Electric Scooter and Motorcycle Market Trends, Size, Share and Forecast | 2034

Electric Scooter and Motorcycle Market Outlook

According to the report by Expert Market Research (EMR), the global electric scooter and motorcycle market size reached approximately 1,697.67 thousand units in 2024. Aided by increasing environmental concerns, advancements in battery technology, and government incentives promoting electric mobility, the market is projected to further grow at a CAGR of 35% between 2025 and 2034 to reach a volume of around 25,285.23 thousand units by 2034.

Electric scooters and motorcycles are gaining popularity as sustainable alternatives to traditional gasoline-powered two-wheelers. These vehicles utilize electric power for propulsion, reducing carbon emissions and reliance on fossil fuels. With the rising global emphasis on clean energy solutions, the adoption of electric scooters and motorcycles has accelerated, driven by technological innovations, cost reductions, and infrastructure developments.

Key Market Drivers

The growing emphasis on sustainability and stringent emission regulations have significantly contributed to the expansion of the electric scooter and motorcycle market. Governments across the world are implementing policies to reduce carbon footprints, leading to subsidies, tax benefits, and incentives for electric vehicle (EV) manufacturers and consumers.

The increasing fuel prices and the lower operational costs of electric two-wheelers compared to conventional vehicles further propel the market growth. Consumers are increasingly recognizing the long-term cost benefits of electric scooters and motorcycles, particularly in urban areas where short-distance commuting is prevalent.

Advancements in battery technology, including improvements in lithium-ion batteries, have enhanced the performance and range of electric two-wheelers. Fast-charging capabilities, higher energy densities, and longer lifespans of batteries have addressed major concerns related to EV adoption, making electric scooters and motorcycles more viable for daily commutes.

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Expanding Applications and Market Opportunities

The rise of shared mobility solutions and the increasing adoption of electric two-wheelers in ride-hailing services present significant growth opportunities. With the expansion of urbanization and the rising demand for convenient and cost-effective transportation options, electric scooters and motorcycles are becoming integral to shared mobility platforms.

Moreover, major two-wheeler manufacturers and new entrants are investing heavily in the development of high-performance electric motorcycles, catering to the demand for electric sports bikes and premium segment vehicles. The introduction of smart connectivity features, including IoT-enabled tracking systems and AI-based performance monitoring, is further enhancing the appeal of electric two-wheelers.

The integration of swappable battery technology is emerging as a game-changer, addressing concerns related to charging infrastructure. Battery-swapping stations enable users to replace depleted batteries with fully charged ones in minutes, reducing downtime and enhancing convenience.

Electric Scooter and Motorcycle Market Segmentation

The market can be divided based on product, battery type, technology, voltage, and region.

Market Breakup by Product  

• Scooter
• Motorcycle

Market Breakup by Battery Type

• Sealed Lead Acid (SLA)
• Li-ion
• Ni-MH

Market Breakup by Technology

• Plug-in
• Battery

Market Breakup by Voltage

• 36 V
• 48 V
• 60 V
• Others

Market Breakup by Region

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East and Africa

Competitive Landscape

The EMR report looks into the market shares, plant turnarounds, capacities, investments, and mergers and acquisitions, among other major developments, of the leading companies operating in the global electric scooter and motorcycle market. Some of the major players explored in the report by Expert Market Research are as follows:

• Yadea Technology Group Co., Ltd.
• Bayerische Motoren Werke Aktiengesellschaft
• Terra Motors Corporation
• Greaves Cotton Limited
• Energica Motor Company SpA
• Zero Motorcycles, Inc.
• Others

Challenges and Constraints

Despite its growth potential, the global electric scooter and motorcycle market faces several challenges. The limited charging infrastructure in many regions remains a critical barrier to mass adoption. While government initiatives are promoting the development of charging networks, the expansion remains gradual.

High initial costs associated with electric two-wheelers compared to conventional motorcycles pose another challenge. Although long-term savings on fuel and maintenance offset these costs, affordability remains a concern for price-sensitive consumers, particularly in developing economies.

Battery disposal and recycling challenges also require attention. The environmental impact of lithium-ion battery disposal raises sustainability concerns, prompting research into eco-friendly battery solutions and efficient recycling methods.

Future Trends and Innovations

The future of the electric scooter and motorcycle market is expected to witness significant technological advancements. The adoption of solid-state batteries, which offer higher energy efficiency and safety, is likely to redefine the industry landscape. These batteries provide greater range and faster charging times compared to conventional lithium-ion batteries.

Autonomous and AI-powered electric two-wheelers are anticipated to gain traction, with self-balancing technology and intelligent navigation systems enhancing safety and user experience. Additionally, the integration of vehicle-to-grid (V2G) technology will allow electric two-wheelers to contribute to energy grids, promoting energy efficiency and grid stability.

Manufacturers are also focusing on sustainable production methods, utilizing recycled materials and renewable energy sources in manufacturing processes. As governments intensify regulations on vehicle emissions and sustainability, market players will need to prioritize eco-friendly innovations.