, BY VOLUME IN UNITS, 2017 - 2030
- Figure 97:
- GLOBAL ELECTRIC TWO-WHEELER MARKET, BY ARGENTINA, BY VALUE IN USD, 2017 - 2030
- Figure 98:
- GLOBAL ELECTRIC TWO-WHEELER MARKET, BY BRAZIL, BY VOLUME IN UNITS, 2017 - 2030
- Figure 99:
- GLOBAL ELECTRIC TWO-WHEELER MARKET, BY BRAZIL, BY VALUE IN USD, 2017 - 2030
- Figure 100:
- GLOBAL ELECTRIC TWO-WHEELER MARKET, MOST ACTIVE COMPANIES, BY NUMBER OF STRATEGIC MOVES, 2017 - 2030
- Figure 101:
- GLOBAL ELECTRIC TWO-WHEELER MARKET, MOST ADOPTED STRATEGIES, 2017 - 2030
- Figure 102:
- GLOBAL ELECTRIC TWO-WHEELER MARKET SHARE(%), BY MAJOR PLAYERS
Electric Two-Wheeler Industry Segmentation
Africa, Asia-Pacific, Europe, Middle East, North America, South America are covered as segments by Region.Region | Africa | South Africa | |
Asia-Pacific | China | ||
India | |||
Japan | |||
South Korea | |||
Europe | France | ||
Germany | |||
Italy | |||
Russia | |||
Spain | |||
UK | |||
Middle East | UAE | ||
North America | Canada | ||
Mexico | |||
US | |||
South America | Argentina | ||
Brazil |
Market Definition
- Vehicle Type - The category covers motorized two-wheelers.
- Vehicle Body Type - This includes Scooters and Motorcycles, while Kick-scooters and Bicycles are excluded.
- Fuel Category - The category exclusively covers electric propulsion systems, while Internal Combustion Engines (ICE) are excluded.
Keyword | Definition |
---|---|
Electric Vehicle (EV) | A vehicle which uses one or more electric motors for propulsion. Includes cars, buses, and trucks. This term includes all-electric vehicles or battery electric vehicles and plug-in hybrid electric vehicles. |
BEV | A BEV relies completely on a battery and a motor for propulsion. The battery in the vehicle must be charged by plugging it into an outlet or public charging station. BEVs do not have an ICE and hence are pollution-free. They have a low cost of operation and reduced engine noise as compared to conventional fuel engines. However, they have a shorter range and higher prices than their equivalent gasoline models. |
PEV | A plug-in electric vehicle is an electric vehicle that can be externally charged and generally includes all-electric vehicles as well as plug-in hybrids. |
Plug-in Hybrid EV | A vehicle that can be powered either by an ICE or an electric motor. In contrast to normal hybrid EVs, they can be charged externally. |
Internal combustion engine | An engine in which the burning of fuels occurs in a confined space called a combustion chamber. Usually run with gasoline/petrol or diesel. |
Hybrid EV | A vehicle powered by an ICE in combination with one or more electric motors that use energy stored in batteries. These are continually recharged with power from the ICE and regenerative braking. |
Commercial Vehicles | Commercial vehicles are motorized road vehicles designed for transporting people or goods. The category includes light commercial vehicles (LCVs) and medium and heavy-duty vehicles (M&HCV). |
Passenger Vehicles | Passenger cars are electric motor– or engine-driven vehicles with at least four wheels. These vehicles are used for the transport of passengers and comprise no more than eight seats in addition to the driver’s seat. |
Light Commercial Vehicles | Commercial vehicles that weigh less than 6,000 lb (Class 1) and in the range of 6,001–10,000 lb (Class 2) are covered under this category. |
M&HDT | Commercial vehicles that weigh in the range of 10,001–14,000 lb (Class 3), 14,001–16,000 lb (Class 4), 16,001–19,500 lb (Class 5), 19,501–26,000 lb (Class 6), 26,001–33,000 lb (Class 7) and above 33,001 lb (Class 8) are covered under this category. |
Bus | A mode of transportation that typically refers to a large vehicle designed to carry passengers over long distances. This includes transit bus, school bus, shuttle bus, and trolleybuses. |
Diesel | It includes vehicles that use diesel as their primary fuel. A diesel engine vehicle have a compression-ignited injection system rather than the spark-ignited system used by most gasoline vehicles. In such vehicles, fuel is injected into the combustion chamber and ignited by the high temperature achieved when gas is greatly compressed. |
Gasoline | It includes vehicles that use gas/petrol as their primary fuel. A gasoline car typically uses a spark-ignited internal combustion engine. In such vehicles, fuel is injected into either the intake manifold or the combustion chamber, where it is combined with air, and the air/fuel mixture is ignited by the spark from a spark plug. |
LPG | It includes vehicles that use LPG as their primary fuel. Both dedicated and bi-fuel LPG vehicles are considered under the scope of the study. |
CNG | It includes vehicles that use CNG as their primary fuel. These are vehicles that operate like gasoline-powered vehicles with spark-ignited internal combustion engines. |
HEV | All the electric vehicles that use batteries and an internal combustion engine (ICE) as their primary source for propulsion are considered under this category. HEVs generally use a diesel-electric powertrain and are also known as hybrid diesel-electric vehicles. An HEV converts the vehicle momentum (kinetic energy) into electricity that recharges the battery when the vehicle slows down or stops. The battery of HEV cannot be charged using plug-in devices. |
PHEV | PHEVs are powered by a battery as well as an ICE. The battery can be charged through either regenerative breaking using the ICE or by plugging into some external charging source. PHEVs have a better range than BEVs but are comparatively less eco-friendly. |
Hatchback | These are compact-sized cars with a hatch-type door provided at the rear end. |
Sedan | These are usually two- or four-door passenger cars, with a separate area provided at the rear end for luggage. |
SUV | Popularly known as SUVs, these cars come with four-wheel drive, and usually have high ground clearance. These cars can also be used as off-road vehicles. |
MPV | These are multi-purpose vehicles (also called minivans) designed to carry a larger number of passengers. They carry between five and seven people and have room for luggage too. They are usually taller than the average family saloon car, to provide greater headroom and ease of access, and they are usually front-wheel drive. |
Research Methodology
Mordor Intelligence follows a four-step methodology in all its reports.
- Step-1: Identify Key Variables: To build a robust forecasting methodology, the variables and factors identified in Step-1 are tested against available historical market numbers. Through an iterative process, the variables required for market forecast are set and the model is built based on these variables.
- Step-2: Build a Market Model: Market-size estimations for the historical and forecast years have been provided in revenue and volume terms. Market revenue is calculated by multiplying the sales volume with their respective average selling price (ASP). While estimating ASP factors like average inflation, market demand shift, manufacturing cost, technological advancement, and varying consumer preference, among others have been taken into account.
- Step-3: Validate and Finalize: In this important step, all market numbers, variables, and analyst calls are validated through an extensive network of primary research experts from the market studied. The respondents are selected across levels and functions to generate a holistic picture of the market studied.
- Step-4: Research Outputs: Syndicated Reports, Custom Consulting Assignments, Databases & Subscription Platforms.