According to the latest report by IMARC Group, titled "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 2025-2033," the global electric two-wheeler market reached a value of USD 44.5 Billion in 2024. Electric two-wheelers are self-propelling automobiles that are designed to operate on battery-based electric motors. These vehicles include motorcycles, mopeds and scooters that are widely used by individuals for covering short distances in a versatile manner as they assist in easily maneuvering through congested roads. They are commonly associated with zero carbon emissions, compact design, improved affordability and enhanced fuel efficiency. Apart from this, these two-wheelers are also characterized by several operational benefits and low maintenance costs. As a result, they are gaining widespread popularity as efficient and eco-friendly alternatives to gasoline-powered vehicles.
Global Electric Two-Wheeler Market Trends:
The global market is primarily driven by the increasing demand for eco-friendly personal vehicles among the masses. The growing environmental concerns regarding the increasing pollution levels due to the widespread utilization fuel-based automobiles across the globe has contributed to the rising awareness toward the economic and ecological benefits of adopting electric vehicles. These vehicles are commonly powered by unconventional power sources, such as rechargeable batteries or solar panels, thereby encouraging individuals to opt for these eco-friendly alternatives. The market is further driven by the numerous favorable initiatives undertaken by the governments of several countries to promote the use of electric vehicles in an attempt to reduce the increasingCO2 emission levels. Multiple governments are now offering tax rebates and subsidies upon purchasing electric vehicles, which is acting as another major growth-inducing factor. Besides this, these two-wheelers are widely utilized by e-commerce companies for providing postal and delivery servicesin a quick and convenient manner. Some of the other factors contributing to the market growth include the high depletion rates of petrol and diesel and the continuous up gradation of electric vehicle (EV) charging infrastructures. Looking forward, the market value is projected to reach USD 114.3 Billion by 2033, expanding at a CAGR of 11% during 2025-2033.
Market Summary:
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