Electric Scooter and Motorcycle Market to be Worth $13,864.0 Million by 2025

More than 235 million people are living asthma, while over 3 million die of chronic obstructive pulmonary disease (COPD) each year, says the World Health Organization (WHO). Both these respiratory diseases and many more have air pollution as a leading cause, which is itself the creation of humans. Every day, thousands of tons of toxic gases are expelled into the atmosphere by industries, homes, and vehicles. This has stirred the conscience of people, who are now increasingly taking steps to minimize the carbon and other harmful emissions as much as possible.

In the transport sector, efforts are being stepped up to encourage and impel people to adopt clean mobility. This is the primary reason for the growth of the electric scooter and motorcycle market, which is projected to reach $13,864.0 million by 2025, at a 7.3% CAGR during 2018–2025 (forecast period). Being propelled only by an electric motor and battery, instead of an internal combustion engine, burning gasoline or diesel, such two-wheelers release no harmful gases into the environment, which is why governments around the world are pushing for their usage.

The research offers the market size of the global electric scooter and motorcycle market for the period 2013–2025.

Request to Get the Sample Report@ https://www.psmarketresearch.com/market-analysis/electric-scooter-and-motorcycle-market/report-sample

Market Segmentation by Product
Scooter
Motorcycle

Market Segmentation by Battery Type
Sealed lead acid (SLA)
Lithium-ion (Li-ion)

Market Segmentation by Voltage
36 V
48 V
60 V
Others (Primarily includes 24 V and 72 V)

Market Segmentation by Technology
Plug-in
Battery

Speak to Analyst: https://www.psmarketresearch.com/speak-analyst/electric-scooter-and-motorcycle-market

Currently, Asia-Pacific (APAC) is the largest electric scooter and motorcycle market, led by China, where the air pollution levels are exceptionally high. This is why the administration is giving a strong push to clean vehicles, with financial incentives and tax rebates. Same is the case with India, where, as part of the Faster Adoption and Manufacturing of (Hybrid &) Electric Vehicles (FAME II) scheme, the government has invested $1,460 million (INR 10,000 crore) to bring 1,500,000 electric vehicles on the roads by March 2022.

Thus, with people doing their bit for the environment, and ultimately, themselves, the sale of electric scooters and motorcycles is set to skyrocket in the coming years.

Contact: P&S Intelligence
International: +1-347-960-6455
Email: enquiry@psmarketresearch.com
Web: https://www.psmarketresearch.com
Blog: http://psintelligence.blogspot.com/

About P&S Intelligence
P&S Intelligence is a provider of market research and consulting services catering to the market information needs of burgeoning industries across the world. Providing the plinth of market intelligence, P&S as an enterprising research and consulting company, believes in providing thorough landscape analyses on the ever-changing market scenario, to empower companies to make informed decisions and base their business strategies with astuteness.

This release was published on openPR.