Press release
European Electric Scooters and Motorcycles Market Size and Demand Forecast 2025
The amount of greenhouse gas (GHG) emissions in Europe rose from 1,080 million tons in 2016 to 1,095 million tons in 2017. As a result, the European electric scooters and motorcycles market size, which stood at $284.2 million in 2019, is projected to increase to $758.5 million by 2025, at a 27.6% CAGR during 2020-2025, according to the market research report published by P&S Intelligence.Europe Electric Scooters and Motorcycles Market Overview@ https://www.psmarketresearch.com/market-analysis/europe-electric-scooters-and-motorcycles-market
This is because, concerned at the rapid degradation of the environment, the European Union (EU) and governments in individual countries have started implementing stringent emission regulations. Moreover, the European electric scooters and motorcycles market is being driven by the government initiatives to encourage people to switch to green mobility. For instance, the government of Italy has set aside $11.34 million (EUR 10 million) to offer subsidies on the purchase of electric scooters.
Key Highlights of Electric Scooters and Motorcycles Market in Europe
• Electric scooters continue to witness highest adoption in Europe
• Electric two-wheelers with a >80-km/h maximum speed witnessing rising demand
• Government initiatives key driver for electric scooter and motorcycle sales in continent
• France largest hub for electric two-wheelers in Europe
• Market has consolidated nature
• Automakers launching new vehicle models for higher revenue
In the coming years, the high-powered motorcycle category, under the product segment of the European electric scooters and motorcycles market, is predicted to witness the fastest growth. With time, European residents have begun opting for electric vehicles (EVs) that offer a higher motor power and greater speed.
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In the years to come, electric scooters and motorcycles with lithium-ion batteries are expected to witness the higher sales value CAGR, of 27.8%, in Europe. This is because these batteries can carry more charge per volume, which offers the vehicle a longer driving range. Moreover, the cost of these batteries is declining, they are lighter, and their disposal has few associated environmental concerns.
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P&S Intelligence provides market research and consulting services to a vast array of industries across the world. As an enterprising research and consulting company, P&S believes in providing thorough insights on the ever-changing market scenario, to empower companies to make informed decisions and base their business strategies with astuteness. P&S keeps the interest of its clients at heart, which is why the insights we provide are both honest and accurate. Our long list of satisfied clients includes entry-level firms as well as multi-million-dollar businesses and government agencies.
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