North America Electric Two-Wheeler Market to be Led by Small Business Segment Through 2029

The North America Electric Two-Wheeler Market is driven by rising demand for eco-friendly transportation, government incentives, and advancements in battery technology. Expanding charging infrastructure and increasing fuel costs also support market growth. These factors are expected to drive the market from 2025 to 2029.

According to TechSci Research report, “Electric Two-Wheeler Market- North America Industry Size, Share, Trends, 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 experiencing significant growth, driven by rising consumer demand for sustainable and cost-effective transportation options. The increasing awareness of environmental issues, combined with the need to reduce urban congestion and carbon footprints, is pushing more consumers to explore electric two-wheelers. Rising fuel prices and a desire for lower maintenance costs are contributing to the transition toward electric vehicles. As more people seek alternatives to traditional gasoline-powered vehicles, electric scooters and motorcycles are becoming popular choices, especially in urban settings where short-distance travel is common.

Government initiatives aimed at reducing carbon emissions and promoting clean energy have played a major role in the market's expansion. Tax incentives, subsidies, and rebates have made electric two-wheelers more affordable, encouraging widespread adoption. Many urban areas have also started to invest in the development of charging infrastructure, further boosting the accessibility of electric two-wheelers. With advancements in battery technology, consumers now have access to vehicles with longer ranges and faster charging capabilities, making electric two-wheelers even more practical for daily use.

The growth prospects, the market faces several challenges, including the high initial cost of electric two-wheelers and the limited availability of charging infrastructure in some areas. Range anxiety and the time required to charge batteries continue to be concerns for potential buyers. However, as technology advances and governments continue to support clean transportation initiatives, these obstacles are expected to diminish. The combination of evolving consumer preferences, favorable policies, and technological advancements will drive the electric two-wheeler market's growth in the coming years.

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

The North America Electric Two-Wheeler Market is segmented by battery type into lead acid and lithium-ion (Li-ion) batteries. Lead acid batteries, traditionally used in electric two-wheelers, are cost-effective and widely available. These batteries are often preferred for entry-level electric scooters and motorcycles due to their lower initial cost, despite their shorter lifespan and heavier weight compared to other types of batteries. Lead acid batteries are typically used in low-speed vehicles and short-distance travel applications, where the range and performance demands are less stringent.

Lithium-ion batteries, on the other hand, have gained popularity due to their higher energy density, longer lifespan, and lighter weight. These batteries offer improved performance, with a greater range per charge and faster charging times, making them ideal for urban commuters and longer-distance travel. Li-ion batteries are commonly used in higher-end electric two-wheelers, offering better efficiency and reliability over time. The increasing demand for more powerful, long-lasting, and eco-friendly vehicles has led to the widespread adoption of lithium-ion technology in the electric two-wheeler market.

Both battery types have their advantages and limitations, catering to different segments of the electric two-wheeler market. While lead acid batteries offer a more affordable solution for budget-conscious consumers, lithium-ion batteries are increasingly favored by those seeking better performance and longevity. As the market for electric two-wheelers continues to evolve, the demand for high-performance batteries, particularly lithium-ion, is expected to grow, driven by advancements in battery technology and increasing consumer expectations for efficiency and reliability.

In 2023, Canada emerged as the fastest-growing region in the North America Electric Two-Wheeler Market. The country's commitment to sustainability and environmental responsibility has driven the adoption of electric vehicles, including two-wheelers. Urban areas like Toronto, Vancouver, and Montreal have seen significant growth in the use of electric scooters and motorcycles, supported by government initiatives aimed at reducing carbon emissions and promoting clean transportation solutions. Canada's focus on reducing its transportation sector’s environmental impact has resulted in incentives such as rebates and tax credits, making electric two-wheelers more affordable for consumers.

As charging infrastructure expands across major cities and highways, the convenience of owning and operating electric two-wheelers has increased, further fueling the market's growth. Canada's well-established green policies, combined with growing consumer awareness about environmental issues, continue to drive demand for electric two-wheelers.

The Canadian market also benefits from a growing number of urban commuters seeking cost-effective and efficient alternatives to traditional vehicles. With continued investment in infrastructure and favorable regulatory frameworks, Canada is expected to remain a key player in the electric two-wheeler market in the coming years, contributing to the region's overall growth in North America.

Major market players operating in North America Electric Two-Wheeler Market are:

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

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“The North America Electric Two-Wheeler Market is growing rapidly, with Canada as a key driver due to investments in clean transportation and infrastructure. Government incentives and a focus on sustainability are boosting demand for electric two-wheelers. Expanding charging infrastructure in urban areas supports this growth. Canada's commitment to green policies positions it as a critical contributor to market expansion.” said Mr. Karan Chechi, Research Director of TechSci Research, a research-based global management consulting firm.

“Electric Two-Wheeler Market-North America Industry Size, Share, Trends, Opportunity and forecast, Segmented by Vehicle Type (Scooter/Moped, Electric Motorcycle), By Battery Type (Lead Acid, Li-ion), By Range (Less than 50 Km, 51- 100 Km, above 101 Km), By Region, By Competition, 2019-2029F”, The report evaluates the future growth potential of the North America Two-Wheeler market, offering insights into market size, structure, and projected growth. It aims to provide comprehensive market intelligence to support decision-makers in making informed investment decisions. Additionally, the report identifies and analyzes emerging trends, key drivers, challenges, and opportunities in the North America Two-Wheeler market.

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