Electric Two-Wheeler Market
Report ID: SQMIG25D2015
Report ID: SQMIG25D2015
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Report ID:
SQMIG25D2015 |
Region:
Global |
Published Date: June, 2025
Pages:
195
|Tables:
118
|Figures:
71
Global Electric Two-Wheeler Market size was valued at USD 60.83 Billion in 2024 and is poised to grow from USD 67.04 Billion in 2025 to USD 145.8 Billion by 2033, growing at a CAGR of 10.2% during the forecast period (2026–2033).
The global electric two-wheeler industry is undergoing transformative changes from significant regulatory assistance and altering consumer preferences. With the impact of emissions on climate change, consumers are being promoted to switch from traditional gasoline cars to electric cars.
In addition, partnerships between digital firms and automakers to create intelligent features and connectivity for EVs are beginning to take off. As the electric two-wheeler market grows, it is anticipated that the adoption of these smart technologies will draw in tech-savvy customers.
Are AI-Powered Features the Future of Electric Scooters and Bikes?
The trajectory of the global electric two-wheeler market outlook is changing, with artificial intelligence (AI) making it safer, more connected, and customised. Ola Electric launched the "Roadster Pro" motorcycle in August 2024. For instance, the AI-powered rider assistance systems (ADAS) on the Roadster Pro make riding safer and more enjoyable. Similarly, AtherStack 6, an AI-based platform, connects to Google Maps, supports Alexa voice commands, and allows real-time diagnostics. The Ather Energy 2025 450 series scooters, equipped with AtherStack 6, can do significantly more than assist navigation in an intelligent way. Ultraviolette's Tesseract scooter also has AI features for improved safety in urban areas, including blind spot detection and collision alerts. These improvements exemplify the advancements made by artificial intelligence in electric two wheelers, making riding safer, more intelligent, and more tailored than ever for everyone.
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Global Electric Two-Wheeler Market is segmented by Vehicle, Sharing System, Battery, End Use, Business Model and region. Based on Vehicle, the market is segmented into Electric motorcycle, Electric scooter, E-bikes and Electric kick scooter. Based on Sharing System, the market is segmented into Docked and Dockless (Free-Floating). Based on Battery, the market is segmented into Removable/swappable battery and Fixed/integrated battery. Based on End Use, the market is segmented into Individual consumers, Tourists and Corporate/institutional users. Based on Business Model, the market is segmented into B2C (Business-to-Consumer), B2B (Business-to-Business) and P2P (Peer-to-Peer) sharing. Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa.
As per the 2024 global electric two-wheeler market analysis, the popularity of electric scooters can be attributed to their inexpensive price, city-purpose suitability, and user-friendly nature. Globally, huge demands for its sales are there, as Yadea, the Chinese electric-vehicle company, has recently announced record sales of electric scooters in Europe and Southeast Asia in March 2024. Due to government incentives and incubated urbanization of small areas, this segment is more in demand as a small, emission-free mode of mobility.
The global electric two-wheeler market growth is driven significantly due to the electric motorcycle sector. Although electric scooters continue to be the most widely used electric vehicles, electric motorcycles are gaining popularity due to improved battery technology, increased performance, and consumer demand for quick, long-distance electric cars. With new models that appeal to both city commuters and enthusiasts looking for robust yet environmentally friendly options, major companies are entering this market. For example, Royal Enfield is working on a fast-charging stationary battery for their first electric motorcycle, which is anticipated to be available in the fiscal year beginning in April 2025. This change is a part of a larger movement that is moving away from traditional scooters and toward a greater variety of electric mobility options.
Based on the 2024 global electric two-wheeler market forecast, currently, the personal transportation sector monopolizes the market. This is mainly due to urban people's need for low-cost alternatives to traditional cars with low emissions. Electric scooters, with their low cost, ease of use, and suitability for short trips, are extremely popular. In 2024, electric scooters accounted for over 96% of the global electric two-wheeler market, valued at over USD 16 billion.
The category of commercial delivery will have the largest electric two-wheeler market share due to the rise of e-commerce and the demand for improved last-mile delivery options for consumers. Companies are finding electric two-wheelers to be a cheaper and greener alternative to traditional delivery vehicles. For example, in India, companies such as Yulu, have launched delivery electric scooters, the DeX model, and focus on building products that fulfill the needs of our delivery workers. Commercial delivery is expected to have over 40% of the global electric two-wheeler sales by the end of this year, so it seems this trend is well on its way to continue.
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As per the 2024 electric two-wheeler market regional forecast, with cities growing more crowded and people becoming more concerned about the environment, the North American market, which is valued at more than USD 3.91 billion, is expected to grow rapidly. Harley-Davidson unveiled the DrgnFly, a ground-breaking electric bike that emphasizes sustainability and advanced networking, at CES 2024 in March 2024. They are also more accessible due to the growth of e-bike lending libraries, which are expected to reach more than 50 locations in the US by early 2025. Electric car adoption is also accelerated by government incentives and the construction of charging stations in US and Canadian cities.
The U.S. electric two-wheeler market growth is expected to reach more than USD 9.25 billion by 2032. In March 2024, Harley-Davidson debuted the DrgnFly electric bike at CES 2024. It has the newest networking and performance features. In the US, there are currently about 50 e-bike lending libraries that provide free use of electric bikes for transportation or recreation.
The electric two-wheeler market share is growing in Canada because governments are facilitating the purchase of electric two-wheelers and because the common man is becoming concerned with the environment. In 2024, the Canadian government made announcements regarding incentives for the purchase of electric vehicles, including electric motorbikes and scooters. This is to promote the use of greener modes of transportation. The construction of charging stations in urban areas facilitates the use of electric two-wheelers.
The European electric two-wheeler market benefits from robust government support for sustainable cities and clean mobility. Countries like France and Germany are developing battery technology and the infrastructure needed to charge them, as their values have been steadily increasing since 2024. In January 2025, for example, Germany provided extra incentives to encourage motorcyclists to switch from gas-powered to electric motorcycles. Due to increased demand and government support, e-scooter rental programs are rapidly expanding throughout UK cities.
The UK electric two-wheeler market demand is growing, due to a commitment to sustainable travel by the government, coupled with an increase in public appreciation of the environment. Financial incentives are being offered by the government to stimulate the purchase of electric vehicles, including motorbikes and scooters. The charging infrastructure for your electric two-wheeler is being rolled out in cities to enhance their use for regular commuter travel.
The French electric two-wheeler market growth is expanding rapidly due to urbanization, government subsidies, and environmental concerns. By offering tax credits and subsidies, the French government helps consumers afford electric vehicles. The construction of charging stations and improvements in battery technology are also contributing to the growing demand for electric two-wheelers.
New technology and environmental friendliness are key factors in the German electric two-wheeler market growth. To increase the use of electric bikes and scooters, the nation is concentrating on creating state-of-the-art battery technology and enhancing charging infrastructure. The market is expanding as a result of government policies and incentives that support environmentally friendly transportation options.
The largest electric two-wheeler market is Asia-Pacific. China alone accounted for about 69% of total sales as of 2024. Government regulations, low-cost production, and an increase in urbanization are the main drivers of the region's market expansion. In April 2024, the Indian government expanded the FAME subsidy program to include more reasonably priced electric scooter models, enabling people to purchase them more quickly. South Korea and Japan both desire advanced electric motorcycles. Smart connected e-bikes with an emphasis on performance and design for city dwellers will be released by South Korea in late 2024.
The electric two-wheeler market in Japan is characterized by innovative technologies and useful urban transportation options. The nation's established automotive industry has enabled the production of extremely complex electric bikes that prioritize quality, longevity, and state-of-the-art technologies. Japanese automakers have concentrated on creating vehicles that satisfy urban commuters' demands while adhering to the nation's stringent safety and environmental regulations.
The electric two-wheeler market demand in South Korea is heavily centered on advancing technology and facilitating urban mobility. Advanced electric bikes with the newest features and dependable performance are now possible due to the nation's superior electronics and battery manufacturing capabilities. Korean producers have focused heavily on the quality of their designs and construction, creating goods that appeal to urbanites who value style.
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Government Grants and Incentives
Growing Urbanization and Environmental Consciousness
Inadequate Charging Infrastructure
High Initial Cost in Comparison to Internal Combustion Engine Cars
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Companies in the fiercely competitive electric two-wheeler market are employing tactics like diversifying their product lines, establishing strategic alliances, and entering new markets. Research & development is the focus of Hero Electric, Ather Energy, and NIU Technologies to improve battery performance and incorporate intelligent features. More people use the technology when government agencies and businesses that provide charging infrastructure collaborate. You must set prices, provide quality after-sales support, and manufacture locally if you want a larger share of the market.
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Correlates, and Analyses the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.
As per SkyQuest analysis, as more people are relocating to urban areas, the government is making electric two-wheelers easier to use, and people are becoming more concerned about the environment, the global electric two-wheeler market is expanding rapidly. The growing appeal of the market, supported by advances in battery technology and increased smart features, is counterbalanced by high upfront costs to buy and a limited charging infrastructure. The shared mobility and commercial delivery space has also received increased focus, resulting in new business opportunities. Despite the strong existing competition, there remains ample opportunity for companies to grow in the realm of environmentally sustainable, high performing, user-friendly battery powered electric two-wheelers. This may be accomplished by engaging in innovative design and forming unique partnerships.
| Report Metric | Details |
|---|---|
| Market size value in 2024 | USD 60.83 Billion |
| Market size value in 2033 | USD 145.8 Billion |
| Growth Rate | 10.2% |
| Base year | 2024 |
| Forecast period | 2026–2033 |
| Forecast Unit (Value) | USD Billion |
| Segments covered |
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| Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
| Companies covered |
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| Customization scope | Free report customization with purchase. Customization includes:-
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Table Of Content
Executive Summary
Market overview
Parent Market Analysis
Market overview
Market size
KEY MARKET INSIGHTS
COVID IMPACT
MARKET DYNAMICS & OUTLOOK
Market Size by Region
KEY COMPANY PROFILES
Methodology
For the Electric Two-Wheeler Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Electric Two-Wheeler Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
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With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Electric Two-Wheeler Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
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Global Electric Two-Wheeler Market size was valued at USD 60.83 Billion in 2024 and is poised to grow from USD 67.04 Billion in 2025 to USD 145.8 Billion by 2033, growing at a CAGR of 10.2% during the forecast period (2026–2033).
Gogoro Limited, Hero Electric Vehicles Pvt. Ltd., Jiangsu Xinri E-Vehicle Co. Ltd., VMOTO SOCO ITALY SRL, Yadea Group Holdings Ltd., AIMA Inc., Ather Energy Limited, Bajaj Group, BMW AG, Greaves Electric Mobility Limited, Helbiz, Jiangsu Xinri E-Vehicle Co., Ltd, Kawasaki Motors Corp., U.S.A, Niu International, Ola Electric Mobility Ltd, TVS Motor Company, Vmoto Limited, Yadea Technology Group Co., Ltd, Zero Motorcycles Inc.
The key driver of the electric two-wheeler market is the increasing demand for eco-friendly and cost-effective transportation, driven by rising fuel prices, government incentives and subsidies, stringent emission regulations, and growing urbanization that favors compact, sustainable mobility solutions.
A key market trend in the electric two-wheeler market is the adoption of advanced battery technologies, including lithium-ion and solid-state batteries, along with connected and smart features, offering longer range, faster charging, and enhanced performance for consumers.
Asia-Pacific accounted for the largest share in the electric two-wheeler market, driven by high demand in countries like China and India, supportive government policies, growing urbanization, and increasing adoption of affordable and sustainable transportation solutions.
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