Electric Two-Wheeler Market Report by Vehicle Type (Electric Scooter/Moped, Electric Motorcycle), Battery Type (Lithium-Ion, Sealed Lead Acid (SLA)), Voltage Type (<48V, 48-60V, 61-72V, 73-96V, >96V), Peak Power (<3 kW, 3-6 kW, 7-10 kW, >10 kW), Battery Technology (Removable, Non-Removable), Motor Placement (Hub Type, Chassis Mounted), and Region 2024-2032

Electric Two-Wheeler Market Report by Vehicle Type (Electric Scooter/Moped, Electric Motorcycle), Battery Type (Lithium-Ion, Sealed Lead Acid (SLA)), Voltage Type (<48V, 48-60V, 61-72V, 73-96V, >96V), Peak Power (<3 kW, 3-6 kW, 7-10 kW, >10 kW), Battery Technology (Removable, Non-Removable), Motor Placement (Hub Type, Chassis Mounted), and Region 2024-2032

Report Format: PDF+Excel | Report ID: SR112024A2215
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Electric Two-Wheeler Market Overview 2024-2032:

The global electric two-wheeler market size reached US$ 39.9 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 109.5 Billion by 2032, exhibiting a growth rate (CAGR) of 11.5% during 2024-2032. The increasing focus on reducing carbon emissions and combating air pollution, continuous advancements in electric vehicle (EV) technology, the establishment of a robust charging infrastructure, and the heavy investments by numerous governments, private companies, and electric utility providers are some of the factors propelling the market.

Report Attribute
Key Statistics
Base Year
Forecast Years
Historical Years
Market Size in 2023
US$ 39.9 Billion
Market Forecast in 2032
US$ 109.5 Billion
Market Growth Rate (2024-2032) 11.5%

Electric two-wheelers are powered by electric motors and rechargeable batteries. They have gained significant popularity in recent years due to their numerous advantages. Electric two-wheelers offer a clean and eco-friendly mode of transportation as they produce zero tailpipe emissions, reducing air pollution and contributing to a greener environment. These vehicles are cost-effective, requiring less maintenance and having lower operating costs than their conventional counterparts. With rising fuel prices, electric two-wheelers provide an affordable alternative for daily commuting and short-distance travel. Technological advancements in battery technology have improved performance and longer ranges for electric two-wheelers. Moreover, electric two-wheelers offer a convenient and efficient solution to urban congestion. Their compact size and maneuverability allow riders to navigate through traffic easily and find parking spaces more easily. They present a sustainable, economical, and practical transportation option, contributing to the expansion of clean mobility and addressing the challenges of urban transportation in a rapidly evolving world.


The global market is majorly driven by the increasing support of governments. Several governments worldwide provide financial incentives, tax benefits, and subsidies to promote the adoption of electric vehicles, including electric two-wheelers. These incentives make electric two-wheelers more affordable and attractive to consumers. Furthermore, the rising consumer awareness and consciousness about environmental issues are significantly contributing to the market. Individuals are becoming more concerned about climate change and air pollution, leading them to choose electric two-wheelers as a cleaner and greener mode of transportation. Apart from this, advancements in battery technology have significantly improved the performance and range of electric two-wheelers. Longer battery life and faster charging times have alleviated concerns about range anxiety, making electric two-wheelers a more viable option for daily commuting. Besides, the growing network of charging infrastructure is catalyzing the market. Establishing more charging stations and developing fast-charging technologies have made it more convenient for electric two-wheeler owners to charge their vehicles, further boosting the market growth. Additionally, the advancements in electric vehicle technology, including motor efficiency, lightweight materials, and improved aerodynamics, have contributed to the overall product performance and efficiency. The reduction in component costs, particularly batteries, has made electric two-wheelers more affordable for consumers. The availability of government-funded research and development initiatives and collaborations with private companies have accelerated innovation in the electric two-wheeler industry. These initiatives encourage the development of cutting-edge technologies and the introduction of new features in electric two-wheelers.

Electric Two-Wheeler Market Trends/Drivers:

The increasing issues pertaining to traffic congestion

The increasing traffic congestion is significantly contributing to the product demand. As urban areas become more crowded with vehicles, commuting times and frustrations related to traffic congestion have intensified. Electric two-wheelers offer a practical solution for navigating through congested streets more efficiently. Furthermore, electric two-wheelers are compact and highly maneuverable, allowing riders to weave through traffic and find alternative routes easily. They can bypass long lines of stationary vehicles and reach their destinations faster, making them an appealing choice for urban commuters seeking to avoid the delays and frustrations associated with traffic congestion. Additionally, the convenience and agility of electric two-wheelers in navigating through traffic congestion reduce commuting times and alleviate the stress and frustration associated with being stuck in traffic. As a result, more individuals are opting for electric two-wheelers as a means of transportation, contributing to the growing demand for these vehicles.

Growing utilization of cycling in fitness and recreational activities

The growing utilization of cycling in fitness and recreational activities plays a significant role in driving the growth of the electric two-wheeler market. Cycling has gained popularity as a form of exercise and leisure activity due to its numerous health benefits and the increasing focus on leading an active lifestyle. Furthermore, electric two-wheelers, such as electric bicycles, provide an attractive option for individuals who want to engage in cycling but may face challenges such as physical fitness limitations or hilly terrains. The electric assistance offered by these vehicles allows riders to overcome physical exertion barriers and tackle challenging routes. For fitness enthusiasts, electric two-wheelers offer the flexibility to adjust the electric motor’s level of assistance, allowing riders to customize their workout intensity. This versatility makes e-bikes suitable for individuals of varying fitness levels, enticing more people to incorporate cycling into their fitness routines. Additionally, the utilization of electric two-wheelers for recreational activities has expanded due to their enhanced range and battery life. Riders can explore longer distances and engage in outdoor adventures without the worry of fatigue or the need for excessive physical exertion. This opens up new possibilities for weekend getaways, scenic rides, and exploring nature, contributing to the growth of the electric two-wheeler market.

Rising demand for eco-friendly vehicles

The rising demand for eco-friendly vehicles is positively influencing the market. With increasing awareness about environmental concerns, there has been a growing emphasis on reducing carbon emissions and mitigating the impact of transportation on the planet. Electric two-wheelers offer a sustainable and eco-friendly alternative to conventional petrol or diesel-powered vehicles. They produce zero tailpipe emissions, reducing air pollution and contributing to improved air quality in urban areas. Furthermore, the rising demand for eco-friendly vehicles is driven by the desire to reduce dependence on fossil fuels. Electric two-wheelers operate on electricity, which can be generated from renewable energy sources such as solar or wind power. This helps to reduce reliance on finite fossil fuel resources and promotes the adoption of cleaner energy options.

Electric Two-wheeler Industry Segmentation:

IMARC Group provides an analysis of the key trends in each segment of the global electric two-wheeler market report, along with forecasts at the global, regional, and country levels from 2024-2032. Our report has categorized the market based on vehicle type, battery type, voltage type, peak power, battery technology, and motor placement.

Breakup by Vehicle Type:

Electric Two-Wheeler Market

  • Electric Scooter/Moped
  • Electric Motorcycle

Electric Scooter/Moped dominate the market

The report has provided a detailed breakup and analysis of the market based on vehicle type. This includes electric scooter/moped and electric motorcycle. According to the report, electric scooter/moped represented the largest segment.

Electric scooters and mopeds have gained immense popularity due to their versatility, ease of use, and practicality in urban environments. They offer numerous advantages that resonate with consumers. They provide a cost-effective and efficient mode of transportation for short to medium distances. They are ideal for urban commuting, where traffic congestion and limited parking spaces are common challenges. Furthermore, electric scooters and mopeds are relatively affordable compared to electric motorcycles or cars, making them more accessible to numerous consumers. This affordability factor and the growing availability of various models and brands contribute to the segment's dominant market share.

Electric scooters and mopeds are known for their compact size and maneuverability, allowing riders to easily navigate through congested city streets. They offer a convenient and agile transportation option, enabling riders to reach their destinations quickly and effortlessly. Moreover, electric scooters and mopeds are environmentally friendly, producing zero tailpipe emissions and contributing to cleaner air in urban areas. As sustainability and eco-consciousness continue to prominence, the demand for electric scooters and mopeds as eco-friendly transportation solutions is further driving market growth.

Breakup by Battery Type:

  • Lithium-Ion
  • Sealed Lead Acid (SLA)

A detailed breakup and analysis of the market based on the battery type have also been provided in the report. This includes lithium-ion and sealed lead acid (SLA).

Lithium-Ion batteries are widely recognized as a significant driver for the market. These batteries offer several advantages, such as high energy density, lightweight construction, and a longer lifespan than traditional lead-acid batteries. Lithium-Ion batteries provide greater range and improved performance, addressing concerns about limited battery capacity and range anxiety. Their lightweight nature also contributes to better maneuverability and overall electric two-wheeler efficiency. Additionally, advancements in lithium-Ion battery technology have led to faster charging times and improved safety features, further boosting the appeal of electric two-wheelers.

Apart from this, sealed lead acid (SLA) batteries are known for their affordability and reliability. They are commonly used in entry-level or budget-friendly electric two-wheelers. SLA batteries are suitable for shorter distances and lower power requirements, making them a viable option for certain urban commuting needs.

Breakup by Voltage Type:

  • <48V
  • 48-60V
  • 61-72V
  • 73-96V
  • >96V

A detailed breakup and analysis of the market based on the voltage type have also been provided in the report. This includes <48V, 48-60V, 61-72V, 73-96V, >96V.

The <48V segment caters to lower-power electric two-wheelers, such as electric bicycles or low-speed electric scooters. These vehicles are typically designed for short-distance commuting or recreational purposes. They offer a cost-effective, eco-friendly transportation solution, making them attractive to budget-conscious consumers and those seeking greener alternatives.

Furthermore, the 48-60V segment represents a range of mid-power electric two-wheelers that provide a balance between affordability and performance. These vehicles offer higher speed capabilities and increased range compared to <48V counterparts. They are suitable for urban commuting and have gained popularity among riders who require slightly more power and versatility in their electric two-wheelers.

Moreover, the 61-72V and 73-96V segments target electric motorcycles and high-performance electric scooters. These segments offer greater power, improved acceleration, and higher top speeds. They appeal to riders looking for a thrilling and dynamic riding experience. Electric two-wheelers in these voltage ranges provide enhanced performance and are favored by enthusiasts and riders seeking a sportier option.

Additionally, the>96V segment also represents the highest voltage range available in electric two-wheelers. These vehicles are designed for maximum power, performance, and range. They cater to the premium segment, offering cutting-edge technology, top-notch components, and advanced features. Electric two-wheelers in this segment are often considered high-performance alternatives to traditional internal combustion engine motorcycles.

Breakup by Peak Power:

  • <3 kW
  • 3-6 kW
  • 7-10 kW
  • >10 kW

A detailed breakup and analysis of the market based on the peak power have also been provided in the report. This includes <3 kW, 3-6 kW, 7-10 kW, and >10 kW.

The <3 kW segment represents low-power electric two-wheelers often used for short-distance commuting, urban travel, or recreational purposes. These vehicles offer an affordable and efficient mode of transportation, making them popular among budget-conscious consumers and those seeking eco-friendly alternatives.

Furthermore, the 3-6 kW segment caters to mid-power electric two-wheelers that balance affordability and performance. These vehicles offer improved acceleration, increased range, and higher speeds than lower power options. They appeal to riders who require more power for commuting in urban areas or for longer distances.

Moreover, the 7-10 kW segment represents electric two-wheelers with higher power output. These vehicles offer enhanced performance, greater speed capabilities, and increased range. They are popular among riders who desire power and versatility for daily commuting or leisure activities.

Additionally, the>10 kW segment targets high-performance electric two-wheelers designed for enthusiasts and riders seeking top-notch power and performance. These vehicles often feature advanced technology, superior components, and cutting-edge design. They cater to riders prioritizing speed, acceleration, and a thrilling riding experience.

Breakup by Battery Technology:

  • Removable
  • Non-Removable

Non-removable holds the largest share of the market

A detailed breakup and analysis of the market based on battery technology have also been provided in the report. This includes removable and non-removable. According to the report, non-removable accounted for the largest market share.

Non-removable batteries, also known as integrated or built-in batteries, are directly integrated into the electric two-wheeler's frame and cannot be removed or replaced by the user. The dominance of the non-removable battery segment can be attributed to several factors. Non-removable batteries offer a streamlined design seamlessly integrated into the vehicle's overall structure. This integration enhances the aesthetic appeal and overall functionality of electric two-wheelers.

Furthermore, these batteries provide better security against theft or tampering. Since they are securely built into the vehicle, the risk of battery theft is significantly reduced. This factor contributes to consumer confidence and encourages the adoption of electric two-wheelers. Moreover, non-removable batteries are more convenient for everyday use. Users do not have to worry about carrying an extra battery or finding charging facilities for a separate battery pack. This ease of use appeals to consumers who prioritize convenience and simplicity in their daily transportation needs.

Additionally, continual advancements in battery technology have led to improved energy storage and range capabilities of non-removable batteries. Manufacturers have been able to integrate higher-capacity batteries into electric two-wheelers, enabling longer travel distances and reducing range anxiety.

Breakup by Motor Placement:

  • Hub Type
  • Chassis Mounted

A detailed breakup and analysis of the market based on motor placement have also been provided in the report. This includes hub type and chassis mounted.

Electric two-wheelers with hub-mounted motors have gained popularity due to their compact design and efficient power delivery. These motors are integrated into the wheels, providing direct power transmission and eliminating the need for a separate drivetrain. Hub motors offer advantages such as better torque control, regenerative braking, and improved handling. They also allow for more design flexibility and enable the integration of features like all-wheel drive or independent wheel control. The hub type segment appeals to consumers seeking compact and agile electric two-wheelers with enhanced performance and handling capabilities.

Moreover, the chassis-mounted systems feature electric motors mounted on the frame or chassis of the vehicle. This configuration provides advantages such as improved weight distribution, better stability, and easier maintenance access. Chassis-mounted motors are commonly found in electric motorcycles and high-performance electric scooters, catering to riders prioritizing power, speed, and overall performance. These systems often offer greater customization options and are favored by enthusiasts looking for dynamic riding experiences. Manufacturers can cater to different riding preferences and requirements by segmenting electric two-wheelers based on motor placement.

Breakup by Region:

Electric Two-Wheeler Market

  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Australia
    • Others
  • Europe
    • Germany
    • France
    • United Kingdom
    • Italy
    • Netherlands
    • Norway
    • Others
  • North America
    • United States
    • Canada
  • Latin America
    • Brazil
    • Mexico
    • Others
  • Middle East and Africa
    • Turkey
    • Saudi Arabia
    • Egypt
    • Others

Asia-Pacific exhibits a clear dominance, accounting for the largest electric two-wheeler market share

The report has also provided a comprehensive analysis of all the major regional markets, which include Asia Pacific (China, Japan, India, South Korea, Australia, and Others); Europe (Germany, France, United Kingdom, Italy, Netherlands, Norway, and Others); North America (the United States and Canada); Latin America (Brazil, Mexico, and Others); the Middle East and Africa (Turkey, Saudi Arabia, Egypt, and Others).

The Asia Pacific region emerged as the largest market, and several factors contributed to its growth. The growing environmental concerns played a crucial role in adopting electric two-wheelers. As countries in the region grapple with air pollution and its impact on public health, consumers increasingly opt for eco-friendly transportation solutions, such as electric two-wheelers, to reduce their carbon footprint.

Furthermore, favorable government initiatives and policies have incentivized using electric vehicles, including two-wheelers, across the Asia Pacific region. Governments have introduced subsidies, tax incentives, and infrastructure development plans to encourage the adoption of electric mobility. These supportive measures have made electric two-wheelers more accessible and affordable for consumers, driving market growth.

Moreover, the region has witnessed significant advancements and innovations in battery technology, a crucial component of electric two-wheelers. The development of high-performance batteries with longer ranges, faster charging times, and improved durability has boosted the appeal of electric two-wheelers among consumers. 

Competitive Landscape:

Top companies are crucial in driving market growth through various strategies and initiatives. These companies have recognized the potential of the market and have taken proactive steps to capitalize on the growing demand for sustainable transportation solutions. Furthermore, these companies are investing heavily in research and development to advance electric vehicle technologies. They are focused on improving battery performance, range, charging infrastructure, and overall efficiency. These advancements are key drivers in attracting consumers who value enhanced features and capabilities in electric two-wheelers. Moreover, top companies are expanding their product portfolios to cater to a wide range of customer preferences and needs. They are introducing diverse models, designs, and price points to attract different market segments. By offering options such as electric scooters, motorcycles, and bicycles, they can appeal to a broader customer base. Besides, these companies actively collaborate with governments, organizations, and other stakeholders to promote electric mobility. They are participating in incentive programs, forming partnerships for infrastructure development, and advocating for favorable policies and regulations. Additionally, top companies are investing in marketing and awareness campaigns to educate consumers about the benefits of electric mobility. They highlight the environmental advantages, cost savings, and convenience of electric two-wheelers to generate interest and increase adoption.

The report has provided a comprehensive analysis of the competitive landscape in the market. Detailed profiles of all major companies have also been provided. Some of the key players in the market include:

  • AIMA Technology Co. Ltd.
  • Ampere Vehicles Pvt. Ltd.
  • BMW AG
  • Energica Motor Company S.p.A.
  • Hero Electric Vehicles Pvt. Ltd.
  • Mahindra GenZe
  • Terra Motors Corporation
  • Vmoto Limited
  • Yadea Technology Group Co. Ltd.
  • Zero Motorcycles, Inc.

Recent Developments:

  • In 2021, AIMA Technology Co. Ltd., a leading electric two-wheeler manufacturer based in China, unveiled its new lineup of electric scooters featuring upgraded battery technology and improved performance. The company introduced models with higher power output, increased range, and enhanced charging capabilities, catering to the evolving needs of electric two-wheeler consumers.
  • In 2021, Ampere Vehicles Pvt. Ltd., an Indian electric two-wheeler manufacturer, joined hands with OTO Capital, a vehicle leasing startup, to offer attractive financing options to its customers. This collaboration aimed to make electric two-wheelers more affordable and accessible by providing flexible leasing solutions. The partnership with OTO Capital has helped Ampere Vehicles expand its customer base and increase the adoption of electric two-wheelers in India.
  • In 2020, a prominent automobile manufacturer, BMW AG, launched the BMW Motorrad Definition CE 04, an electric scooter concept combining futuristic design with advanced electric mobility technology. The CE 04 concept showcased BMW's vision for urban electric two-wheelers, featuring a sleek and aerodynamic design, integrated connectivity features, and sustainable energy usage.

Electric Two-wheeler Market Report Scope:

Report Features Details
Base Year of the Analysis 2023
Historical Period 2018-2023
Forecast Period 2024-2032
Units US$ Billion
Scope of the Report Exploration of Historical and Forecast Trends, Industry Catalysts and Challenges, Segment-Wise Historical and Predictive Market Assessment: 
  • Vehicle type
  • Battery type
  • Voltage type
  • Peak power
  • Battery technology
  • Motor Placement
  • Region
Vehicle Types Covered Electric Scooter/Moped, Electric Motorcycle
Battery Types Covered Lithium-Ion, Sealed Lead Acid (SLA)
Voltage Types Covered <48V, 48-60V, 61-72V, 73-96V, >96V
Peak Powers Covered <3 kW, 3-6 kW, 7-10 kW, >10 kW
Battery Technologies Covered Removable, Non-removable
Motor Placements Covered Hub Type, Chassis Mounted
Regions Covered Asia Pacific, Europe, North America, Latin America, Middle East and Africa
Countries Covered United States, Canada, Germany, France, United Kingdom, Italy, Netherlands, Norway, China, Japan, India, South Korea, Australia, Brazil, Mexico,Turkey, Saudi Arabia, Egypt
Companies Covered AIMA Technology Co. Ltd., Ampere Vehicles Pvt. Ltd., BMW AG, Energica Motor Company S.p.A., GOVECS AG, Hero Electric Vehicles Pvt. Ltd., Mahindra GenZe, Terra Motors Corporation, Vmoto Limited, Yadea Technology Group Co. Ltd., and Zero Motorcycles, Inc.
Customization Scope 10% Free Customization
Report Price and Purchase Option Single User License: US$ 3899
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Corporate License: US$ 5899
Post-Sale Analyst Support 10-12 Weeks
Delivery Format PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

Key Benefits for Stakeholders:

  • IMARC’s report offers a comprehensive quantitative analysis of various market segments, historical and current market trends, market forecasts, and dynamics of the electric two-wheeler market from 2018-2032.
  • The research study provides the latest information on the market drivers, challenges, and opportunities in the global electric two-wheeler market.
  • The study maps the leading, as well as the fastest-growing, regional markets. It further enables stakeholders to identify the key country-level markets within each region.
  • Porter's five forces analysis assists stakeholders in assessing the impact of new entrants, competitive rivalry, supplier power, buyer power, and the threat of substitution. It helps stakeholders to analyze the level of competition within the electric two-wheeler industry and its attractiveness.
  • Competitive landscape allows stakeholders to understand their competitive environment and provides an insight into the current positions of key players in the market.

Key Questions Answered in This Report

The global electric two-wheeler market was valued at US$ 39.9 Billion in 2023.

We expect the global electric two-wheeler market to exhibit a CAGR of 11.5% during 2024-2032.

The rising consumer concerns towards the increasing pollution levels, along with the escalating demand for fuel-efficient and cost-effective commute options, are primarily driving the global electric two-wheeler market.

The sudden outbreak of the COVID-19 pandemic had led to the implementation of stringent lockdown regulations across several nations, resulting in the temporary closure of numerous manufacturing units for electric two-wheelers.

Based on the vehicle type, the global electric two-wheeler market has been segregated into electric scooter/moped and electric motorcycle, where electric scooter/moped currently holds the largest market share.

Based on the battery technology, the global electric two-wheeler market can be bifurcated into removable and non-removable. Currently, non-removable exhibits clear dominance in the market.

On a regional level, the market has been classified into Asia-Pacific, Europe, North America, Latin America, and Middle East and Africa, where Asia-Pacific currently dominates the global market.

Some of the major players in the global electric two-wheeler market include AIMA Technology Co. Ltd., Ampere Vehicles Pvt. Ltd., BMW AG, Energica Motor Company S.p.A., GOVECS AG, Hero Electric Vehicles Pvt. Ltd., Mahindra GenZe, Terra Motors Corporation, Vmoto Limited, Yadea Technology Group Co. Ltd., and Zero Motorcycles, Inc.

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Electric Two-Wheeler Market Report by Vehicle Type (Electric Scooter/Moped, Electric Motorcycle), Battery Type (Lithium-Ion, Sealed Lead Acid (SLA)), Voltage Type (<48V, 48-60V, 61-72V, 73-96V, >96V), Peak Power (<3 kW, 3-6 kW, 7-10 kW, >10 kW), Battery Technology (Removable, Non-Removable), Motor Placement (Hub Type, Chassis Mounted), and Region 2024-2032
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