Europe Electric Scooters and Motorcycles Market to Grow at a Healthy 27.6% Value CAGR Throughout 2025

Environmental degeneration by greenhouse gas (GHG) emissions has become a key concern for the European governments, which has resulted in several initiatives to cut down the emissions. For instance, 1,095 million tons of carbon dioxide (CO2) were released from automobiles in Europe in 2017. Such huge amount of exhaust fumes from vehicles, including motorcycles and scooters, is amplifying concerns regarding environmental degradation, thereby, coercing governments to promote electric mobility and implement stiff emission control norms. To reduce the emissions, Europe is observing a widescale adoption of electric two-wheelers for personal usage.

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Moreover, rising penetration of scooter sharing services will fuel the European electric scooters and motorcycles market at 27.6% CAGR during 2020–2025. The market was valued at $284.2 million in 2019, which is projected to reach $758.5 million by 2025. At present, nearly 50 scooter sharing service providers are operating in more than 50 European cities. Among European nations, France and Italy have the largest number of electric scooters in sharing fleets. For example, France and Italy had around 2,560 and 1,225 electric scooters, respectively, in their sharing fleets, in 2019.

Due to the increasing shift toward energy-efficient vehicles, the market players have also started offering electric two-wheelers on e-commerce platforms. It is more convenient for sellers and buyers to execute transactions through the online mode. Moreover, the e-commerce platforms assist manufacturers in enhancing their customer reach and enable users to gain access to an array of brands. For example, Yadea sells its electric scooter models YD-EM05 and YD1200D-01 through online platforms named sklep.auto-kowalczyk.pl. and en.makepolo.com, which helps users see and compare the technical intricacies of the vehicles.

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In recent years, Europe has shown greater affinity toward electric scooters, as these electric vehicles (EVs) are easy to ride, lightweight, faster, and practical than cars in dense traffic. Moreover, the price of electric scooters is less than that of electric motorcycles and cars. The customers of Europe are preferring electric two-wheelers that have speed greater than 80 km/h. The high-speed electric scooters and motorcycles help in reducing the travel time during office hours.

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This release was published on openPR.