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North America Electric Scooters and Motorcycles Market Research Report by Product (Scooter, Motorcycle), by Battery Type (Sealed Lead Acid, Li-ion, Ni-MH), by Voltage (36V, 24V, 48V), by Technology (by Plug-in, Battery), by Geography (U.S., Canada)

North America Electric Scooters and Motorcycles Market

North America Electric Scooters and Motorcycles Market

North America electric scooters and motorcycles market size valued at $202.5 million in 2016 and forecasted to reach $795.8 million by 2025, at a CAGR of 16.4%. The sales were led by the U.S., accounting for more than two-third of the North-American revenues, followed by Canada. Plug-in type electric two-wheelers are most preferred in this region, accounting for a majority of the total sales. Sealed lead acid battery powered two-wheelers account for a majority of sales in the region.

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The North American government support in the form of subsidies and tax rebates is benefiting the sales of electric two-wheelers. There are various state level subsidies in the U.S., often in the form of tax rebates on the purchase of electric scooters and motorcycles. For instance, in Pennsylvania $500 tax rebate is available on the purchase of electric scooters and motorcycles.

The North American electric two-wheelers market has been experiencing a rising trend, since the electric version of bikes is gaining traction among aging baby boomers (typical age between 45-65 years) and urban millennials.

In contrast to emerging economies such as China and India, the North American electric scooters and motorcycles market is characterised by low volume premium two-wheelers.

As plug-in type electric two-wheelers form a majority of sales in North American electric scooters and motorcycles market, the availability of sufficient recharging stations is important for the long-term growth of the market. Currently, the recharging stations in the region is unevenly spread, restricted to key cities. Sufficient recharging stations would be required in future to support the growth of electric scooters and motorcycles in the region.

Explore Detailed Research Report At: https://www.psmarketresearch.com/market-analysis/north-america-electric-scooters-and-motorcycles-market

Alta Motors (formerly known as BRD Motorcycles) and Zero Motorcycles are important U.S. based electric motorcycle manufacturers. The global players are entering the U.S. market to cater to the growing demand for electric scooters and motorcycles in the country. For instance, BMW's motorcycle division is bringing the updated version of its C evolution electric scooter to the U.S. In September 2015, Mahindra & Mahindra launched its electric scooter Gen Ze in the U.S. market.

About P&S Market Research

P&S Market Research is a market research company, which offers market research and consulting services for various geographies around the globe. We provide market research reports, industry forecasting reports, business intelligence, and research based consulting services across different industry/business verticals.

As one of the top growing market research agency, we’re keen upon providing market landscape and accurate forecasting. Our analysts and consultants are proficient with business intelligence and market analysis, through their interaction with leading companies of the concerned domain. We help our clients with B2B market research and assist them in identifying various windows of opportunity, and framing informed and customized business expansion strategies in different regions.

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