Press Release

North America Electric Two-Wheeler Market to Grow with a CAGR of 11.31% through 2029

The North America Electric Two-Wheeler Market is driven by rising environmental awareness, advancements in battery and charging technologies, and increasing government incentives for electric vehicle adoption. Growing demand for sustainable urban mobility solutions further accelerates market expansion.


According to TechSci Research report, “North America Electric Two-Wheeler Market - By Country, Competition Forecast & Opportunities, 2029F”, the North America electric two-wheeler market was valued at USD 3.02 Billion in 2023 and is expected to reach USD 5.71 Billion by 2029 with a CAGR of 11.31% during the forecast period The North America electric two-wheeler market is witnessing steady growth, driven primarily by increasing environmental concerns, rising fuel costs, and government initiatives promoting sustainable transportation. A significant driver is the growing consumer demand for eco-friendly and cost-effective mobility solutions. Electric two-wheelers, such as scooters and motorcycles, offer reduced operating costs compared to traditional gasoline-powered vehicles, making them attractive to urban commuters and young professionals. Additionally, advancements in battery technology, including the development of lithium-ion and solid-state batteries, have led to extended ranges and shorter charging times, enhancing the practicality and convenience of electric two-wheelers. Governments across North America are also incentivizing the adoption of electric vehicles (EVs) through tax rebates, subsidies, and the establishment of charging infrastructure, further fuelling market growth. The rising trend of micro-mobility, which emphasizes compact and efficient transportation for short distances, has also bolstered the adoption of electric two-wheelers, particularly in urban areas plagued by traffic congestion.

The market faces notable challenges that may hinder its growth trajectory. High upfront costs associated with electric two-wheelers compared to their internal combustion engine counterparts remain a significant barrier to widespread adoption, especially among price-sensitive consumers. Limited charging infrastructure across North America, particularly in suburban and rural areas, also presents logistical challenges for prospective buyers. Concerns regarding battery lifespan, replacement costs, and potential environmental impacts of battery disposal further complicate the consumer decision-making process. Additionally, the market is characterized by limited product variety and brand presence, particularly in regions where awareness of electric two-wheelers remains low. Manufacturers also face supply chain disruptions and escalating costs of raw materials, such as lithium and rare earth metals, which are crucial for battery production.

Despite these challenges, the market holds promising opportunities for growth. Innovations in battery recycling, increased collaboration between public and private sectors to expand charging networks, and the development of cost-efficient manufacturing processes are expected to address existing hurdles. As urbanization continues and consumers prioritize sustainability, the electric two-wheeler market in North America is poised to expand, driven by a blend of technological advancements and supportive policy measures. Key industry players are focusing on product diversification and strategic partnerships to capture a larger share of the evolving market, signalling a dynamic and competitive future for electric two-wheelers in the region.

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The North America Electric Two-Wheeler Market is segmented into vehicle type, battery type, range type and country.

The electric two-wheeler market is segmented based on battery type into Lead Acid, and Li-ion. In the electric two-wheeler market, the Li-ion (Lithium-ion) battery segment has emerged as the leading segment, outpacing the traditional lead-acid batteries. Lithium-ion batteries are favored due to their superior performance characteristics, including higher energy density, lighter weight, and longer lifespan. These features translate to improved vehicle efficiency, extended range, and faster charging times, making them the preferred choice for both manufacturers and consumers. With urban commuters demanding reliable and sustainable mobility solutions, Li-ion batteries cater to these needs more effectively than lead-acid counterparts.

One of the critical factors driving the dominance of Li-ion batteries is their ability to support the growing demand for advanced electric two-wheelers with enhanced features. Many electric scooter and motorcycle manufacturers prioritize Li-ion technology to ensure competitive performance, aligning with the expectations of tech-savvy and environmentally conscious buyers. Additionally, Li-ion batteries are less prone to degradation and require minimal maintenance compared to lead-acid batteries, further reducing the total cost of ownership over time. The global push toward sustainability has also played a pivotal role in accelerating the adoption of Li-ion batteries. As governments and organizations promote green energy and reduce reliance on hazardous materials, the lower environmental impact of Li-ion batteries has solidified their market leadership. Advances in battery recycling and second-life applications are addressing concerns around disposal, adding to their appeal. In contrast, lead-acid batteries, while cost-effective initially, are heavier, have shorter lifespans, and offer limited range. These drawbacks have relegated them primarily to low-performance, budget-oriented electric two-wheelers. As battery technology continues to advance and economies of scale further reduce production costs, the Li-ion battery segment is expected to maintain its leading position, driving the growth of the electric two-wheeler market.


Major companies operating in the North America Electric Two-Wheeler market are:

  • KTM Sportmotorcycle GmbH
  • Daymak Inc.
  • Rad Power Bikes Inc.
  • Motovolt
  • Evoke Electric Motorcycles (HK) Ltd.
  • Zero Motorcycles, Inc.
  • Harley-­Davidson, Inc.
  • Juiced Riders, Inc.
  • Gogoro Inc.
  • Ather Energy Limited

 

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A key trend in the North America electric two-wheeler market is the rising adoption of connected and smart mobility solutions. Manufacturers are increasingly integrating advanced features such as Internet of Things (IoT) connectivity, GPS navigation, mobile app integration, and remote diagnostics into electric two-wheelers. These innovations enhance user experience by offering real-time data on battery status, range estimation, and route optimization. The shift aligns with the growing consumer preference for technology-driven convenience and urban mobility. Additionally, shared mobility platforms are embracing electric two-wheelers to provide sustainable and efficient transportation options for short-distance travel, particularly in urban areas. This trend is further supported by increasing investment in charging infrastructure and smart grids, enabling seamless connectivity and usability. The integration of technology is reshaping the market, making electric two-wheelers an integral part of future mobility ecosystems“, said Mr. Karan Chechi, Research Director of TechSci Research, a research-based management consulting firm.

North America Electric Two-Wheeler Market by Vehicle Type (Scooter/Moped, Electric Motorcycle), By Battery Type (Lead Acid, Li-ion), By Range Type (Less than 50 Km, 51- 100 Km, above 101 Km), By Country, Competition, Forecast & Opportunities, 2019-2029F”, has evaluated the future growth potential of North America electric two-wheeler market and provides statistics & information on market size, structure and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges, and opportunities in the North America electric two-wheeler market.

 

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North America Electric Two-Wheeler Market By Vehicle Type (Scooter/Moped, Electric Motorcycle), By Battery Type (Lead Acid, Li-ion), By Range Type (Less than 50 Km, 51- 100 Km, above 101 Km), By Country, Competition, Forecast & Opportunities, 2019-2029F

Automotive | Dec, 2024

The North America Electric Two-Wheeler Market is driven by rising environmental awareness, advancements in battery and charging technologies, and increasing government incentives for electric vehicle adoption. Growing demand for sustainable urban mobility solutions further accelerates market expansion.

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