Press release
Electric Two-Wheelers Market to Reach USD 26.9 Billion by 2035, Driven by Lithium-Ion Batteries and Smart Urban Mobility
Electric Two-Wheelers Market to Reach USD 26.9 Billion by 2035, Driven by Lithium-Ion Batteries and Smart Urban Mobility
This rapid growth is fueled by the dominance of lithium-ion batteries, government subsidies and tax incentives, and the increasing adoption of connected, eco-friendly scooters and motorcycles for sustainable urban transport.
MarketGenics highlights the electric two-wheelers sector as a critical enabler of affordable, clean, and digitally connected last-mile mobility in the era of climate targets and smart city programs.
Get the Detailed Industry Analysis (including the Table of Contents, List of Figures, and List of Tables) - from the Electric Two-Wheelers Market Research Report: https://marketgenics.co/press-releases/electric-two-wheelers-market-20698
Recent Developments Shaping the Market
Ola Electric Unveils Gen 3 Modular Platform
In January 2025, Ola Electric introduced its third-generation scooter platform featuring integrated battery and motor design, enhancing performance by 26% and cutting costs by 20%. The platform underpins new models S2 and S3 and supports Ola's expansion to 2,000 retail stores.
Suzuki Launches e-Access Electric Scooter
In May 2025, Suzuki Motorcycle India rolled out its first electric scooter, the e-Access, marking its entry into India's competitive e-scooter market alongside incumbents like Ather and Ola.
TVS Expands EV Portfolio
In October 2024, TVS Motor announced plans for a new electric two-wheeler launch in 2025, adding to its successful iQube and X series and reinforcing its EV positioning.
Battery Swapping and Charging Infrastructure
Hero MotoCorp partnered with Gogoro to introduce battery-swapping stations in India, while Ola expanded its Hypercharger Network targeting 100,000 chargers in 400 cities - both initiatives addressing range anxiety and charging convenience.
Electric Two-Wheelers Market Forecast 2035
The market is set to create an incremental opportunity of USD 22.4 billion between 2025 and 2035.
Asia-Pacific will remain the largest and fastest-growing market, driven by urban density, traffic congestion, strong policy incentives (India's FAME II, China's Green Vehicle Credit), and domestic EV OEM leadership.
North America will expand through premium e-motorcycles like Harley-Davidson's LiveWire, supported by tax credits under the U.S. Inflation Reduction Act.
Europe will grow steadily, propelled by emission-reduction targets and city-level adoption of e-scooters for last-mile connectivity.
By 2035, electric two-wheelers will dominate the personal urban mobility landscape, replacing internal combustion scooters as the cost of ownership declines and connected features become standard.
To know more about the Electric Two-Wheelers Market - Download our Sample Report: https://marketgenics.co/download-report-sample/electric-two-wheelers-market-20698
Key Drivers, Challenges, and Opportunities
Driver - Government Incentives and Policy Push
Policies like India's Electric Mobility Promotion Scheme 2024 (supporting 3.7 lakh scooters in four months), FAME II subsidies, and EU's Fit for 55 Package are accelerating adoption. Incentives lower upfront costs and create confidence among consumers and investors.
Driver - Advancements in Battery Technology
Lithium-ion batteries (78% market share in 2025) dominate due to energy density, lightweight design, and fast charging. Solid-state developments promise further breakthroughs. Ola and Ather have integrated fast-charging Li-ion packs into their scooters, offering 150-180 km per charge.
Restraint - Inadequate Charging Infrastructure
Emerging economies face infrastructure gaps - semi-urban and rural regions lack public charging and swap facilities, limiting adoption. Range anxiety remains a major barrier.
Opportunity - Smart City and Renewable Integration
Smart mobility initiatives, renewable-powered charging networks, and battery-as-a-service platforms create new revenue streams and accelerate ecosystem development. Delhi, for example, has committed to installing EV chargers every 5 km as part of its EV roadmap.
Key Trend - Connected and IoT-Enabled Electric Two-Wheelers
Smart dashboards, geo-fencing, ride analytics, OTA updates, and remote diagnostics are becoming standard. Models like the Ola S1 Pro, Ather 450X, and Hero Vida V1 integrate IoT-driven features for fleet management and personalization.
With the spread of 5G and cloud services, connected electric scooters are evolving into digital lifestyle products rather than mere vehicles.
Buy Now: https://marketgenics.co/buy/electric-two-wheelers-market-20698
Segmental Insights
Lithium-Ion Batteries Lead (~78% share)
Li-ion packs dominate due to performance, fast charging, and lifecycle benefits over lead-acid and NiMH. Local production and incentives under India's PLI scheme for advanced chemistry cells further reinforce growth.
Applications - Last-Mile and Shared Mobility
Rising adoption for delivery fleets, ride-sharing, and private commuting makes electric scooters the preferred choice for urban mobility.
Distribution - Omni-Channel Expansion
Direct-to-consumer online channels, combined with dealership networks (e.g., Ola's retail rollout), are improving access and accelerating sales penetration.
Regional Highlights
Asia-Pacific: Dominates adoption with India, China, Taiwan, and Vietnam leading. Subsidies, domestic OEMs (Ola, NIU, Yadea, Ather), and swapping networks (Gogoro) drive uptake.
North America: Premium electric motorcycle adoption aided by U.S. tax credits.
Europe: Expansion tied to emission compliance and micromobility integration.
Middle East & Africa / South America: Emerging demand constrained by infrastructure gaps, but expected to grow as urban mobility reforms advance.
Competitive Landscape
The electric two-wheelers market is moderately consolidated, with the top five players controlling ~65% share in 2025.
Tier 1 Leaders: Ola Electric, TVS Motor, Hero MotoCorp, Suzuki, Yadea, NIU, AIMA.
Tier 2 & Niche Players: Ather Energy, Pure EV, Silence Urban Ecomobility, Gogoro, Luyuan, Sunra, TAILG.
Competition is intensifying around battery performance, charging/swapping networks, modular platforms, and IoT integration.
Get a preview of our Electric Two-Wheelers Market Playbook - your guide to GTM strategy, competitive intelligence, supplier dynamics, and Consumer Behavior Analysis: https://marketgenics.co/playbook/electric-two-wheelers-market-20698
Future Outlook
By 2035, electric two-wheelers will become the default mode of urban transport, supported by:
Battery swapping networks for uninterrupted operations.
Smart connected features for personalized and fleet-level mobility.
Lightweight EV components and digital platforms integrating charging, fleet, and payments.
Policy-driven decarbonization, ensuring EV adoption aligns with climate goals.
The convergence of batteries, connectivity, and policy will position electric two-wheelers as the backbone of smart mobility ecosystems in Asia and globally.
Prominent Companies Operating in the Global Electric Two-Wheelers Market:
Ola Electric, TVS Motor Company, Hero MotoCorp, Suzuki Motorcycle India, Ather Energy, Gogoro, NIU Technologies, Yadea Group, AIMA Technology Group, TAILG Electric Vehicle, Sunra, Luyuan Electric Vehicle, Pure EV, Silence Urban Ecomobility, and other key regional players.
About Us
MarketGenics is a global market research and management consulting company empowering decision makers across healthcare, technology, and policy domains. Our mission is to deliver granular market intelligence combined with strategic foresight to accelerate sustainable growth.
We support clients across strategy development, product innovation, healthcare infrastructure, and digital transformation.
Contact:
Mr. Debashish Roy
MarketGenics India Pvt. Ltd.
800 N King Street, Suite 304 #4208, Wilmington, DE 19801, United States
USA: +1 (302) 303-2617
Email: sales@marketgenics.co
Website: https://marketgenics.co
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