Press release
Electric Scooters Market is Driven by Rising Price of Petroleum Products and Time-Efficient
The Electric Scooter market in North America is expected to grow at the fastest rate due to government initiatives and the growing high-performance E-Motorcycle segment. Asia Pacific is expected to grow steadily because of the high demand for energy-efficient and emission-free electric two-wheelers.
Growing environmental concerns, combined with a desire for lower commuting expenses, convenience, and pollution control, are driving the adoption of electronic vehicles around the world.
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Key Trends and Drivers:
Commuters are increasingly looking for convenient, time-efficient, and cheap forms of transportation to get to their destination due to rising traffic congestion and long commutes.
The rising price of petroleum products, most recently due to the Ukraine war will drive customers towards electric-powered auto options. Electric two-wheelers will significantly reduce operating costs of as electricity produced through renewable sources of energy becomes more cost-competitive.
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Market Segmentation:
Electric Scooter Market is segmented into By vehicle type, battery technology, technology, vehicle class and region. Based on vehicle type the market is categorized into Electric Motorcycles and E-scooters & Bikes. On the basis of battery technology, it is further segmented into Sealed Lead Acid, Lithium-ion and Lithium-ion Polymer. Based on technology it is further segmented into Plug-in and Battery. Based on vehicle class it is segmented into Economy and Luxury. Based on region it is divided into North America, Europe, Asia-Pacific, and the Rest of the World.
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Key Players:
The Electric Scooter Market Report includes players such as Hero Electric (India), Yadea Technology Group (China), NIU International (China), Mahindra GenZe (U.S), Ather Energy Pvt. Ltd. (India), Gogoro Inc. (Taiwan), Terra Motors Corporation (Japan), Okinawa Autotech (India), Vmoto Limited (Australia), and Torrot Group (Spain), among others.
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