Mahindra unveils five electric SUVs under two brands based on its new INGLO platform

More

Stoffel Vandoorne And Mercedes-EQ Seal World Championship Titles As Edoardo Mortara Wins In Seoul

More

BYD leads the EV growth race, deliveries soar 315% in H1 2022 YoY

More

Mercedes-Benz EQS SUV goes on sale in Germany, prices start at 110,658 euros

More

Truemag

  • Electric Car News
  • Electric Car Reviews
  • Plug-in Hybrids
  • Technology
  • Home
  • About Us
  • Privacy Policy
  • Advertise
  • Charging Map

Report: Sales of Electric Motorcycles and Scooters Will Reach 6m Annually by 2023

New-BMW-C-EvolutionThe market for two-wheel electric vehicles, which includes electric motorcycles and electric scooters, has grown slowly in recent years.

Although sales volumes in the next couple of years are likely to remain low, due to continued high costs for components and low levels of demand, this market is poised for growth after 2015, as consumer markets continue to expand, new competitors enter the market, and suppliers increase capabilities.

According to a new report from Navigant Research, worldwide sales of electric motorcycles will grow from 1.2 million vehicles annually in 2014 to 1.4 million in 2023, while sales of electric scooters will grow from 4.1 million to 4.6 million.

“Consumers are seeking refuge from higher gasoline prices, two-wheel electric vehicles are growing more mature, and cities are becoming increasingly congested with traffic,” says John Gartner, research director with Navigant Research. “All of these factors will contribute to growing demand for power two-wheel vehicles — particularly high-powered electric motorcycles.”

The market for electric motorcycles and electric scooters is led by China, where the majority of these vehicles are sold. According to the report, however, policies limiting urban traffic in China indicate reduced sales in that country.

Electric motorcycle manufacturers in North America and Europe will address the market challenges by improving product quality and expanding their distribution channels.

Navigant Research forecasts that sales of electric motorcycles and electric scooters in these two regions will expand at a compound annual growth rate (CAGR) of more than 30 percent through 2023.

May 13, 2014Blagojce Krivevski
ZEOD RC's Electrical System ExplainedPower Japan Plus Reveals New Ryden Dual Carbon Battery
You Might Also Like
 
VGI Services Revenue is Expected to Reach Nearly $21 Million by 2024
 
Electric Two-Wheelers Poised For Strong Growth Worldwide
Blagojce Krivevski

Blagojce Krivevski is physicist and green technology lover. Keep in touch with Blagojce through his email, web site, Twitter, Linkedin, Facebook and Google+.

May 13, 2014 Electric Car Newse-motorcycles, e-scooters, electric motorcycles, electric scooters, escooter, Navigant Research, Two-Wheel Electric Vehicles
Follow Us
  • facebook
  • twitter
  • google-news
  • linkedin
  • youtube
  • instagram
  • feedburner
Recent News
Electric Vehicles Have the Lowest Annual Fuel Cost of All Light-Duty Vehicles
August 16, 2022
Polestar O2 roadster concept planned to enter production as Polestar 6
August 16, 2022
Mahindra and Volkswagen Explore Strategic Alliance to Accelerate Electrification of Indian Auto
August 16, 2022
Mercedes-Benz EQE SUV interior revealed ahead of October debut
August 16, 2022
Skoda launches software update ME3 for ENYAQ iV
August 16, 2022
About
ElectricCarsReport.com ElectricCarsReport.com is a website dedicated to pure electric vehicles and the full range of consumer information and tools about electric cars, green technology energy, and the environment.
Latest News
Electric Vehicles Have the Lowest Annual Fuel Cost of All Light-Duty Vehicles
August 16, 2022
Polestar O2 roadster concept planned to enter production as Polestar 6
August 16, 2022
Mahindra and Volkswagen Explore Strategic Alliance to Accelerate Electrification of Indian Auto
August 16, 2022
Subscribe

Sign up for our newsletter to receive the latest news and event postings.

Get in touch

Email: [email protected]

Archives
  • facebook
  • twitter
  • google-news
  • linkedin
  • youtube
  • instagram
  • feedburner
DMCA.com
© ElectricCarsReport.com | All Rights Reserved.