Europe Electric Two-Wheeler Market to be Led by scooter 2028
The rising awareness of
environmental concerns and the need for sustainable transportation solutions,
along with supportive government regulations and incentives promoting the
adoption of electric vehicles and technological advancements in battery
technology, which have improved the performance and range of electric
two-wheelers are factors that are driving the Europe electric two-wheeler market
in the forecast period 2024-2028.
According to TechSci Research report,
“Europe Electric Two-Wheeler Market
– By Region, Competition, Forecast & Opportunities, 2028,” the
increasing consciousness of environmental issues and the demand for sustainable
transportation solutions, coupled with government regulations and incentives
promoting the adoption of electric vehicles, are driving the market's growth.
Furthermore, advancements in battery technology have significantly enhanced the
performance and range of electric two-wheelers.
The Europe electric two-wheeler
market is currently experiencing a remarkable growth and transformation, fueled
by several key factors. With the increasing awareness of environmental concerns
and the pressing need for sustainable transportation solutions, the demand for
electric vehicles (EVs) in the region has soared to unprecedented heights. As a
result, electric two-wheelers, encompassing electric scooters, motorcycles, and
bicycles, have emerged as a popular choice for eco-conscious individuals
seeking an efficient and environmentally friendly mode of transportation. These
electric vehicles not only offer reduced carbon emissions but also provide a
cost-effective and convenient alternative to traditional gasoline-powered
counterparts. The growing network of charging infrastructure and government
incentives further contribute to the rapid adoption of electric two-wheelers,
making them an integral part of the evolving mobility landscape in Europe.
One of the driving forces behind the
growth of the electric two-wheeler market in Europe is the supportive
regulatory environment. Several European countries have implemented stringent
emission regulations and incentives to promote the adoption of electric
vehicles. These incentives include subsidies, tax benefits, and reduced
registration fees for electric two-wheelers, making them more affordable and
attractive to consumers.
Furthermore, recent advancements in
battery technology have revolutionized the performance and range of electric
two-wheelers. Specifically, the utilization of lithium-ion batteries, which are
widely adopted in electric vehicles, has proved to be a game-changer. These
batteries not only offer higher energy density for improved efficiency but also
facilitate faster charging times, minimizing the wait time for riders.
Moreover, they boast a longer lifespan, addressing one of the primary concerns
of potential buyers - range anxiety. With these advancements, electric
two-wheelers are becoming increasingly attractive, offering a greener and more
convenient mode of transportation.
In addition to government incentives
and technological advancements, the growing urbanization and congestion in
major European cities have led to a greater demand for alternative transportation
solutions. Electric two-wheelers offer a practical and convenient means of
commuting in crowded urban areas, allowing for easy maneuverability and reduced
parking hassles. Moreover, the compact size and low operating costs of electric
two-wheelers make them an appealing option for short-distance travel, which
aligns well with the needs of urban dwellers.
The electric two-wheeler market in
Europe is also witnessing increased investment and collaboration from both
established automotive manufacturers and new entrants. Major automotive
companies are launching their lines of electric scooters and motorcycles, while
start-ups are introducing innovative and stylish electric two-wheelers to cater
to diverse consumer preferences.
As the market continues to mature,
charging infrastructure is becoming more widespread, addressing another concern
for potential buyers. The availability of charging stations and the convenience
of charging electric two-wheelers at home or workplace further enhances the
appeal of these vehicles.
However, despite the promising
growth prospects, the electric two-wheeler market in Europe faces some
challenges. The initial higher cost of electric two-wheelers compared to
conventional gasoline-powered counterparts is a consideration for some
consumers. While the total cost of ownership over the vehicle's lifetime may be
lower due to reduced maintenance and fuel expenses, the higher upfront cost can
deter price-sensitive buyers.
Browse over xx market data Figures
spread through xx Pages and an in-depth TOC on "Europe
Electric Two-Wheeler Market."
"Europe Electric Two-Wheeler Market
is analyzed based on vehicle type, by Battery Capacity, by Battery Type, and by
Country. Based on the vehicle type the market is segmented into Scooter/Moped
& Motorcycle. Based on the Battery Capacity the market is divided into less
than 25Ah and more than 25Ah. Based on the battery Type the market is divided
into Lead Acid and Li-ion. and lastly based on the Country the market is
divided into Netherlands, Spain, Italy, Austria, and Germany.
Key market players in the Europe
Electric two-wheeler market include:
·
Yadea Group Holdings
Ltd.
·
AIMA Technology Co.,
Ltd.
·
Jiangsu Xinri E-Vehicle
Co., Ltd.
·
Zhejiang Luyuan Electric
Vehicle
·
Dongguan Tailing
Electric Vehicle Co., Ltd.
·
Shandong Incalcu
Electric Vehicle Co., Ltd.
·
Hero Electric Vehicles
Pvt Ltd.
·
Okinawa Autotech Pvt.
Ltd.
·
Gogoro, Inc.
·
Zero Motorcycles, Inc.
Everest Industries Ltd.
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“The Europe electric two-wheeler
market is on a growth trajectory, driven by environmental concerns, supportive
regulations, technological advancements, and changing urban mobility needs. As
the market continues to evolve, addressing cost concerns and expanding charging
infrastructure is also accelerating the adoption of electric two-wheelers
across the region. Additionally, the increasing number of government
initiatives, are projected to positively impact the Europe Electric two-wheeler
market during the forecast period.” said Mr. Karan Chechi, Research Director
with TechSci Research, a research based global management consulting firm.
“Europe Electric Two-Wheeler Market, By Vehicle Type (Scooter/Moped & Motorcycle), By Battery Capacity
(<25Ah & >25Ah), By Battery Type (Lead Acid, Li-ion & NiMH), By
Country (France, Netherlands, Spain, etc.), Competition Forecast &
Opportunities, 2018-2028.,” has evaluated
the future growth potential of electric two-wheeler market in Europe and
provides statistics and information on market structure, size, share and future
growth. The report is intended 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 present in Europe Electric two-wheeler market.
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