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North America Electric Scooters and Motorcycles Market - Size, Share, Development, Growth and Demand Forecast, 2013-2025
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The North American government support in the form of subsidies and tax rebates is benefiting the sales of electric two-wheelers. There are various state level subsidies in the U.S., often in the form of tax rebates on the purchase of electric scooters and motorcycles. For instance, in Pennsylvania $500 tax rebate is available on the purchase of electric scooters and motorcycles. In Massachusetts and California, there are rebates of $750 and $900 respectively on the purchase of electric motorcycles. The Canadian government is developing a national strategy to increase the number of zero-emission vehicles (ZEVS) on Canadian roads by 2018 and reduce the country’s greenhouse gas emission effects.
The North American electric two-wheelers market has been experiencing a rising trend, since the electric version of bikes is gaining traction among aging baby boomers (typical age between 45-65 years) and urban millennials. These two wheelers have various advantages such as no specific requirement for license or insurance, free parking, and minimal maintenance cost.
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In contrast to emerging economies such as China and India, the North American electric scooters and motorcycles market is characterised by low volume premium two-wheelers. Low prominence of two-wheelers in transportation (especially in the U.S.) has restricted the sales of electric two-wheelers to the affluent class, which buy only high-end or sports motorcycles in low numbers restricting the mass production and sales of electric two-wheelers in the region.
Alta Motors (formerly known as BRD Motorcycles) and Zero Motorcycles are important U.S. based electric motorcycle manufacturers. The global players are entering the U.S. market to cater to the growing demand for electric scooters and motorcycles in the country. For instance, BMW's motorcycle division is bringing the updated version of its C evolution electric scooter to the U.S. In September 2015, Mahindra & Mahindra launched its electric scooter Gen Ze in the U.S. market.
Browse Some Related Research
China Electric Scooters and Motorcycles Market - www.psmarketresearch.com/market-analysis/china-electric-scooters-and-motorcycles-market
India Electric Scooters and Motorcycles Market - www.psmarketresearch.com/market-analysis/india-electric-scooter-and-motorcycle-market
Asia-Pacific Electric Scooters and Motorcycles Market - www.psmarketresearch.com/market-analysis/asia-pacific-electric-scooters-and-motorcycles-market
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