Global Electric Two-Wheeler Market Report 2020, Covid-19 Impact, Industry Trends, Share, Size and Forecast Till 2025

The global electric two-wheeler market grew at a CAGR of nearly 10% during 2014-2019. Looking forward, the market is expected to continue its moderate growth during the next five years., according to a new report by IMARC Group.

Electric two-wheelers include motorcycles, scooters, bicycles, or mopeds that operate on battery-based electronic motors. They are light weight vehicles that consist of removable or replaceable batteries, which can be charged easily with electrical outlets.

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Market Trends

The global electric two-wheeler market is primarily driven by the growing awareness among consumers about various economic and ecological benefits of electric vehicles. Electric two-wheelers have gained immense popularity as an eco-friendly alternative to gasoline-powered vehicles for both regular commute and recreational activities. Besides this, the increasing pollution levels from fuel-based automobiles have encouraged the governments of various countries to implement stringent regulatory norms to adopt clean energy as an alternative to crude oil dependence. As a result, there has been a heightened demand for electric two-wheelers, which help reduce greenhouse gas emissions. Furthermore, a significant increase in the fuel rates and depleting fossil fuels resources, like petrol and diesel, have also boosted the sales of electric two-wheelers.

For more information about this report, visit: https://www.imarcgroup.com/electric-two-wheeler-market

Insights on Market Segmentation:

Breakup by Vehicle Type:

Electric Scooter/Moped
Electric Motorcycle

Breakup by Battery Type:

Lithium-Ion
Sealed Lead Acid (SLA)

Breakup by Battery Technology:

Removable
Non-Removable

Breakup by Motor Placement:

Hub Type
Chassis Mounted

Breakup by Region:

Asia Pacific
Europe
North America
Latin America
Middle East and Africa

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This release was published on openPR.