Global Electric Motorcycle and Scooter Market to Reach USD 67.5 Billion by 2035, Expanding at 5.5% CAGR | Transparency Market Research

According to the latest market analysis, the global electric motorcycle and scooter market was valued at US$ 36.9 billion in 2024 and is projected to reach US$ 67.5 billion by 2035, expanding at a CAGR of 5.5% from 2025 to 2035. The market is witnessing a major transformation as governments, manufacturers, and consumers collectively move toward cleaner, connected, and affordable mobility solutions.

Electric two-wheelers comprising motorcycles and scooters have rapidly evolved from niche, early-adopter products into mainstream mobility options. Their popularity is being reinforced by growing urbanization, advancements in lithium-ion battery technology, and favorable government incentives promoting sustainable transportation. The market's evolution is being further accelerated by the rising need to curb emissions, reduce fuel dependency, and ease urban traffic congestion.

With increasing emphasis on zero-emission transportation and improved charging infrastructure, electric motorcycles and scooters are emerging as a key enabler of smart city mobility. This press release provides a detailed analysis of market performance, growth drivers, trends, competitive landscape, opportunities, and the outlook for the next decade.

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Market Overview: The global electric motorcycle and scooter market stood at US$ 36.9 billion in 2024 and is forecasted to touch US$ 67.5 billion by 2035, growing at 5.5% CAGR between 2025 and 2035.

The Asia-Pacific region dominated the global market, accounting for 51% of total revenue in 2024, owing to its high population density, reliance on two-wheelers, and strong government support for electric mobility. The E-Scooter/Moped segment held the largest market share at 63%, driven by its affordability, agility, and suitability for short urban commutes.

The increasing demand from both individual commuters and last-mile delivery operators continues to fuel growth. With enhanced vehicle range, faster charging times, and reduced battery costs, electric two-wheelers are fast becoming the most efficient choice for personal and commercial mobility.

Key Drivers of Market Growth

1. Urbanization and Traffic Congestion
Rapid urbanization and growing traffic congestion have made daily commuting increasingly difficult in large cities. Electric scooters and motorcycles present a practical solution - compact, efficient, and easy to maneuver through congested roads. Governments in several regions are encouraging e-two-wheeler adoption through subsidies, urban mobility policies, and low-emission zone regulations.

2. Battery Technology Advancements
The evolution of lithium-ion and solid-state batteries has been a cornerstone of market growth. These technologies have improved range, reduced charging time, and enhanced performance. Moreover, developments in battery-swapping systems, regenerative braking, and thermal management are making electric two-wheelers more efficient and user-friendly.

3. Environmental and Economic Incentives
As countries implement stricter emission norms, consumers and businesses are increasingly opting for sustainable alternatives. Governments worldwide are offering purchase incentives, tax rebates, and charging infrastructure support to accelerate adoption.

4. Cost Efficiency and Fleet Demand
Falling battery prices and lower operational costs make electric two-wheelers attractive for commercial fleet operators, especially in the e-commerce and food delivery sectors. Fleet electrification is expected to be a significant growth engine for the market in the coming decade.

Latest Market Trends

• Connected and Smart Mobility: Integration of IoT, GPS tracking, and mobile app connectivity in e-scooters is redefining user experience and safety.
• Design-Oriented and Custom Models: Manufacturers are increasingly offering modern, stylish designs to appeal to young, urban buyers.
• Battery Swapping Networks: Companies like Gogoro and Hero Electric are introducing battery exchange stations, allowing riders to replace batteries in minutes.
• Emerging Solid-State Batteries: These promise higher energy density and faster charging, potentially revolutionizing electric mobility.
• Subscription and Sharing Models: The rise of electric scooter-sharing services in urban areas is expanding access and convenience for daily commuters.

Key Players and Industry Leaders

The global market is moderately consolidated, with major players such as:
• Yadea Technology Group Co., Ltd.
• Gogoro Inc.
• Hero MotoCorp Ltd.
• AIMA Technology Co., Ltd.
• Ola Electric
• Ampere Vehicles
• Ather Energy
• NIU International
• Vmoto Limited
• Piaggio Group
• Harley-Davidson (LiveWire)
• BMW Group
• Energica Motor Company

These industry leaders are focusing on innovation, partnerships, and production scale to meet growing consumer demand. Strategic alliances and product launches are defining the next wave of competition in the market.

Recent Developments

• October 2024 - BMW Group and TVS Motor Company launched the BMW CE 02, a futuristic electric vehicle that blends motorcycle and scooter design, offering a range of 108 km and a top speed of 95 km/h.

• May 2025 - Ampere Nexus, the flagship model from Greaves Electric Mobility, won the "Electric Scooter of the Year 2025" award for its innovation in affordable premium EV design.

• Hero MotoCorp announced expansion of its EV manufacturing capacity to meet growing domestic and export demand.

• Gogoro Inc. expanded its battery-swapping network across Southeast Asia, enhancing charging accessibility and convenience for users.
These developments reflect a market that is not only expanding in volume but also evolving rapidly in technology and consumer experience.

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Market Opportunities and Challenges

Opportunities
1. Fleet Electrification: Growing logistics and delivery services provide an excellent opportunity for electric scooters and mopeds.

2. Government Support: Subsidy programs, zero-emission mandates, and infrastructure investments will continue to boost adoption.

3. Rising Middle-Class Income: Emerging economies in Asia-Pacific and Latin America are expected to experience a surge in personal EV ownership.

4. Export Potential: Manufacturers in India and China are well-positioned to supply affordable electric two-wheelers globally.

Challenges
1. Limited Charging Infrastructure: Despite rapid growth, charging accessibility remains a key challenge in developing regions.

2. High Initial Costs: Though operational costs are lower, the upfront price of electric two-wheelers still deters some consumers.

3. Battery Disposal and Recycling: Environmental concerns around end-of-life battery management continue to be a hurdle for the industry.
Addressing these challenges through policy reforms, industry collaboration, and public-private partnerships will be vital for sustainable long-term growth.

Future Outlook

Analysts project that by 2035, the electric motorcycle and scooter market will become one of the largest segments of the electric vehicle ecosystem. The shift from fuel-powered to electric two-wheelers is expected to accelerate as technology improves and economies of scale reduce costs.

Asia-Pacific will continue to dominate global sales, led by India, China, and Vietnam, where electric two-wheelers have become the cornerstone of urban mobility. In parallel, Europe and North America will experience increasing adoption driven by environmental policies and consumer preference for sustainable transport.

The introduction of solid-state batteries, smart connectivity, and AI-based performance management systems will further revolutionize the market landscape. By 2035, electric motorcycles and scooters will not only be affordable and efficient but also fully integrated into the digital ecosystem of smart cities.

Market Segmentation Overview

The market is segmented by multiple categories:
• By Vehicle Type:
o E-Scooter/Moped
o E-Motorcycle

• By Battery Type:
o Sealed Lead Acid
o Lithium-Ion

• By Range:
o Below 75 Miles
o 75-100 Miles
o Above 100 Miles

• By Voltage:
o 36V, 48V, 60V, 72V, 98V

• By Technology:
o Plug-in
o Battery-Swapping

• By Vehicle Class:
o Economy
o Premium/Luxury

• By Region:
o North America (U.S., Canada)
o Europe (Germany, U.K., France, Italy, Spain)
o Asia-Pacific (China, India, Japan, South Korea, Vietnam)
o Latin America (Brazil, Mexico, Argentina)
o Middle East & Africa (GCC Countries, South Africa)

The E-Scooter/Moped category will continue to dominate, particularly in urban environments where affordability and ease of mobility are critical.

Why Buy This Report?

• Comprehensive Market Insights: The report provides detailed quantitative and qualitative analysis covering every major segment and region.

• Strategic Intelligence: Understand the growth drivers, emerging technologies, and key investment opportunities shaping the global e-two-wheeler market.

• Competitive Benchmarking: Access in-depth profiles of leading companies, their financials, product portfolios, and strategic initiatives.

• Forecast Accuracy: The report offers reliable projections through 2035, enabling informed decision-making for investors and stakeholders.

• Regional Focus: Detailed regional insights help identify high-growth markets and country-specific opportunities.

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