The global electric motorcycle market is rapidly gaining momentum, revolutionizing the conventional landscape of two-wheeled transportation. Fueled by a convergence of technological advancements, environmental consciousness, and shifting consumer preferences, electric motorcycles have emerged as a compelling and sustainable alternative to traditional gas-powered bikes. This dynamic market is characterized by an escalating demand for eco-friendly mobility solutions, spurred by concerns over environmental impact, the push for cleaner transportation, and the pursuit of energy-efficient modes of commuting. With innovations in battery technology, supportive government policies, and a burgeoning array of electric models from established manufacturers and innovative startups, the electric motorcycle market is poised for significant growth, reshaping the future of urban mobility and offering riders a more sustainable way to navigate their journeys.
In numerous developing nations, two and three wheelers are the fastest increasing means of transportation. Today, around 270 million motorbikes are on the road, with annual motorcycle sales totaling approximately 52 million. Motorcycles are expected to account for more than 400 million vehicles globally by 2050, representing a 50% increase from today. Experts believe that the first priority in the transition to electric transportation is two and three wheelers. Using the UN Environment eMob calculator, scenario estimates reveal that assuming a sharp and worldwide shift to 90% battery electric motorbike sales by 2030 may result in CO2 emissions savings of around 11 billion tonnes between now and 2050. At the same time, overall monetary savings from lower fuel and maintenance expenses, even after accounting for the higher purchase price of electric bikes, may total over USD 350 billion by 2050.
Given the significant development of two and three-wheeler fleets in developing and transitional nations, UNEP is assisting countries in Africa, Asia, Latin America, and the Caribbean in designing national plans for the introduction of electric two and three-wheelers. This is the first global attempt to deploy electric two and three wheelers in non-OECD nations, and it marks the beginning of the shift from internal combustion engines to electric and non-motorized two and three wheelers.
Besides growing environmental concern has sparked a race among OEMs to build and develop electric cars, which is being driven by both government efforts and customer demand. Leading manufacturers are modernising throttle controls and implementing new traction controls. Energica Motor Company, an Italian electric motorcycle company known as a premium builder of high power electric sport motorcycles, has released a plethora of upgrades to its 2019 Energica electric motorbike model range.
Global Electric Motorcycle Market: Competitive Landscape and Key Developments
- Arranz Group Ltd
- Dongguan Tailing Electric Vehicle Co., Ltd.
- ESSENCE Motocycles
- Harley-Davidson, Inc.
- JIANGSU SINSKI VEHICLE SCIENCE & TECHNOLOGY CO.,LTD
- Jiangsu Xinri E-Vehicle Co.,Ltd
- Luyuan e-vehicle
- Tacita
- Yadea Technology Group Co.,Ltd.
- ZONGSHENMOTOR
- Other Industry Participants
Global Electric Motorcycle Market:
By Battery Type
- Sealed Lead Acid
- Lithium-Ion
By Range
- Less Than 75 Miles
- 75 Miles to 100 Miles
- More Than 100 Miles
By Power
- Less Than 3kW
- 3kW to 5kW
- More Than 5kW
By Vehicle Class
- Economy
- Luxury
By Usage
- Commercial
- Private
By Region
- North America (U.S., Canada, Mexico, Rest of North America)
- Europe (France, The UK, Spain, Germany, Italy, Nordic Countries (Denmark, Finland, Iceland, Sweden, Norway), Benelux Union (Belgium, The Netherlands, Luxembourg), Rest of Europe)
- Asia Pacific (China, Japan, India, New Zealand, Australia, South Korea, Southeast Asia (Indonesia, Thailand, Malaysia, Singapore, Rest of Southeast Asia), Rest of Asia Pacific)
- Middle East & Africa (Saudi Arabia, UAE, Egypt, Kuwait, South Africa, Rest of Middle East & Africa)
- Latin America (Brazil, Argentina, Rest of Latin America)
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