North America Electric Two-Wheeler Market to be Led by Small Business Segment Through 2028

Rising concerns regarding the environment, traffic congestion due to urbanization, advancement in battery technology, and government initiatives are leading the growth of electric two-wheeler market in North America during the forecast period.

 

 

According to TechSci Research report, “North America Electric Two-Wheeler Market – By Country, Competition, Forecast & Opportunities, 2028F,” the North America electric two-wheeler market is expected to surge substantially during the forecast period, due to environmental concerns, government regulations for emissions, increasing electric two-wheeler models, improving battery technology, and urbanization. Electric two-wheelers are becoming popular in North America and witnessing robust growth year on year especially in the urban areas. The two-wheelers come with various benefits like affordability, low maintenance, convenience, ease of navigation, etc, leading to the growth in their demand. Because of their convenience, electric two-wheelers are becoming popular throughout the continent. They are especially gaining demand from the shared mobility and delivery market because of their bulk use in these type of markets in the countries. Because of rapid urbanization, cities are now filled with traffic jams. In such areas, two-wheelers are proved to be better for commuting within the cities. Moreover, the charging infrastructure is mostly developed in urban areas, making electric two-wheelers more beneficial in cities, and thus increasing the market Publicly accessible EV charging will become more and more important as the number of EVs on the road increases. Governments have responded by supporting EV charging infrastructure by providing direct investment in EV charging infrastructure or by offering incentives for EV users to install EV charging points in their homes. In some areas, building codes may impose new construction or significant refurbishments to include EV charging points, such as in apartment blocks or retail spaces.  

 

The continuous support from government in regulating the emission standards is directly helping the growth of electric two-wheeler market in North America. Advanced Clean Cars II came into effect in 2022, setting the next generation of low emissions and zero emissions vehicle (LEV) standards for the model years, 2022-2035. These standards are designed to help meet federal ozone and ambient air quality standards and California's carbon neutrality goals. One of the Canadian government’s initiatives that is positively impacting the North American e-scooter and motorcycle market, is the rebate for low-speed e-bikes offered by British Columbia’s specialty-use vehicle incentive program (SUVI). The rebate for e-bikes in British Columbia ranges from CAD$1,524 to $2,000.

 

The two-wheeler market in North America is divided among the scooter/moped and motorcycle. Among these two categories, electric scooters have more market share because they are a popular choice among the shared mobility companies. Moreover, they have more product choices among scooters as compared to electric motorcycles. However, electric motorcycles are getting attention because many companies are launching more models of electric motorcycles. Based on the battery type, the market is segmented into lithium-ion, lead acid, and nickel metal hydride. The introduction of lithium-ion batteries in the electric two-wheeler market has seen a significant rise in popularity. Most of the current generation of two-wheelers are still powered by these batteries. Lithium-ion batteries provide an improved power-to-weight ratio, enhanced performance at higher temperatures, and a reduced self-rate when compared to conventional batteries. Furthermore, these batteries offer a greater capacity to withstand one full charge over an extended period. Furthermore, a considerable portion of these batteries can be recycled, making them an environmentally friendly option. When electric cars first came out, most of them used lead-acid battery packs. But it's still in its early days. Lead-acid batteries don't have much energy density and they're also a bit heavy. The cost of making them is lower, but they're not good for long-time use. The discharge depth is limited, which directly affects the longevity of the car. In the end, lead acid batteries end up costing more because they don't last as long. These batteries have been around for a while but have mostly been used in hybrid cars - electric and ICE - and are less likely to leak or explode. However, they're also more expensive. The Ni-MH battery can deteriorate quickly in extreme temperatures, so it's not the best choice for everyone. Still, their temperature range is impressive and they're safe and dependable.

 

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The North America Electric Two-Wheeler market is analyzed based on vehicle type, battery type, battery capacity, range, and by country. Based on vehicle type, the market is segmented into scooters/moped and motorcycle in which electric scooters are dominating in the market. Based on battery type, the market is segmented into Li-ion, lead acid, and nickel metal hydride in which Li-ion has captured the majority of the market. Based on battery capacity, the market is divided into 0-2 kWh, 2 kWh – 2.5 kWh, and greater than 2.5 kWh, in which the maximum number of vehicles lie in the range of less than 2 kWh. Based on range, the market segmented into less than 50 km, 50-100 km, 101-150 km, and greater than 150 km. Based on country, the market is segmented into Canada, United States, and Mexico.

 

Key market players in the North America Electric Two-Wheeler market include:

• Zero Motorcycles Inc.
• Hero Electric Vehicles Pvt. Ltd
• Vmoto Limited
• AIMA Technology Group Co. Ltd
• Dongguan Tailing Electric Vehicle Co. Ltd
• Piaggio & C. SpA
• Ather Energy Pvt. Ltd
• Energica Motor Company
• Honda Motor Co. Ltd
• Gogoro Inc.

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“The rising urbanization, environmental concerns, advancement in battery technology, reasonable vehicles prices, increase in number of vehicle choices, etc., are pushing the growth of electric two-wheeler market in recent years. Additionally, the increasing number of government initiatives, such as tax rebates, subsidies, emission regulations, and charging infrastructure development are projected to positively impact the North America electric two-wheeler market during the forecast period.” said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm.

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