The total worth of the global electric motorcycle and scooter market is expected to exceed US$ 14.29 Bn by the end of 2027. Besides, it is estimated that the global electric motorcycle and scooter market would expand at a formidable CAGR of 7.10% over the period between 2019 and 2027.

Mobility has become an important component of the smart city framework of cities, and this trend shall pave the way for the popularity of electric motorcycles and scooters.

Automobile manufacturers are on a quest to go green in their approach and are reciprocating to the demand for sustainable technologies. Therefore, electric motorcycles and scooters have become a reality across several regions

Governments have begun providing incentives to automobile manufacturers who manufacture electric vehicles. This is done to encourage a larger number of manufacturers towards developing resilient and performance-oriented electric vehicles. The need to reduce air pollution and carbon emissions have led governments and other industries to take multiple measures and initiatives at administrative and industrial levels. Development of electric motorcycles and scooters is also a part of these initiatives

The development of lithium-ion batteries with high output per charging has also helped in developing electric motorcycles. These batteries are used in electric vehicles and are considered as the next-generation powering technology for automobiles. Rechargeable batteries shall help manufacturers in taking bold decisions about shifting their primary products from fuel-powered vehicles to electric ones.

The growth of the global electric motorcycle and scooter market is a function of advancements in green energy technologies. The focus of energy scientists on using electric vehicles has had a positive impact on the growth dynamics of automobile manufacturers. These manufacturers have a large playfield of opportunity that they can optimize by developing electric bikes and motorcycles.

The leading vendors in the global electric motorcycle and scooter market are looking at tapping into the needs and requirements of the masses. The growing inclination of the people towards sustainable standards of living has benefitted these vendors. Some of the leading manufacturers of electric scooters and motorcycles are Honda Motors, Lightning Motorcycle Corp., KTM Sport motorcycle GmbH, Lima Electric Vehicle Co. Ltd., Piaggio & C. SpA, and Mahindra & Mahindra Ltd.