openPR Logo
Press release

North America Electric Scooters and Motorcycles Market Will Reach USD 2,348 Million by 2030

01-23-2023 05:34 AM CET | Logistics & Transport

Press release from: P&S Intelligence

The North American electric scooters and motorcycles market was valued at USD 620 million in 2022, and this number is expected to reach USD 2,348 million by 2030, advancing at a CAGR of 18.10% during 2022-2030, according to P&S Intelligence.

This development can be ascribed to supportive government initiatives, from both federal and state levels. To encourage the acceptance of electric vehicles, the government is offering tax rebates and subsidies on the purchase of EVs. In addition, non-monetary subsidies, including licensing benefits, also the provision of separate lanes are boosting the acceptance of battery-operated two-wheelers in the continent.

To receive free sample pages of this report@

In 2022, the U.S. had the larger share of 83%, based on value in North American electric scooters and motorcycles market, mainly because of the rapid acceptance of electric vehicle technologies in the nation. The country's government is helping in the purchasing of EVs by offering incentives and rebates, to decrease CO2 releases from gasoline-based vehicles. Furthermore, the new trend of using kick scooters for last-mile connectivity in numerous towns has contributed to market growth.

In 2022, the electric kick scooters category led the industry by selling maximum units with 63% market share, credited to their significant acceptance in sharing fleets. Producers have launched a large number of these scooters in the past few years as they are eco-friendly, easy to use, and economical. Moreover, they have lesser functioning costs than other automobiles, which indeed is contributing to their high acceptance in sharing fleets.

Inquire before purchase@

In 2022, scooters and motorcycles with a less-than-5kWh battery capacity were reported for approximately 83% market share. This is mainly because of snowballing number of these scooters in the city, particularly kick scooters, as part of sharing services, in the continent. Such two-wheelers have a more compact battery pack than motorcycles, which makes the whole vehicle compact and easy to use.

Hence, in order to encourage the acceptance of electric vehicles, the government is offering tax rebates and subsidies on the purchase of EVs in the region, which eventually will drive the North American electric scooters and motorcycles industry in the future as well.

About P&S Intelligence

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.

P&S Intelligence
Phone: +1-347-960-6455

This release was published on openPR.

Permanent link to this press release:

Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release North America Electric Scooters and Motorcycles Market Will Reach USD 2,348 Million by 2030 here

News-ID: 2894554 • Views: 279

More Releases from P&S Intelligence

Digital Health Market To Reach USD 783,848.2 Million by 2030
The digital health market will make USD 183,517.9 million in 2022, and it will reach USD 783,848.2 million by 2030, pushing at a rate of 19.90% in the years to come, as per a market research company, P&S Intelligence. Telemedicine had a momentous market share in the recent past. Telehealth services are highly demanded because of the increasing requirement for dependable fitness and health monitoring, management of population immediately, and secure
Smart Home Healthcare Market To Reach USD 97,148 Million by 2030
The smart home healthcare market had a total size of USD 13,652 million in 2022, and it will grow at a rate of 27.8% in the coming years to touch USD 97,148 million by 2030, as told by P&S Intelligence, a market research institution. The services category will grow at a highest rate of 29.2% in the years to come. This has a lot to do with the increasing need
Surgical Retractors Market Trends, Business Strategies, Regional Outlook, Challe …
The surgical retractors industry has garnered $1,719.2 million revenue in 2021, and it is projected to generate $3,088.8 million in 2030, advancing at a rate of 6.7% from 2021 to 2030. It is ascribed to increasing incidences of chronic diseases, a rising geriatric population, and a worldwide growing preference toward minimally invasive surgeries. For instance, heart and lung diseases are the major areas of health concern in India, which results in
Clinical Trials Outsourcing Market To Reach USD 75,573.4 Million by 2030 | CAGR …
The revenue generated by clinical trials outsourcing market was USD 40,428.4 million in 2021, and it will power at a rate of 7.2% in the years to come, to touch USD 75,573.4 million by 2030. In the recent past, phase 3 clinical trials dominated the industry with over 36% share. Because of an enormous clinical trial in the phase 3 stage and the increased possibilities of failure in clearing this phase,

All 5 Releases

More Releases for North

North America Epoxy Composites Market
North America Epoxy Composites Market, By Type (Glass Fiber, Cotton Fiber, Paper Fiber), Resin Type (Epoxy Resin, Phenolic Resin, Melamine Resin), Manufacturing Process (Layup Process, Compression Molding Process, Resin Injection Molding Process, Resin Transfer Molding Process, Filament Winding Process, Pultrusion Process), End User (Wind Energy, Aerospace and Defense, Sporting Goods, Automotive and Transportation, Electrical and Electronics, Pipe and Tank, Marine, Others), Country (U.S., Mexico, Canada) Industry Trends and Forecast to
North America Drone Simulator industry report - North America Drone Simulator Ma …
The drone simulator market in North America is expected to reach US$ 535.17 million by 2028 from US$ 251.38 million in 2021; it is estimated to grow at a CAGR of 11.4% from 2021 to 2028. The latest North America Drone Simulator Market study offers an all-inclusive analysis of the major strategies, corporate models, and market shares of the most noticeable players in this market. The study offers a thorough analysis
UberJets Helping People Get North!
In 2022 consumers have the freedom to purchase, order, or reserve, practically anything with a click of a button. Buying has never been more transparent through the utilization of mobile app technology. Typically, users can perform tasks such as book a hotel or purchase game tickets all from an app; so it only makes sense that one can order a private aircraft to get to anywhere, and anytime using the
02-07-2020 | Health & Medicine
North America Apnea Monitors Market : North America Opportunity Analysis and Ind …
CRIFAX has recently announced its latest research report on 'North America Apnea Monitors Market, 2020-2028' to its database of market research collaterals consisting of overall market scenario with prevalent and future growth prospects, among other growth strategies used by key players to stay ahead of the game. Additionally, recent trends, mergers and acquisitions, region-wise growth analysis along with challenges that are affecting the growth of the market are also stated
North America Footwear Market -Consumers In North America Are More Inclined Towa …
In the last couple of years, North America has emerged at the forefront of the fashion and sports apparel industry. Not only has easy and uninterrupted internet access bolstered consumer awareness regarding the latest buzz in the fashion scenario, but it has also helped them shop for the products they want with a simple touch of their fingers on their smartphones or tablets. The developed countries in the region such
Electrical Fuses Market: Production Enterprise To Become Main Application Phase …
The North America electrical fuses market is likely to witness the advent of more compact and slimmer electronics with leading players vying to cater to ever-changing consumer preferences. The development of the latest technologies and innovation have thus emerged as the most defining trends in the market. The electrical fuses market in North America is primarily driven by the rising demand for electricity and efficient power delivery systems. Besides this,