Press release
Electric Scooter and Motorcycle Market Value to Reach 14.7 USD Billion by 2028, at a CAGR of 24.8%
The global electric scooter and motorcycle market, by value, is estimated to be 4.9 USD Billion in 2023 and is projected to reach 14.7 USD Billion by 2028, at a CAGR of 24.8% from 2023 to 2028. Electric scooter and electric motorcycle market growth would be supported by favourable government policies for electric two-wheelers through subsidies and tax refunds and development towards charging infrastructure in collaboration with OEMs in the near future.Download a Free Sample Copy of the Global Electric Scooter and Motorcycle Market Research Report at https://www.reportsnreports.com/contacts/requestsample.aspx?name=2386513
The electric scooter and motorcycle market refers to the global industry that produces and sells two-wheeled vehicles powered by electric motors. Electric scooters and motorcycles are becoming increasingly popular due to their environmental friendliness, low operating costs, and ease of use.
The global electric scooter and motorcycle market is expected to grow significantly in the coming years due to the increasing demand for sustainable transportation solutions and government initiatives to promote the use of electric vehicles. The market is segmented into e-scooters, e-motorcycles, and e-bikes, with e-scooters being the most popular segment.
The Asia-Pacific region is currently the largest market for electric scooters and motorcycles due to the high demand from countries such as China, India, and Vietnam. Europe is also a significant market for electric scooters and motorcycles due to the region's strong focus on sustainability and renewable energy.
The electric scooter and motorcycle market comprises major companies such Yadea Technology Group Co.,Ltd. (China), Jiangsu Xinri E-Vehicle Co., Ltd (China), NIU International (China), Hero Electric (India), and Okinawa AutotechInternationall Private Limited (India). These companies are investing heavily in research and development to develop new and improved electric vehicles that can meet the growing demand for sustainable transportation solutions.
Direct Purchase of the Global Electric Scooter and Motorcycle Market Research Report at https://www.reportsnreports.com/purchase.aspx?name=2386513
The industry is also seeing significant investment in infrastructure development to improve the accessibility and convenience of electric scooters and motorcycles. This includes the establishment of new charging networks, the development of smart charging solutions, and the integration of electric vehicles with public transportation systems.
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