Global Electric Vehicle Two-Wheeler Market to Grow at a CAGR of 9.60% through 2030
Rising fuel prices,
increasing urbanization, and strong policy support for zero-emission mobility
are the factors driving the market in the forecast period 2026–2030.
According to TechSci Research report, “Electric Vehicle Two-Wheeler
Market – Global Industry Size, Share, Trends, Opportunity, and Forecast, 2020-2030F”,
The Global Electric Vehicle Two-Wheeler Market was valued at USD 126.04 billion
in 2024 and is expected to reach USD 218.46 billion by 2030 with a CAGR of
9.60% during the forecast period.
The electric two-wheeler market is expanding swiftly, fueled by growing
consumer interest in eco-friendly transportation solutions. Manufacturers are
channeling investments into innovative designs and advanced battery technology
to meet rising performance standards. A wide range of models across different
price points is making electric two-wheelers more accessible to urban and
semi-urban riders. Improvements in charging networks and vehicle range are
easing range anxiety and persuading consumers to transition from traditional
vehicles. Evolving lifestyles, especially among younger demographics who value
sustainability and tech-savvy commuting, are influencing market trends.
Technological advancements in vehicle parts and digital features like app-based
diagnostics and navigation are enhancing user satisfaction.
Globally, supportive government measures, including subsidies, tax
perks, and registration benefits, are accelerating electric two-wheeler
adoption. Policies promoting zero-emission zones and phasing out fossil fuel
vehicles are boosting demand for electric alternatives. Environmental
regulations are compelling manufacturers to adopt cleaner technologies, driving
innovation. The integration of IoT, GPS, and smart sensors is optimizing energy
use and tracking. Fleet operators in e-commerce and delivery sectors are
shifting to electric two-wheelers to lower costs and meet sustainability
targets. Financial institutions are facilitating this transition by offering
flexible loans and attractive financing options for EV buyers.
Yet, several challenges remain despite positive growth prospects.
Variations in product quality, steep battery replacement costs, and low resale
values are notable concerns. Uneven charging infrastructure across regions
discourages confidence in longer trips. Battery performance issues under
extreme temperatures are significant barriers. Potential buyers also worry
about battery life spans and safe disposal of lithium-ion units. A lack of
skilled technicians for maintenance and aftersales services further impedes
adoption in certain areas. Sustaining growth will require industry players to
tackle these operational challenges while innovating in products, pricing
strategies, and infrastructure to align with shifting consumer needs.
Browse over XX market data Figures spread through XX Pages and an
in-depth TOC on "Electric Vehicle Two-Wheeler Market"
Electric
Vehicle Two-Wheeler Market Is Segmented By Range, Battery Capacity, Battery,
Vehicle and Region.
The
global electric vehicle two-wheeler market, segmented by range into Less than
50 km, 50-100 km, 101-150 km, and Above 150 km, reflects diverse consumer needs
and usage patterns. Models with less than 50 km range are popular for short
urban commutes and cost-sensitive buyers, offering affordable options for basic
mobility. The 50-100 km segment commands significant share due to its balance
of price and practicality, making it ideal for daily city travel. Demand for
101-150 km models is rising, driven by consumers seeking extended range for
intercity commutes and fewer charging stops. Vehicles exceeding 150 km range
are attracting premium buyers and commercial fleets needing robust performance
and long-distance capability. Technological advancements in batteries, motor
efficiency, and lightweight materials are pushing boundaries across all range
segments, making electric two-wheelers increasingly competitive with
conventional alternatives. As infrastructure improves and costs decline,
higher-range segments are expected to grow substantially.
The
Middle East and Africa (MEA) are emerging as fast-growing regions in the
electric vehicle two-wheeler market, propelled by several key factors.
Urbanization and traffic congestion in major cities are driving interest in
compact, efficient mobility solutions. Governments across parts of MEA are
introducing sustainability initiatives, clean mobility targets, and incentives
for electric vehicle adoption to reduce carbon emissions and reliance on fossil
fuels. Affordable electric two-wheelers offer an attractive solution for daily
commuting, especially in regions where fuel prices remain volatile. The
youth-dominated population is also increasingly receptive to eco-friendly and
tech-driven mobility options, spurring demand. Moreover, rising e-commerce and
delivery sectors in African and Middle Eastern economies are exploring electric
two-wheelers to cut operational costs and align with sustainability goals.
While infrastructure gaps persist, growing investments in charging networks and
regional manufacturing capabilities are positioning MEA as a promising frontier
for future electric two-wheeler expansion.
Major Market
Players Operating in Global Electric Vehicle Two-Wheeler Market Are:
- Ampere Vehicles Private Limited
- Deco Green Energy Co., Ltd.
- Hero Electric Vehicles Pvt. Ltd.
- Honda Motor Company, Ltd.
- Jiangsu Xinri E-Vehicle Co.,
Ltd.
- Niu International
- Okinawa Autotech Pvt. Ltd.
- Viar Motor Indonesia
- Yadea Technology Group Co., Ltd.
- Zero Motorcycles, Inc.
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“The global
electric vehicle two-wheeler market is growing rapidly, fueled by demand for
sustainable urban mobility, government incentives, and advancements in battery
technology. Segmentation by range caters to varied needs—from short city rides
under 50 km to premium models exceeding 150 km for longer travel and commercial
use. Middle East and Africa are emerging as dynamic growth regions, driven by
urbanization, eco-friendly policies, and rising e-commerce logistics needs.
Despite challenges like battery costs and charging gaps, manufacturers are
innovating with smart features and diverse price points. The market is poised
for sustained expansion as consumers embrace electric alternatives for
cost-effective, cleaner transportation.” said Mr. Karan Chechi, Research
Director at TechSci Research, a global research-based management consulting
firm, these trends are expected to contribute significantly to the market's
expansion.
The report titled “Electric
Vehicle Two-Wheeler Market – Global Industry Size, Share, Trends, Opportunity,
and Forecast, Segmented By Vehicle (Scooter/Mopeds, Motorcycle), By Range (Less
than 50Km, 50-100Km, 101-150Km, Above 150Km), By Battery Capacity (<25Ah,
>25Ah), By Battery (Lead Acid, Lithium-ion) By Region, By Competition, 2020-2030F”,
assesses the market's future growth potential and provides data on market size,
trends, and forecasts. It aims to offer comprehensive market insights, helping
decision-makers make informed investment choices. The report also highlights
emerging trends, key drivers, challenges, and opportunities in the Global Electric
Vehicle Two-Wheeler Market.
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