Electric Motorcycles and Scooters

Electric Motorcycles and Scooters
Summary
The electric power two-wheel (e-PTW) vehicle industry is expected to achieve stable and continuous growth during the coming years as several large OEMs enter the market and decreasing battery costs make products more affordable. In the electric scooter (e-scooter) market, e-scooter battery-swapping startup Gogoro is offering its customers a battery swapping network to reduce the cost of buying a vehicle. Meanwhile, the acquisition of Brammo by Polaris Industries may have kick-started the entrance of large market players into the electric motorcycle (e-motorcycle) market.
The e-PTW market is led by China, where most of the world?s e-motorcycles and e-scooters are sold. However, restrictive congestion/emissions policies and lower-than-expected GDP growth are reducing demand in China. Consequently, manufacturers are moving to the e-motorcycle and e-scooter markets in neighboring emerging economies. New products and key industry players continue to enter the market in various regions of the world and cities are becoming increasingly congested with traffic, leading to new e-PTW sales. Yet, e-PTWs face challenges as well, including high purchase prices, limited vehicle availability, and low gasoline prices. According to Navigant Research, global annual sales of e-motorcycles are expected to grow from 1.2 million vehicles in 2015 to 1.5 million in 2024, while sales of e-scooters are expected to grow from 4.1 million to over 4.4 million.
This Navigant Research report examines the global markets for high-powered and low-powered e-motorcycles, e-scooters, and the related battery technologies. The study provides an analysis of the key market drivers, barriers, and technology issues related to e-PTWs, as well as the impact of incentives. Global forecasts for e-PTWs and the batteries used in the vehicles, segmented by region, technology, and internal combustion engine (ICE) motor size equivalent, extend through 2024. The report also examines the market for gasoline motorcycles and scooters, battery market issues, the effect of electric vehicle (EV) charging equipment, and major industry players.