Electric Two-Wheeler Market 2025 Research Report By Battery Type (Sealed Lead Acid, Li-ion, Others), By Type (Electric Motorcycles, Electric Scooters), by Voltage (36V, 24V, 48V, More than 48V), and by Region- Global Forecast to 2034
May-2025 Formats | PDF | Category: Automotive | Delivery: 24 to 72 Hours
“The Electric Two-Wheeler Market is expected to expand from 75.69 Billion in 2025 to $ 144.18 Billion in 2034, with a compound annual growth rate of 7.36% “
Electric Two-Wheeler Market: Overview and Growth in the Upcoming Year
Due to consumer demand, the market for electric two-wheelers has been growing significantly. Due to the increased focus on sustainability, environmental concerns, and the need for efficient modes of transportation, electric two-wheelers have quickly become more and more popular among consumers worldwide. This article will analyse the current state of the electric two-wheeler market and discuss growth forecasts for the upcoming year.
The market for electric two-wheelers is currently dominated by major companies like Tesla, Zero Motorcycles, and NIU. These companies have set the standard for innovation by producing high-end electric bikes and scooters that appeal to a wide range of consumers. Additionally, the market is growing as a result of governments worldwide offering subsidies and incentives to promote the use of electric vehicles.
Many factors are contributing to the rapid growth of the electric two-wheeler market. One such motivator is the growing awareness of climate change and the need to reduce carbon emissions. The electric two-wheeler is a sustainable and environmentally friendly mode of transportation that helps reduce the total carbon footprint. Thanks to advancements in battery technology that have produced more durable and efficient batteries, electric two-wheelers are now a feasible and reasonably priced option for consumers.
Over the past 12 months, a number of developments and trends have influenced the electric two-wheeler market. One significant trend is the expansion of electric bike-sharing programmes in urban areas. Companies like Lime and Bird have brought electric bikes and scooters to major cities, providing commuters with a useful and eco-friendly form of transportation. Additionally, because of their longer range and faster charging times, electric motorcycles are gaining popularity among motorcyclists.
There are several challenges facing manufacturers and policymakers in the electric two-wheeler industry, despite its enormous potential. One major issue, especially in developing countries, is the lack of appropriate charging infrastructure. Governments and companies need to make investments in building a robust charging network to handle the growing number of electric two-wheelers on the road. Furthermore, the high initial cost of electric two-wheelers continues to deter many buyers. However, because of expanding economies of scale and falling battery technology costs, it is expected that the price of electric two-wheelers will soon become more competitive.
The market for electric two-wheelers is expected to continue its robust growth trajectory in the upcoming year. As more people opt for eco-friendly forms of transportation and as governments enforce stricter emissions regulations, the market for electric two-wheelers is anticipated to expand. Furthermore, thanks to advancements in technology and battery efficiency, electric two-wheelers are becoming more accessible and practical for everyday use.
For Insights Consultancy’s latest market intelligence study, “Global Electric Two-Wheeler Market 2025, Growth Opportunities, and Forecast,” provides a comprehensive analysis of the Food industry. The report includes demand analysis, industry insights, competition intelligence, and a customer database. It also offers strategic insights into future trends, growth determinants, supplier landscape, demand landscape, CAGR, and pricing analysis. The study also includes Porter’s Five Forces Analysis, PESTLE Analysis, Value Chain Analysis, 4 Ps’ Analysis, Market Attractiveness Analysis, BPS Analysis, and Ecosystem Analysis.
*Note: Sample of the report provides details on the scope and coverage, table of contents, research methodology, and Sample Framework of the report. Actual report of 110+ is available for purchase to all the interested stakeholders.
Top Companies Covered In This Report:
- Hero Electric (India)
- VMOTO (Australia)
- NIU International (China)
- Energica Motor (Italy)
- Ampere Vehicles (India)
- GOGORO Inc. (Taiwan)
- Jiangsu Xinri E-Vehicle (China)
- Yadea Technologies (China)
- Govecs (Germany)
- China Zhongneng Vehicle (China)
- Zero Motorcycles (US)
Industry News
May 30, 2025 Hero Electric’s bankruptcy: EV pioneer faces insolvency over Rs 301 cr debt
Hero Electric, India’s first e-scooter maker, enters insolvency under IBC with Rs 301 crore in admitted claims; bidders invited as creditors decide its fate amid EV market growth
Dec 31, 2024 Hero Electric enters insolvency process following petition over unpaid dues
Hero Electric faces insolvency proceedings initiated by NCLT after Metro Tyres claimed unpaid dues of ₹1.85 crore.
Oct 16 2024 Major electric motorcycle maker Energica files for bankruptcy
The Italian electric motorcycle maker Energica has officially declared that it is ceasing operations and entering bankruptcy proceedings, ending speculation about the company’s precarious financial situation.
Detailed Segmentation and Classification of the report (Market Size and Forecast – 2034, Y-o-Y growth rate, and CAGR):
Segment By Battery Type
- Sealed Lead Acid
- Li-ion
- Others
Segment By Type
- Electric Motorcycles
- Electric Scooters
Segment By Voltage
- 36V
- 24V
- 48V
- More than 48V
Regional Deep-dive Analysis:
North America
United States
The United States is one of the biggest markets for electric two-wheelers in North America. Customers searching for cost-effective mobility options and growing more environmentally conscious are increasingly choosing electric bikes and scooters. In big cities like New York and San Francisco, electric two-wheelers have grown in popularity as a useful short-distance commuter vehicle. Government initiatives and incentives to promote electric vehicles have also played a major role in the market’s growth in the US.
Canada
The market for electric two-wheelers is likewise growing steadily in Canada. As a result of initiatives to lower carbon emissions and promote sustainable mobility options, Canadian consumers are increasingly selecting electric bikes and scooters as an environmentally friendly alternative to traditional gasoline-powered cars. In order to reduce traffic and air pollution, electric two-wheelers are growing in popularity in big cities like Toronto and Vancouver. Government rebates and subsidies for the purchase of electric vehicles have further enticed consumers to convert to electric two-wheelers.
Mexico
Mexico’s electric two-wheeler industry is still young, but it has a lot of potential. Because of the government’s efforts to encourage renewable energy and reduce dependency on fossil fuels, Mexican consumers are increasingly aware of the benefits of electric vehicles. Major cities like Mexico City are seeing an increase in demand for electric bikes and scooters as a useful and eco-friendly mode of transportation. The development of infrastructure and charging stations will be the primary drivers of Mexico’s electric two-wheeler industry’s growth in the years to come.
Asia-Pacific
China
China’s massive population and growing urbanisation have made it a major player in the electric two-wheeler market. The government’s push for green projects and the availability of subsidies for the purchase of electric vehicles have increased the nation’s desire for electric bikes and scooters. Well-known manufacturers like Niu Technologies and Yadea Group have profited from this trend by offering a wide range of electric two-wheelers to satisfy different consumer needs.
Japan
In recent years, Japan—which is known for its technological inventiveness—has progressively shifted to electric two-wheelers. Because of the country’s ageing population and air quality issues, consumers are selecting cleaner and more environmentally friendly modes of transportation. Leading Japanese manufacturers, such as Yamaha and Honda, have introduced electric motorbikes and scooters with state-of-the-art features and exceptional performance capabilities to satisfy the exacting needs of Japanese consumers.
South Korea
South Korea is another major Asia-Pacific market for e-two-wheelers. The government’s efforts to promote electric vehicles and reduce greenhouse gas emissions have convinced consumers that electric bikes and scooters are a competitive alternative to traditional gasoline-powered cars. Companies like Emflux Motors and Kumpan Electric have introduced cutting-edge electric two-wheelers to the market that blend performance, style, and environmental friendliness.
India
India is a significant market for electric two-wheelers in the Asia-Pacific region. Because of the government’s focus on reducing pollution and promoting electric transportation, sales of electric motorbikes and scooters are higher than ever before. Companies like Hero Electric, Bajaj Auto, and TVS Motors have introduced several models to the market in response to the increasing demand. Additionally, the lower operating costs and easier access to charging infrastructure of electric two-wheelers have made them more appealing to Indian consumers.
Europe
Germany
Germany is at the forefront of the electric mobility movement due to the growing demand for electric two-wheelers. Because of government subsidies and incentives for electric vehicles, electric bicycles and scooters are growing in popularity across the country. Major manufacturers like BMW, Vespa, and NIU are well-represented in the German market, offering a wide range of electric two-wheelers for consumers to select from.
France
Another major player in the European electric two-wheeler market is France, which places a strong emphasis on promoting ecologically friendly urban transportation. The French government has implemented policies to encourage the use of electric vehicles, particularly two-wheelers. Companies like Peugeot, EcoRider, and AIMA are establishing the benchmark for state-of-the-art electric two-wheelers in order to meet the growing demand in France.
Middle East and Africa
UAE
The UAE government has set ambitious targets to increase the number of electric two-wheelers on the road. The availability of charging infrastructure and incentives for electric vehicle buyers have also contributed to the market’s growth. Similarly, Saudi Arabia has been investing heavily in expanding its network of electric vehicle charging stations and promoting EVs as a greener alternative to traditional gasoline-powered cars.
Africa
Africa is a significant market for electric two-wheelers. In countries like South Africa, Nigeria, and Kenya, there is an increasing need for electric transportation options. Growing urbanisation and the need for eco-friendly transportation options have led to an increase in the popularity of electric two-wheelers in the region.
The research provides answers to the following key questions:
- What is the expected growth rate of the Electric Two-Wheeler Market from 2025-2034?
- What are the key driving forces shaping the market during the forecast period?
- Who are the major market vendors and what winning strategies have helped them occupy a strong foothold in the Electric Two-Wheeler Market?
- What are the prominent market trends influencing the market’s development?
Key insights provided by the report that could help you take critical strategic decisions?
- Regional reports analyse product/service consumption and market factors in each region.
- Reports highlight possibilities and dangers for suppliers in the Electric Two-Wheeler Market business globally.
- The report identifies regions and sectors with the highest growth potential.
- It provides a competitive market ranking of major companies, as well as information on new product launches, partnerships, business expansions, and acquisitions.
- The report includes a comprehensive corporate profile with company overviews, insights, product benchmarks, and SWOT analysis for key market participants.
Customization: We can provide following things
1) On request more company profiles (competitors)
2) Data about particular country or region
3) We will incorporate the same with no additional cost (Post conducting feasibility).
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Table of Contents
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