Electric Two-Wheeler Market SIZE & SHARE ANALYSIS - GROWTH TRENDS & FORECASTS UP TO 2029

The Electric Two-Wheeler Market is segmented by Region (Africa, Asia-Pacific, Europe, Middle East, North America, South America). The report offers market size in both market value in USD and market volume in unit. Further, the report includes a market split by Vehicle Type, Vehicle Configuration, Vehicle Body Type, Propulsion Type, and Fuel Category.

Electric Two-Wheeler Market SIZE & SHARE ANALYSIS - GROWTH TRENDS & FORECASTS UP TO 2029

Electric Two-Wheeler Market Size

Electric Two-Wheeler Market Summary
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

Electric Two-Wheeler Market Major Players

*Disclaimer: Major Players sorted in no particular order

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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.

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.

Market Analysis of Electric Two-Wheeler Market: Forecasted Growth Rate by Region

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

  1. Gogoro Limited

  2. Hero Electric Vehicles Pvt. Ltd.

  3. Jiangsu Xinri E-Vehicle Co. Ltd.

  4. VMOTO SOCO ITALY SRL

  5. Yadea Group Holdings Ltd.

  6. *Disclaimer: Major Players sorted in no particular order
Electric Two-Wheeler Market Concentration
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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
Electric Two-Wheeler Market
Electric Two-Wheeler Market
Electric Two-Wheeler Market

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

  • 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
  • 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
  • 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
  • 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
  • 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)

  • 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
  • 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

  • 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
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List of Tables & Figures

  1. Figure 1:  
  2. POPULATION TRENDS, VOLUME IN UNITS, AFRICA, 2017 - 2030
  1. Figure 2:  
  2. POPULATION TRENDS, VOLUME IN UNITS, ASIA-PACIFIC, 2017 - 2030
  1. Figure 3:  
  2. POPULATION TRENDS, VOLUME IN UNITS, EUROPE, 2017 - 2030
  1. Figure 4:  
  2. POPULATION TRENDS, VOLUME IN UNITS, MIDDLE EAST, 2017 - 2030
  1. Figure 5:  
  2. POPULATION TRENDS, VOLUME IN UNITS, NORTH AMERICA, 2017 - 2030
  1. Figure 6:  
  2. POPULATION TRENDS, VOLUME IN UNITS, SOUTH AMERICA, 2017 - 2030
  1. Figure 7:  
  2. GDP PER CAPITA AT CURRENT PRICES, VALUE IN USD, AFRICA, 2017 - 2030
  1. Figure 8:  
  2. GDP PER CAPITA AT CURRENT PRICES, VALUE IN USD, ASIA-PACIFIC, 2017 - 2030
  1. Figure 9:  
  2. GDP PER CAPITA AT CURRENT PRICES, VALUE IN USD, EUROPE, 2017 - 2030
  1. Figure 10:  
  2. GDP PER CAPITA AT CURRENT PRICES, VALUE IN USD, MIDDLE EAST, 2017 - 2030
  1. Figure 11:  
  2. GDP PER CAPITA AT CURRENT PRICES, VALUE IN USD, NORTH AMERICA, 2017 - 2030
  1. Figure 12:  
  2. GDP PER CAPITA AT CURRENT PRICES, VALUE IN USD, SOUTH AMERICA, 2017 - 2030
  1. Figure 13:  
  2. AVERAGE CONSUMER SPENDING PER CAPITA ON PURCHASE OF VEHICLES, VALUE IN USD, AFRICA, 2017 - 2030
  1. Figure 14:  
  2. AVERAGE CONSUMER SPENDING PER CAPITA ON PURCHASE OF VEHICLES, VALUE IN USD, ASIA-PACIFIC, 2017 - 2030
  1. Figure 15:  
  2. AVERAGE CONSUMER SPENDING PER CAPITA ON PURCHASE OF VEHICLES, VALUE IN USD, EUROPE, 2017 - 2030
  1. Figure 16:  
  2. AVERAGE CONSUMER SPENDING PER CAPITA ON PURCHASE OF VEHICLES, VALUE IN USD, MIDDLE EAST, 2017 - 2030
  1. Figure 17:  
  2. AVERAGE CONSUMER SPENDING PER CAPITA ON PURCHASE OF VEHICLES, VALUE IN USD, NORTH AMERICA, 2017 - 2030
  1. Figure 18:  
  2. AVERAGE CONSUMER SPENDING PER CAPITA ON PURCHASE OF VEHICLES, VALUE IN USD, SOUTH AMERICA, 2017 - 2030
  1. Figure 19:  
  2. INFLATION RATE AT AVERAGE CONSUMER PRICES, PERCENTAGE CHANGE, AFRICA, 2017 - 2030
  1. Figure 20:  
  2. INFLATION RATE AT AVERAGE CONSUMER PRICES, PERCENTAGE CHANGE, ASIA-PACIFIC, 2017 - 2030
  1. Figure 21:  
  2. INFLATION RATE AT AVERAGE CONSUMER PRICES, PERCENTAGE CHANGE, EUROPE, 2017 - 2030
  1. Figure 22:  
  2. INFLATION RATE AT AVERAGE CONSUMER PRICES, PERCENTAGE CHANGE, MIDDLE EAST, 2017 - 2030
  1. Figure 23:  
  2. INFLATION RATE AT AVERAGE CONSUMER PRICES, PERCENTAGE CHANGE, NORTH AMERICA, 2017 - 2030
  1. Figure 24:  
  2. INFLATION RATE AT AVERAGE CONSUMER PRICES, PERCENTAGE CHANGE, SOUTH AMERICA, 2017 - 2030
  1. Figure 25:  
  2. AUTO LOAN INTEREST RATES, PERCENTAGE, GLOBAL, 2017 - 2022
  1. Figure 26:  
  2. ELECTRIC VEHICLE MARKET PENETRATION RATE, BY VEHICLE TYPE, PERCENTAGE OF VOLUME, GLOBAL, 2017 - 2030
  1. Figure 27:  
  2. CHARGING STATION DEPLOYMENT, BY TYPE, VOLUME IN UNITS, GLOBAL, 2017 - 2022
  1. Figure 28:  
  2. AVERAGE LITHIUM-ION BATTERY PACK PRICE, VALUE IN USD, AFRICA, 2017 - 2030
  1. Figure 29:  
  2. AVERAGE LITHIUM-ION BATTERY PACK PRICE, VALUE IN USD, ASIA-PACIFIC, 2017 - 2030
  1. Figure 30:  
  2. AVERAGE LITHIUM-ION BATTERY PACK PRICE, VALUE IN USD, EUROPE, 2017 - 2030
  1. Figure 31:  
  2. AVERAGE LITHIUM-ION BATTERY PACK PRICE, VALUE IN USD, MIDDLE EAST, 2017 - 2030
  1. Figure 32:  
  2. AVERAGE LITHIUM-ION BATTERY PACK PRICE, VALUE IN USD, NORTH AMERICA, 2017 - 2030
  1. Figure 33:  
  2. AVERAGE LITHIUM-ION BATTERY PACK PRICE, VALUE IN USD, SOUTH AMERICA, 2017 - 2030
  1. Figure 34:  
  2. ANNOUNCEMENT OF NEW XEV MODELS, BY VEHICLE TYPE, VOLUME IN UNITS, GLOBAL, 2023 - 2027
  1. Figure 35:  
  2. FUEL PRICE, BY FUEL TYPE, USD/LITER, GLOBAL, 2017 - 2022
  1. Figure 36:  
  2. GLOBAL ELECTRIC TWO-WHEELER MARKET, VOLUME IN UNITS, 2017 - 2030
  1. Figure 37:  
  2. GLOBAL ELECTRIC TWO-WHEELER MARKET, VALUE IN USD, 2017 - 2030
  1. Figure 38:  
  2. GLOBAL ELECTRIC TWO-WHEELER MARKET, BY REGION, BY VOLUME IN UNITS, 2017 - 2030
  1. Figure 39:  
  2. GLOBAL ELECTRIC TWO-WHEELER MARKET, BY REGION, BY VALUE IN USD, 2017 - 2030
  1. Figure 40:  
  2. GLOBAL ELECTRIC TWO-WHEELER MARKET MARKET, SHARE(%), BY REGION, 2017 - 2030
  1. Figure 41:  
  2. GLOBAL ELECTRIC TWO-WHEELER MARKET MARKET, SHARE(%), BY REGION, 2017 - 2030
  1. Figure 42:  
  2. GLOBAL ELECTRIC TWO-WHEELER MARKET, BY COUNTRY, BY VOLUME IN UNITS, 2017 - 2030
  1. Figure 43:  
  2. GLOBAL ELECTRIC TWO-WHEELER MARKET, BY COUNTRY, BY VALUE IN USD, 2017 - 2030
  1. Figure 44:  
  2. GLOBAL ELECTRIC TWO-WHEELER MARKET MARKET, SHARE(%), BY COUNTRY, 2017 - 2030
  1. Figure 45:  
  2. GLOBAL ELECTRIC TWO-WHEELER MARKET MARKET, SHARE(%), BY COUNTRY, 2017 - 2030
  1. Figure 46:  
  2. GLOBAL ELECTRIC TWO-WHEELER MARKET, BY SOUTH AFRICA, BY VOLUME IN UNITS, 2017 - 2030
  1. Figure 47:  
  2. GLOBAL ELECTRIC TWO-WHEELER MARKET, BY SOUTH AFRICA, BY VALUE IN USD, 2017 - 2030
  1. Figure 48:  
  2. GLOBAL ELECTRIC TWO-WHEELER MARKET, BY COUNTRY, BY VOLUME IN UNITS, 2017 - 2030
  1. Figure 49:  
  2. GLOBAL ELECTRIC TWO-WHEELER MARKET, BY COUNTRY, BY VALUE IN USD, 2017 - 2030
  1. Figure 50:  
  2. GLOBAL ELECTRIC TWO-WHEELER MARKET MARKET, SHARE(%), BY COUNTRY, 2017 - 2030
  1. Figure 51:  
  2. GLOBAL ELECTRIC TWO-WHEELER MARKET MARKET, SHARE(%), BY COUNTRY, 2017 - 2030
  1. Figure 52:  
  2. GLOBAL ELECTRIC TWO-WHEELER MARKET, BY CHINA, BY VOLUME IN UNITS, 2017 - 2030
  1. Figure 53:  
  2. GLOBAL ELECTRIC TWO-WHEELER MARKET, BY CHINA, BY VALUE IN USD, 2017 - 2030
  1. Figure 54:  
  2. GLOBAL ELECTRIC TWO-WHEELER MARKET, BY INDIA, BY VOLUME IN UNITS, 2017 - 2030
  1. Figure 55:  
  2. GLOBAL ELECTRIC TWO-WHEELER MARKET, BY INDIA, BY VALUE IN USD, 2017 - 2030
  1. Figure 56:  
  2. GLOBAL ELECTRIC TWO-WHEELER MARKET, BY JAPAN, BY VOLUME IN UNITS, 2017 - 2030
  1. Figure 57:  
  2. GLOBAL ELECTRIC TWO-WHEELER MARKET, BY JAPAN, BY VALUE IN USD, 2017 - 2030
  1. Figure 58:  
  2. GLOBAL ELECTRIC TWO-WHEELER MARKET, BY SOUTH KOREA, BY VOLUME IN UNITS, 2017 - 2030
  1. Figure 59:  
  2. GLOBAL ELECTRIC TWO-WHEELER MARKET, BY SOUTH KOREA, BY VALUE IN USD, 2017 - 2030
  1. Figure 60:  
  2. GLOBAL ELECTRIC TWO-WHEELER MARKET, BY COUNTRY, BY VOLUME IN UNITS, 2017 - 2030
  1. Figure 61:  
  2. GLOBAL ELECTRIC TWO-WHEELER MARKET, BY COUNTRY, BY VALUE IN USD, 2017 - 2030
  1. Figure 62:  
  2. GLOBAL ELECTRIC TWO-WHEELER MARKET MARKET, SHARE(%), BY COUNTRY, 2017 - 2030
  1. Figure 63:  
  2. GLOBAL ELECTRIC TWO-WHEELER MARKET MARKET, SHARE(%), BY COUNTRY, 2017 - 2030
  1. Figure 64:  
  2. GLOBAL ELECTRIC TWO-WHEELER MARKET, BY FRANCE, BY VOLUME IN UNITS, 2017 - 2030
  1. Figure 65:  
  2. GLOBAL ELECTRIC TWO-WHEELER MARKET, BY FRANCE, BY VALUE IN USD, 2017 - 2030
  1. Figure 66:  
  2. GLOBAL ELECTRIC TWO-WHEELER MARKET, BY GERMANY, BY VOLUME IN UNITS, 2017 - 2030
  1. Figure 67:  
  2. GLOBAL ELECTRIC TWO-WHEELER MARKET, BY GERMANY, BY VALUE IN USD, 2017 - 2030
  1. Figure 68:  
  2. GLOBAL ELECTRIC TWO-WHEELER MARKET, BY ITALY, BY VOLUME IN UNITS, 2017 - 2030
  1. Figure 69:  
  2. GLOBAL ELECTRIC TWO-WHEELER MARKET, BY ITALY, BY VALUE IN USD, 2017 - 2030
  1. Figure 70:  
  2. GLOBAL ELECTRIC TWO-WHEELER MARKET, BY RUSSIA, BY VOLUME IN UNITS, 2017 - 2030
  1. Figure 71:  
  2. GLOBAL ELECTRIC TWO-WHEELER MARKET, BY RUSSIA, BY VALUE IN USD, 2017 - 2030
  1. Figure 72:  
  2. GLOBAL ELECTRIC TWO-WHEELER MARKET, BY SPAIN, BY VOLUME IN UNITS, 2017 - 2030
  1. Figure 73:  
  2. GLOBAL ELECTRIC TWO-WHEELER MARKET, BY SPAIN, BY VALUE IN USD, 2017 - 2030
  1. Figure 74:  
  2. GLOBAL ELECTRIC TWO-WHEELER MARKET, BY UK, BY VOLUME IN UNITS, 2017 - 2030
  1. Figure 75:  
  2. GLOBAL ELECTRIC TWO-WHEELER MARKET, BY UK, BY VALUE IN USD, 2017 - 2030
  1. Figure 76:  
  2. GLOBAL ELECTRIC TWO-WHEELER MARKET, BY COUNTRY, BY VOLUME IN UNITS, 2017 - 2030
  1. Figure 77:  
  2. GLOBAL ELECTRIC TWO-WHEELER MARKET, BY COUNTRY, BY VALUE IN USD, 2017 - 2030
  1. Figure 78:  
  2. GLOBAL ELECTRIC TWO-WHEELER MARKET MARKET, SHARE(%), BY COUNTRY, 2017 - 2030
  1. Figure 79:  
  2. GLOBAL ELECTRIC TWO-WHEELER MARKET MARKET, SHARE(%), BY COUNTRY, 2017 - 2030
  1. Figure 80:  
  2. GLOBAL ELECTRIC TWO-WHEELER MARKET, BY UAE, BY VOLUME IN UNITS, 2017 - 2030
  1. Figure 81:  
  2. GLOBAL ELECTRIC TWO-WHEELER MARKET, BY UAE, BY VALUE IN USD, 2017 - 2030
  1. Figure 82:  
  2. GLOBAL ELECTRIC TWO-WHEELER MARKET, BY COUNTRY, BY VOLUME IN UNITS, 2017 - 2030
  1. Figure 83:  
  2. GLOBAL ELECTRIC TWO-WHEELER MARKET, BY COUNTRY, BY VALUE IN USD, 2017 - 2030
  1. Figure 84:  
  2. GLOBAL ELECTRIC TWO-WHEELER MARKET MARKET, SHARE(%), BY COUNTRY, 2017 - 2030
  1. Figure 85:  
  2. GLOBAL ELECTRIC TWO-WHEELER MARKET MARKET, SHARE(%), BY COUNTRY, 2017 - 2030
  1. Figure 86:  
  2. GLOBAL ELECTRIC TWO-WHEELER MARKET, BY CANADA, BY VOLUME IN UNITS, 2017 - 2030
  1. Figure 87:  
  2. GLOBAL ELECTRIC TWO-WHEELER MARKET, BY CANADA, BY VALUE IN USD, 2017 - 2030
  1. Figure 88:  
  2. GLOBAL ELECTRIC TWO-WHEELER MARKET, BY MEXICO, BY VOLUME IN UNITS, 2017 - 2030
  1. Figure 89:  
  2. GLOBAL ELECTRIC TWO-WHEELER MARKET, BY MEXICO, BY VALUE IN USD, 2017 - 2030
  1. Figure 90:  
  2. GLOBAL ELECTRIC TWO-WHEELER MARKET, BY US, BY VOLUME IN UNITS, 2017 - 2030
  1. Figure 91:  
  2. GLOBAL ELECTRIC TWO-WHEELER MARKET, BY US, BY VALUE IN USD, 2017 - 2030
  1. Figure 92:  
  2. GLOBAL ELECTRIC TWO-WHEELER MARKET, BY COUNTRY, BY VOLUME IN UNITS, 2017 - 2030
  1. Figure 93:  
  2. GLOBAL ELECTRIC TWO-WHEELER MARKET, BY COUNTRY, BY VALUE IN USD, 2017 - 2030
  1. Figure 94:  
  2. GLOBAL ELECTRIC TWO-WHEELER MARKET MARKET, SHARE(%), BY COUNTRY, 2017 - 2030
  1. Figure 95:  
  2. GLOBAL ELECTRIC TWO-WHEELER MARKET MARKET, SHARE(%), BY COUNTRY, 2017 - 2030
  1. Figure 96:  
  2. GLOBAL ELECTRIC TWO-WHEELER MARKET, BY ARGENTINA, BY VOLUME IN UNITS, 2017 - 2030
  1. Figure 97:  
  2. GLOBAL ELECTRIC TWO-WHEELER MARKET, BY ARGENTINA, BY VALUE IN USD, 2017 - 2030
  1. Figure 98:  
  2. GLOBAL ELECTRIC TWO-WHEELER MARKET, BY BRAZIL, BY VOLUME IN UNITS, 2017 - 2030
  1. Figure 99:  
  2. GLOBAL ELECTRIC TWO-WHEELER MARKET, BY BRAZIL, BY VALUE IN USD, 2017 - 2030
  1. Figure 100:  
  2. GLOBAL ELECTRIC TWO-WHEELER MARKET, MOST ACTIVE COMPANIES, BY NUMBER OF STRATEGIC MOVES, 2017 - 2030
  1. Figure 101:  
  2. GLOBAL ELECTRIC TWO-WHEELER MARKET, MOST ADOPTED STRATEGIES, 2017 - 2030
  1. Figure 102:  
  2. 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
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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.
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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.
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Electric Two-Wheeler Market Research FAQs

How big is the Global Electric Two-Wheeler Market?

The Global Electric Two-Wheeler Market size is expected to reach USD 128.55 billion in 2025 and grow at a CAGR of 9.00% to reach USD 181.43 billion by 2029.

What is the current Global Electric Two-Wheeler Market size?

In 2025, the Global Electric Two-Wheeler Market size is expected to reach USD 128.55 billion.

Who are the key players in Global Electric Two-Wheeler Market?

Gogoro Limited, Hero Electric Vehicles Pvt. Ltd., Jiangsu Xinri E-Vehicle Co. Ltd., VMOTO SOCO ITALY SRL and Yadea Group Holdings Ltd. are the major companies operating in the Global Electric Two-Wheeler Market.

Which segment has the biggest share in the Global Electric Two-Wheeler Market?

In the Global Electric Two-Wheeler Market, the ICE segment accounts for the largest share by propulsion type.

Which region has the biggest share in the Global Electric Two-Wheeler Market?

In 2025, Asia-Pacific accounts for the largest share by region in the Global Electric Two-Wheeler Market.

What years does this Global Electric Two-Wheeler Market cover, and what was the market size in 2025?

In 2025, the Global Electric Two-Wheeler Market size was estimated at 128.55 billion. The report covers the Global Electric Two-Wheeler Market historical market size for years: 2017, 2018, 2019, 2020, 2021, 2022, 2023 and 2024. The report also forecasts the Global Electric Two-Wheeler Market size for years: 2025, 2026, 2027, 2028 and 2029.

Electric Two-Wheeler Market Research

Mordor Intelligence provides a comprehensive analysis of the global electric two-wheeler market. We leverage our extensive expertise in the electric two-wheeler industry to deliver this detailed study. The report covers the rapidly evolving E2W sector, including segments like electric scooters across key regions. It examines various aspects, such as electric drive systems for two-wheelers, and analyzes markets from North America to Asia-Pacific, with a special focus on emerging markets like the electric two-wheeler market in India.

Stakeholders gain valuable insights through our detailed analysis of battery type variations, voltage specifications, and technological innovations in the electric 2-wheeler vehicle industry. The report, available as an easy-to-download PDF, provides in-depth coverage of global electric scooter market trends, EV two-wheeler adoption rates, and regional market dynamics. Our analysis supports strategic decision-making with comprehensive data on electric motorcycle developments in key markets, including Australia, Canada, France, Italy, Spain, and Japan. This makes it an essential tool for industry leaders and investors in the electric two-wheeler sector.

Electric Two-Wheeler Market Report Snapshots