Electric Scooter and Motorcycle Market Dynamics Influenced by Technological Innovations and Regulatory Support for Electric Mobility

InsightAce Analytic Pvt. Ltd. announces the release of a market assessment report on the “Global Electric Scooter and Motorcycle Market Size, Share & Trends Analysis Report By Vehicle (E-Scooters/Mopeds & E-Motorcycles), Battery (Lead Acid & Li-Ion), Distance (below 75 miles, 75-1000 miles, and above 100 miles), Voltage (36V, 48V, 60V, 72V, Above 72V), Technology Usage(Private, Commercial), Vehicle Class (economy and luxury)- Market Outlook And Industry Analysis 2034″

The Global Electric Scooter and Motorcycle Market is estimated to reach over USD 33.5 Billion by the year 2034, exhibiting a CAGR of 21.2% during the forecast period. 

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The electric scooter and motorcycle market is witnessing strong growth, driven by factors such as increased government support for electric mobility, rising fuel costs, and growing consumer preference for environmentally sustainable transportation solutions. However, market expansion is tempered by high initial purchase prices and regulatory restrictions in select major cities, particularly in China.

Technological advancements in battery performance, coupled with improvements in charging infrastructure, are creating new opportunities for market participants. Governments worldwide are encouraging the adoption of low-emission vehicles through stringent emissions regulations, financial incentives—including subsidies and tax reductions—and the establishment of supportive policy frameworks.

For example, in June 2019, the Government of India reduced the Goods and Services Tax (GST) on electric vehicles, including electric scooters and motorcycles, from 12% to 5% to promote broader market adoption. Additionally, ongoing investments in research and development focused on high-performance electric two-wheelers, incorporating advanced components and innovative technologies, are expected to further propel market growth in the coming years.

List of Prominent Players in the Electric Scooter and Motorcycle Market:

• AIMA Technology Group Co. Ltd
• Alta Motors
• Ampere Vehicles Pvt Ltd (Greaves Cotton)
• Bell Custom Cycles
• Blacksmith Electric
• Electric Motion
• Energica Motor Company S.p.A
• Essence Motorcycles
• Govecs Group
• Harley Davidson
• Hero Eco Vehicles Pvt Ltd
• Honda Motors
• Husqvarna Motorcycles GmbH
• Jiangsu Xinri E Vehicle Co. Ltd.,
• Johammer e-mobility GmbH
• KTM AG
• Lightning Motorcycles
• NIU International,
• Okinawa Autotech Private Ltd.
• Yadea Technology Group Ltd.,

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Market Dynamics

Drivers:

Growing concerns regarding the environmental impact of fossil fuel-powered vehicles have led governments worldwide to implement policies aimed at reducing carbon emissions by promoting electric mobility solutions. This includes support for electric bicycles, scooters, motorcycles, and other light electric vehicles as sustainable alternatives for urban transportation. Numerous countries are investing in cycling-friendly infrastructure to encourage bicycle use as a primary commuting option.

Simultaneously, electric two-wheelers—including e-bikes, scooters, and motorcycles—are increasingly recognized for their efficiency, reliability, and potential to contribute significantly to emission reduction targets. To accelerate adoption, governments are offering financial incentives such as tax reductions and subsidies, supporting the transition toward electric mobility.

Challenges:

Despite positive market momentum, the high initial cost of electric scooters and motorcycles remains a key barrier to widespread adoption. Elevated prices, largely driven by advanced battery technologies and sophisticated electronic components, make electric two-wheelers less competitive compared to conventional vehicles delivering similar performance at lower costs.

Dependence on expensive lithium-ion batteries and complex motor systems further contributes to overall cost. Consequently, adoption rates outside China remain relatively limited, although ongoing technological advancements and economies of scale are expected to gradually mitigate these cost constraints over time.

Regional Trends:

The Asia-Pacific region is anticipated to maintain a leading position in the global electric scooter and motorcycle market throughout the forecast period. Key markets, including China, India, South Korea, and Japan, are expected to drive regional growth through supportive government policies and increased engagement from both emerging and established manufacturers.

For example, in 2021, the Taiwanese government provided subsidies of USD 900–1,000 for consumers purchasing electric two-wheelers, resulting in approximately 94,000 units sold, accounting for 11.9% of the total 809,000 scooters sold that year, with Gogoro Inc. contributing over 79,000 units. Taiwan has set a strategic objective for 70% of all new scooter sales to be electric by 2035, underscoring the region’s commitment to advancing sustainable urban mobility solutions.

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Recent Developments:

• In October 2022, KLB Komaki Pvt. Ltd., an electric scooter startup in India, debuted Venice Eco Electric, its eighth high-speed scooter, in the country. The scooter includes a TFT instrument cluster with navigational functions and a Lithium Ferro Phosphate battery that is said to lower fire risks.

Segmentation of Electric Scooter and Motorcycle Market-

By Vehicle Type-

• E-scooter
• E-Motorcycle

By Battery Type-

• Sealed lead acid,
• Lithium-ion

By Distance Covered-

• Below 75 miles,
• 75-1000 miles
• Above 100 miles

By Technology-

• Plug-in
• Battery

By Voltage-

• 36V,
• 48V,
• 60V,
• 72V,
• Above 72V

By Vehicle Class-

• Economy
• Luxury

By Usage-

• Commercial
• Private

By Region-

North America-

• The US
• Canada
• Mexico

Europe-

• Germany
• The UK
• France
• Italy
• Spain
• Rest of Europe

Asia-Pacific-

• China
• Japan
• India
• South Korea
• South East Asia
• Rest of Asia Pacific

Latin America-

• Brazil
• Argentina
• Rest of Latin America

 Middle East & Africa-

• GCC Countries
• South Africa
• Rest of Middle East and Africa

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Tags: Electric Scooter and Motorcycle Market