Asia-Pacific Electric Two-Wheeler Market By Vehicle Type (Scooter/Moped & Motorcycle), By Battery Capacity (<25Ah & >25Ah), By Battery Type (Lead Acid & Lithium Ion), By Country, Competition, Forecast & Opportunities, 2020-2030F

Market Overview

Asia-Pacific Electric Two-Wheeler Market was valued at USD 15.38 Billion in 2024 and is expected to reach USD 38.85 Billion by 2030 with a CAGR of 12.5% during the forecast period. The Asia-Pacific electric two-wheeler market is undergoing a rapid transformation driven by a surge in urbanization and evolving mobility needs. Consumers are shifting preferences toward cost-effective, efficient, and sustainable transportation solutions. As traditional internal combustion engine vehicles face scrutiny over emissions and operating costs, electric two-wheelers present a compelling alternative. Manufacturers are investing in advanced battery technologies, expanding model portfolios, and collaborating with tech firms to integrate smart features. The proliferation of shared mobility services and e-commerce logistics is also pushing demand, particularly in densely populated urban areas where electric scooters and bikes offer operational flexibility and low maintenance.

Market Drivers       

Technological Advancements in Battery Efficiency

Innovations in battery technology are significantly enhancing the appeal of electric two-wheelers. Improvements in lithium-ion batteries have resulted in better energy density, longer range, and shorter charging times. Solid-state batteries are gaining attention due to their potential for higher safety and lifecycle benefits. These advancements reduce range anxiety and increase performance reliability. Enhanced battery efficiency also lowers the total cost of ownership by reducing maintenance and charging frequency, making electric two-wheelers more viable for both urban commuting and commercial use.

Government Policies and Incentives

Supportive government policies are crucial in stimulating the adoption of electric two-wheelers. Measures such as tax exemptions, direct purchase subsidies, reduced registration fees, and import duty reductions have played a vital role in making electric models more affordable. Regulatory frameworks also support local manufacturing through incentives, creating an enabling ecosystem for OEMs and suppliers. Mandates on emission reduction and electric vehicle adoption targets further accelerate the shift toward clean mobility, reinforcing policy-driven growth. In September 2024, the Indian government approved USD 1.3 billion incentive scheme called PM E-DRIVE to promote electric vehicles (EVs). The scheme allocates INR 109 billion for subsidies on various EVs, including two-wheelers, three-wheelers, ambulances, and trucks. Specifically, INR 5 billion is earmarked for e-ambulances, INR 5 billion for incentivizing the replacement of polluting trucks with e-trucks, and INR 43.91 billion for public transport agencies to purchase 14,028 electric buses. Additionally, the initiative aims to enhance EV charging infrastructure and encourage new technologies. The government targets increasing EV adoption to 30% of new vehicle registrations by 2030.

Urban Congestion and Traffic Solutions

Electric two-wheelers are well-suited for congested urban environments. Their compact size, silent operation, and agility make them ideal for short-distance travel and last-mile connectivity. Cities facing chronic traffic congestion benefit from the ease and efficiency electric scooters and bikes offer. They reduce strain on public transport systems and cut down travel time for users. These advantages are pushing demand in metro and tier-two cities where space and time are at a premium. Environmental concerns are influencing buyer behavior, particularly among younger, eco-conscious consumers. Electric two-wheelers emit zero tailpipe emissions, helping reduce urban air pollution and carbon footprints. Public awareness campaigns and environmental education are amplifying the benefits of green transportation. Consumers are more willing to adopt clean technologies that align with their values, encouraging a socially driven market expansion.

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Key Market Challenges

High Initial Purchase Cost

Despite decreasing battery prices, the upfront cost of electric two-wheelers remains higher than their internal combustion counterparts. The inclusion of advanced components like lithium-ion batteries, electronic controllers, and smart systems inflates the price. For price-sensitive consumers, this remains a deterrent. Limited access to financing options or higher interest rates for EV loans further restrict affordability, especially in lower-income segments.

Inadequate Charging Infrastructure

The lack of a widespread and reliable charging network limits user convenience and confidence. Many users are reluctant to switch to electric models due to uncertainty around charging availability. Public charging stations are often concentrated in select areas, leaving gaps in suburban or rural regions. The absence of standardized connectors and charging speeds also creates interoperability issues among brands.

Key Market Trends

Rise of Battery Swapping Technology

Battery swapping is emerging as a practical alternative to traditional charging. It enables users to exchange depleted batteries for fully charged ones at swap stations, significantly reducing downtime. This model is gaining traction among fleet operators and delivery businesses that require high vehicle utilization. Battery-as-a-service models are also being explored, lowering the cost barrier for end users by decoupling the battery from the vehicle purchase. In 2025, the Delhi government introduced a revamped electric vehicle policy aimed at generating at least 20,000 jobs through the expansion of charging and battery swapping infrastructure. With over 4,646 charging points and 250 swapping stations already in place across 50 locations, the policy focuses on addressing range anxiety and encouraging greater EV adoption. The new policy emphasizes the creation of a robust EV charging network at regular intervals to ensure comprehensive access. The original 2020 EV policy, which has been extended multiple times, offers incentives such as subsidies of INR 5,500 for e-cycles, INR 30,000 for e-rickshaws and e-carts, INR 5,000 per kWh for two-wheelers (capped at INR 30,000), and INR 30,000 for light commercial EVs. The government targets 95% EV adoption among new vehicle registrations by 2027 and aims for full recharging infrastructure coverage by 2030.

Shift Toward Lightweight and Compact Designs

Manufacturers are focusing on reducing vehicle weight to improve energy efficiency and maneuverability. Lightweight materials like aluminum alloys and composite plastics are being used to create sleeker, more efficient models. Compact design appeals to urban riders navigating narrow streets and limited parking. Lighter vehicles also require smaller batteries, which further reduces cost and charging needs. Domestic production of key EV components is becoming a strategic priority. Governments and private players are investing in local battery manufacturing, motor assembly, and electronics fabrication. This trend is expected to reduce import dependency, lower costs, and increase supply chain resilience. Encouraging local innovation also fosters the development of region-specific designs and performance features suited to consumer preferences.

Expansion of E-Commerce and Last-Mile Delivery

The booming e-commerce sector is fueling demand for efficient delivery solutions. Electric two-wheelers provide a low-cost, low-emission option for last-mile logistics. Fleet operators are adopting EVs to comply with sustainability targets and reduce operational expenses. Specialized cargo e-scooters with increased storage capacity are being designed to meet business needs, pushing commercial adoption. Asia Pacific accounts for 62.6% of global e-commerce, making it the world’s largest and most dynamic online retail region. It spans mature giants like China and South Korea and fast-growing markets like India and Indonesia. The region also leads in setting global e-commerce trends such as social commerce, quick commerce, and live commerce which are now being adopted in Western Europe and the U.S., reinforcing Asia Pacific’s role as both a growth engine and trendsetter in the global digital economy.

Segmental Insights

Vehicle Type Insights

The Asia-Pacific electric two-wheeler market comprises two primary vehicle types: scooters/mopeds and motorcycles. Each category caters to distinct consumer needs and usage patterns. Scooters and mopeds are typically favored for their ease of use, compact design, and suitability for short-distance urban commuting. These vehicles appeal to a broad range of users, including students, working professionals, and delivery service riders. Their automatic transmission, lightweight frame, and low-speed capabilities make them convenient for navigating congested city streets and tight parking spaces. The affordability of electric scooters and their compatibility with battery-swapping infrastructure make them a practical choice for everyday transportation in high-density areas. The integration of smart connectivity, mobile app support, and energy-efficient features in scooters has further enhanced their adoption among tech-conscious urban users. Electric motorcycles, on the other hand, are gaining attention among consumers seeking higher performance, longer range, and enhanced road presence. These vehicles are generally equipped with larger battery packs, offering greater acceleration and speed compared to scooters. Motorcycles are suited for users who commute longer distances or require a vehicle capable of handling diverse road conditions. Enthusiasts also find value in electric motorcycles for their torque delivery and minimal mechanical noise. As battery and motor technology progresses, electric motorcycles are beginning to match the performance of conventional models, drawing interest from riders who traditionally favored petrol-powered alternatives.

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Country Insights

In 2024, China led the Asia-Pacific electric two-wheeler market due to strong policies, advanced manufacturing, and high consumer acceptance. Strict emissions regulations and long-term subsidies pushed both producers and buyers toward electric models. Investments in battery-swapping and charging infrastructure created a dense urban EV ecosystem where electric two-wheelers became mainstream, especially in cities. A well-integrated supply chain allowed cost-effective production of diverse models for commuters and logistics. Growth was further boosted by e-scooter rentals and sharing services supported by favorable regulations. Delivery services widely adopted electric two-wheelers for their low costs and clean operation. Consumers favored them for their low maintenance, digital connectivity, and convenience features like real-time battery monitoring and navigation, reflecting China’s broader shift toward smart mobility and tech-driven transport solutions.

Recent Developments

• In August 2024, Ola Electric unveiled its inaugural electric motorcycle lineup, the Roadster series, at the Sankalp 2024 event. The series comprises three variants: Roadster, Roadster X, and Roadster Pro, with prices ranging from ₹74,999 to ₹249,999. The Roadster X boasts a peak motor output of 11 kW, making it the fastest electric motorcycle in its segment, while the Roadster Pro offers a 16 kWh battery providing a range of 579 km. Deliveries for the Roadster X and Roadster are scheduled to commence in January 2025, with the Roadster Pro following by Diwali 2025. This launch signifies Ola Electric's strategic entry into the electric motorcycle market, aiming to capture a significant share of India's two-wheeler segment.
• In May 2025, Komaki introduced the CAT 2.0 Eco electric scooter, targeting the commercial electric vehicle segment for last-mile delivery and utility purposes. Priced at ₹69,999 (ex-showroom), the CAT 2.0 Eco is designed to appeal to business users seeking economical and environmentally friendly transportation solutions. While detailed features and specifications are yet to be elaborated, the scooter's launch reinforces Komaki's commitment to expanding its EV lineup for the growing segment of commercial electric mobility.
• In January 2025, Ultraviolette launched the UVLYNC charging interface, a Type 2 connector allowing all electric two-wheelers in India to access over 4,000 AC car charging stations. This initiative aims to enhance the convenience and accessibility of charging infrastructure for electric two-wheeler users, addressing one of the key barriers to EV adoption. By integrating with existing car charging networks, Ultraviolette is facilitating a more seamless and widespread charging experience for electric two-wheeler owners across the country. 
• In 2024, Ola Electric led the Indian electric two-wheeler sales with 344,009 units sold (30% market share), but its growth slowed to 4% YoY, and market share dropped from 35% to 30%. Sales peaked in October 2024 but declined each subsequent quarter.

Key Market Players

• Ola Electric Mobility Private Limited
• Ather Energy Private Limited
• Hero Electric Vehicles Private Limited
• Bajaj Auto Limited
• TVS Motor Company Limited
• Greaves Electric Mobility Private Limited
• Komaki Electric Vehicle Division (KLB Komaki Private Limited)
• Ultraviolette Automotive Private Limited
• BYD Company Limited
• Vmoto Limited

Report Scope:

In this report, the Asia-Pacific Electric Two-Wheeler Market has been segmented into the following categories, in addition to the industry trends which have also been detailed below:

•          Asia-Pacific Electric Two-Wheeler Market, By Vehicle Type:

o    Scooter/Moped

o    Motorcycle

•         Asia-Pacific Electric Two-Wheeler Market, By Battery Capacity:

o    <25Ah

o    >25Ah

•         Asia-Pacific Electric Two-Wheeler Market, By Battery Type:

o    Lead Acid

o    Lithium Ion

•         Asia-Pacific Electric Two-Wheeler Market, By Country:

o    China

o    India

o    Japan

o    Vietnam

o    Indonesia

o    Australia

o    Rest Of Asia Pacific

Competitive Landscape

Company Profiles: Detailed analysis of the major companies presents in the Asia-Pacific Electric Two-Wheeler Market.

Available Customizations:

Asia-Pacific Electric Two-Wheeler Market report with the given market data, TechSci Research, offers customizations according to the company’s specific needs. The following customization options are available for the report:

Company Information

• Detailed analysis and profiling of additional market players (up to five).

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