Exploring the Europe Electric Scooters and Motorcycles Market for Sustainable Transportation Solutions

The electric scooters and motorcycles market in Europe is experiencing growth. The major reasons behind the growth of the market are the increasing traffic jams in key European countries, armed with the rising concerns about the emissions of GHG forcing the governments to take appropriate actions and distribution of electric scooters for sharing services, as per the report of P&S Intelligence.

The scooter category is projected to lead the industry in the coming few years. Such EVs are practical, easy to ride, lightweight, and faster than cars in some cases, including heavy traffic. Furthermore, the price of e-scooters is lesser than that of e-cars and motorcycles.

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On the basis of voltage, the 72 V battery category is projected to experience the highest growth rate in the future. This can be credited to the fact that the customer is leaning more toward 72-V batteries because of the increasing demand for high-speed vehicles.

The European electric scooters and motorcycles market is segmented into Li-ion and sealed lead-acid batteries. Among these Li-ion batteries have led the industry in the past few years, and Li-ion batteries are also projected to continue with the leading spot in the future as well. This is mainly because of the increasing demand for long-range, high-power two-wheelers, armed with reduced prices of such batteries.

In the coming years, the Removable category is projected to grow at the fastest pace, on the bases of battery charging mode. This is due to charging the two-wheelers becoming simpler and faster with a removable battery. Furthermore, these batteries are more lucrative than non-removable ones.

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France generated the highest revenue share in the market in the past few years. This can be ascribed to the increasing demand for EVs in the region to decrease the release of injurious gases. Furthermore, Spain is projected to experience the highest growth rate in the market in the future, on the basis of value.

This would be because of the increasing need for EVs, which is gaining the attention of electric two-wheeler producers and mobility businesses to set up production amenities and enter the scooter-sharing business in the nation, respectively. Moreover, several government steps to simplify the shift of customers away from conventional two-wheelers to electric variants are boosting the market growth in Spain.

Hence, the increasing traffic jams in key European countries, coupled with the rising concerns about the emissions of GHG are the major reasons that will drive the electric scooters and motorcycles market in the future.

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This release was published on openPR.