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, Li-ion) By Region, By Competition, 2020-2030F

Forecast Period	2026-2030
Market Size (2024)	USD 126.04 billion
CAGR (2025-2030)	9.60%
Fastest Growing Segment	Lithium Ion
Largest Market	Asia Pacific
Market Size (2030)	USD 218.46 billion

 

Market Overview

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 witnessing rapid expansion driven by increased consumer interest in sustainable transportation alternatives. Manufacturers are investing in new product designs and battery technologies to meet evolving performance expectations. The availability of models across various price segments is enabling broader adoption among urban and semi-urban commuters. According to the International Energy Agency (IEA), global electric two-wheeler stock exceeded 55 million units in 2023, accounting for over 85% of all electric two-wheelers worldwide, led by China, India, and Southeast Asia.

Charging infrastructure expansion and better vehicle range are reducing range anxiety, encouraging users to shift from conventional to electric alternatives. Shifting lifestyle preferences among younger consumers, who prioritize environmentally conscious choices and tech-enabled commuting, are shaping the market’s future direction. Technological innovation in vehicle components, coupled with digital integration such as app-based diagnostics and navigation, are further enhancing the user experience.

Government policies across many regions are supporting the adoption of electric two-wheelers through subsidies, tax benefits, and vehicle registration incentives. As governments push for zero-emission zones and set targets for fossil fuel vehicle phaseouts, the demand for electric alternatives is gaining traction. Environmental concerns and emission regulations are pressuring manufacturers to comply with cleaner technologies, fueling product development. Integration of IoT, GPS, and smart sensors into vehicles is improving energy management and tracking capabilities. Fleet-based operators, including e-commerce and delivery service providers, are increasingly transitioning to electric two-wheelers to reduce operational costs and comply with sustainability goals. Financial institutions are also supporting adoption through flexible financing models and low-interest loans for EV buyers.

Despite the strong growth outlook, challenges such as inconsistent quality standards, high battery replacement costs, and limited resale value persist. The disparity in charging availability across different geographies limits consumer confidence in long-distance commuting. Battery performance degradation in extreme weather conditions remains a critical issue. Many potential buyers are concerned about the lifespan and disposal of lithium-ion batteries. Technical skill gaps in aftersales services and maintenance also hinder adoption in certain markets. To sustain long-term growth, industry stakeholders must address these operational barriers while continuing to innovate in product, pricing, and infrastructure strategies to match evolving consumer expectations.

Market Drivers

Fuel Price Volatility

Escalating fossil fuel prices have made electric mobility more cost-effective over time. Consumers facing rising daily commuting costs are actively seeking affordable alternatives. Electric two-wheelers offer a substantially lower cost per kilometer, making them attractive to a wide demographic. As conventional fuels remain subject to market volatility and global supply disruptions, electric vehicles present a predictable and stable long-term operating cost. This economic appeal is influencing buyers across personal and commercial segments. The shift is further supported by the growing number of financing options and leasing models that make electric vehicles financially accessible. The cost gap between electric and combustion two-wheelers continues to shrink, especially when factoring in reduced maintenance and fuel expenses. As energy security concerns rise, electricity as a mobility fuel becomes an increasingly viable solution, especially in areas with high gasoline dependency and limited public transport options.

Government Incentives and Regulations

Policies promoting sustainable transportation are key enablers of electric two-wheeler adoption. Subsidies on purchase prices, tax exemptions, and reduced registration fees are directly lowering the upfront cost burden for buyers. The Society of Indian Automobile Manufacturers (SIAM) reported that India sold over 87,000 electric two-wheelers in 2023, registering a growth of 120% year-on-year, driven by government incentives under FAME-II. Regulatory frameworks targeting emission reductions, urban air quality improvement, and fuel efficiency are pushing manufacturers to shift product development toward electric platforms. The introduction of low-emission zones and mobility restrictions on fossil-fuel vehicles in dense urban areas has further accelerated demand for clean alternatives. Charging infrastructure mandates, vehicle standardization policies, and battery recycling rules are shaping a structured growth path. In many cases, government-funded programs also support the localization of component manufacturing and R&D, which lowers costs and fosters innovation. Policy-backed adoption targets for electric vehicles create a sense of urgency for stakeholders across the supply chain, from raw material suppliers to last-mile service providers, reinforcing momentum in the electric two-wheeler ecosystem.

Urbanization and Traffic Congestion

As urban areas become denser and traffic congestion intensifies, electric two-wheelers present an efficient solution for short-distance travel. According to the European Alternative Fuels Observatory (EAFO), Europe’s electric two-wheeler fleet grew to over 1.2 million units in 2023, with urban commuters increasingly switching from petrol-powered scooters to EVs. Compact and agile by design, these vehicles help reduce commuting times and parking challenges in congested zones. They are especially suited for last-mile travel and short business deliveries, addressing urban mobility needs without contributing to noise or air pollution. Urban infrastructure is increasingly being tailored to support micromobility solutions, such as designated EV parking zones and priority lanes for two-wheelers. As cities adopt smart mobility strategies, electric two-wheelers play a central role in decongesting roads and cutting emissions. Their ability to maneuver through traffic and operate quietly also supports regulations related to noise control. With growing demand for flexible, on-demand urban transport solutions, the role of electric two-wheelers is expanding beyond personal use to include commercial, rental, and shared mobility models that integrate seamlessly into city transit networks.

Advancements in Battery Technology

Ongoing innovations in battery chemistry, management systems, and thermal regulation are transforming electric two-wheeler performance. Improvements in lithium-ion battery energy density have enabled longer travel ranges without proportionate increases in vehicle weight or cost. Fast-charging technologies and battery swapping models are helping overcome charging time concerns. Battery management systems now offer real-time diagnostics, predictive analytics, and thermal protection, ensuring consistent performance even under demanding conditions. Cost reductions driven by scale and innovation are making high-performance batteries more accessible. Research into alternative chemistries, such as solid-state and lithium-iron phosphate, offers promising enhancements in safety and durability. These advancements allow manufacturers to deliver vehicles with longer warranties, better range, and enhanced user confidence. As battery recycling and reuse solutions gain traction, environmental concerns around battery waste are also being addressed. The evolution of battery technology directly supports the mass adoption of electric two-wheelers by improving efficiency, convenience, and total cost of ownership.

Commercial and Shared Mobility Growth

The rise of shared mobility services and electric fleets is fueling demand for durable and cost-effective electric two-wheelers. Businesses in sectors such as food delivery, e-commerce logistics, and courier services are embracing electric vehicles to reduce operational expenses and meet sustainability commitments. High-frequency usage in these industries amplifies the cost benefits of electric vehicles due to lower fuel and maintenance costs. Fleet operators are also investing in in-house charging infrastructure or partnering with charging service providers to support continuous vehicle availability. Shared two-wheeler services, including scooter rentals and ride-hailing, are integrating electric models to align with city regulations and environmental goals. Digital platforms are enhancing fleet tracking, maintenance scheduling, and route optimization, maximizing efficiency. These commercial use cases are creating a consistent and high-volume demand for electric two-wheelers, influencing design requirements, battery configurations, and vehicle durability standards. The commercial segment is emerging as a growth anchor in the overall market landscape.

Download Free Sample Report

Market Challenges

High Battery Replacement Costs

Battery packs represent the most expensive component in electric two-wheelers, and their limited lifespan remains a concern for many users. While modern batteries are designed to last several years, frequent usage and exposure to extreme conditions can accelerate degradation. Once performance declines below a usable threshold, replacement becomes necessary, and the high cost of a new battery—often 30–40% of the vehicle's initial price—can deter ownership. For fleet operators using large volumes of vehicles, this replacement cost creates substantial operating expenses, especially if bulk warranties or buy-back schemes are not in place. Battery leasing models are gaining popularity as a workaround, but widespread adoption remains limited by supply chain and financial model maturity. For individual buyers, concerns about post-warranty battery expenses influence resale values and long-term confidence. Improving battery durability, reducing replacement costs, and offering flexible ownership models will be critical to address this challenge and improve the total cost of ownership perception.

Limited Charging Infrastructure

Despite increasing EV adoption, the availability of public and residential charging infrastructure for two-wheelers remains limited in many regions. Many residential complexes lack the necessary electrical setup or permissions to install chargers, creating a bottleneck for urban users. Public charging stations are often optimized for four-wheelers, and are not always suited to two-wheeler access or use. Inadequate infrastructure results in user anxiety about range and trip planning, slowing adoption, especially in areas where home charging isn’t feasible. For commercial users, lack of fast-charging options restricts high-frequency usage. The expansion of a two-wheeler-specific charging network, with support for battery swapping and compact AC charging points, is essential to improve convenience. Encouraging private sector participation and urban policy support for micromobility charging can close this infrastructure gap. Without such development, the growth of the market will remain dependent on a small segment of users who can charge conveniently at home or workplace.

Resale Value Uncertainty

Uncertainty about the resale value of electric two-wheelers is a major deterrent for cost-conscious buyers. Due to rapid technological advancements, newer models are frequently launched with better features, range, or battery life, which can quickly make older models obsolete. Unlike traditional vehicles, electric two-wheelers lack established secondary market structures or standardized evaluation criteria. Buyers often worry about degraded battery performance and limited warranty transferability, which negatively affects the perceived value of used electric vehicles. In commercial applications, rapid depreciation reduces long-term return on investment, making ownership riskier. Establishing certified resale platforms, extended warranty services, and standardized inspection protocols could help build confidence. Financing institutions also play a role by factoring in residual value forecasts into loan terms. The development of a healthy resale ecosystem is essential for long-term market sustainability, allowing buyers to upgrade more frequently without absorbing the full cost of a new vehicle.

Key Market Trends

Battery Swapping Ecosystems

Battery swapping is emerging as a viable alternative to fixed charging, especially in densely populated urban areas and commercial use cases. It allows users to replace a depleted battery with a fully charged one in minutes, minimizing downtime and eliminating the need for home or public chargers. This model is particularly appealing for fleet operators who require high uptime and predictable energy access. Battery swapping networks are also solving the issue of high upfront battery costs by decoupling battery ownership from the vehicle. Subscription models allow users to pay only for the energy they consume, making electric mobility more affordable. Standardization of battery formats and expansion of swapping station coverage are key to wider adoption. Pilot programs and public-private partnerships are already showing success in implementing this model across cities, and the approach is gaining traction as a scalable, consumer-friendly solution to EV charging limitations.

Integration of IoT and Smart Features

Electric two-wheelers are increasingly incorporating IoT-based features that enhance the riding experience, safety, and operational efficiency. Features such as real-time tracking, remote diagnostics, anti-theft systems, and predictive maintenance alerts are becoming standard in newer models. Smartphone integration allows users to monitor battery health, range, and service requirements through dedicated apps. Fleet operators benefit from centralized dashboards that manage large vehicle volumes, route assignments, and energy consumption analytics. This data-driven ecosystem not only adds value for end-users but also provides manufacturers with insights for product development and support services. Smart features also play a key role in enabling shared and rental mobility by facilitating seamless access, booking, and billing through mobile platforms. As sensor and connectivity technology becomes more affordable, these smart systems are expected to become ubiquitous in the electric two-wheeler segment, creating a highly interactive and personalized mobility experience.

Lightweight and Modular Design Innovation

Design innovation in electric two-wheelers is shifting toward lightweight and modular formats that improve efficiency, range, and ease of handling. Lightweight vehicles consume less energy, which helps maximize battery range without increasing size or cost. Manufacturers are using advanced composite materials and simplified drivetrain systems to reduce vehicle weight while maintaining durability. Modular construction allows for easier upgrades, component replacements, and customization, making vehicles adaptable to different user needs. The compact design also supports better maneuverability in congested urban environments and requires less storage space, appealing to apartment dwellers and shared mobility operators. This trend also aligns with sustainability goals by reducing raw material use and enabling easier recycling or repurposing of components. The focus on modularity and lightweight engineering reflects the growing emphasis on functionality, affordability, and longevity in the electric two-wheeler space.

Segmental Insights

Vehicle Insights

The electric two-wheeler market includes two primary categories: scooters/mopeds and motorcycles. Scooters and mopeds have traditionally been the entry point for many consumers due to their ease of use, lower cost, and suitability for short-distance commuting. These vehicles are typically powered by smaller motors and battery packs, designed to meet the needs of urban riders. Their lighter weight and simple design make them ideal for stop-and-go traffic, low-speed travel, and frequent short trips. Many models in this segment feature removable batteries for convenient indoor charging, which appeals to users living in apartments or without access to dedicated parking.

Motorcycles, on the other hand, are positioned for users who prioritize performance, range, and highway-capable speeds. These models are generally equipped with larger battery packs, more powerful motors, and advanced braking or suspension systems. Electric motorcycles are increasingly adopted by enthusiasts and long-distance commuters looking for a sustainable alternative to traditional internal combustion models. This segment is also seeing innovation in areas such as fast charging, regenerative braking, and smart dashboard integration.

Both scooters/mopeds and motorcycles are benefiting from design and technological advances that improve range, charging convenience, and rider comfort. While scooters/mopeds cater to affordability and convenience, motorcycles serve users with higher expectations in terms of speed and travel distance. The market sees constant evolution in both categories with new offerings tailored to lifestyle preferences, commercial delivery use cases, and emerging customer expectations. Customization options, software-enabled features, and finance-friendly ownership models are being introduced across both vehicle types to broaden market appeal and ensure wide adoption across demographics. Each vehicle category serves a distinct but growing user base, contributing to the overall expansion of the electric two-wheeler ecosystem.

Download Free Sample Report

Regional Insights

In 2024, the Asia-Pacific region led the electric two-wheeler market, supported by high population density, increasing urbanization, and a strong focus on reducing vehicular emissions. The region's large middle-class population and expanding urban centers have created significant demand for affordable and efficient personal mobility solutions. Electric two-wheelers offer a viable alternative to traditional petrol-powered vehicles, especially in congested areas where fuel costs, maintenance, and parking availability are major concerns.

China plays a pivotal role in the global electric two-wheeler market, driven by widespread urbanization, stringent emission regulations, and a deeply entrenched two-wheeler culture. As per China Association of Automobile Manufacturers (CAAM), China produced more than 24 million electric two-wheelers in 2023, with EV scooters making up the majority of production. The country has established a robust domestic manufacturing base that enables large-scale production and cost efficiencies, making electric scooters and motorcycles widely accessible. National and municipal policies strongly support electric mobility through licensing advantages, financial subsidies, and restrictions on internal combustion engine two-wheelers in several cities. Rapid development of battery-swapping stations, advanced charging infrastructure, and integration with digital platforms have further accelerated adoption. The use of electric two-wheelers for delivery and logistics services is prominent, especially among e-commerce and food delivery companies seeking low-cost and sustainable transport solutions. Continued investment in research and development, along with the emergence of connected and smart vehicle features, positions China as a global innovation hub for electric two-wheeler technologies.

North America is experiencing a gradual yet steady growth in electric two-wheeler adoption, primarily driven by rising environmental awareness, lifestyle-driven demand for sustainable transport, and a growing interest in micro-mobility. Urban congestion and the increasing cost of car ownership are prompting consumers to explore compact, electric alternatives. Electric scooters and motorcycles are being adopted in cities for personal commutes and recreational travel, particularly among younger and environmentally conscious consumers.

Recent Developments

• In April 2025, Hero MotoCorp, Revolt Motors, and Royal Enfield are preparing to launch new electric motorcycles in India to tap into the growing EV demand. These launches aim to address urban mobility needs and compete with existing players. The companies are investing in R&D and expanding EV infrastructure. The push aligns with India’s broader goal of sustainable transportation.
• In November 2024, Honda has announced plans to launch the EM1 e: electric scooter in Europe starting 2024, targeting young urban riders. The model features a replaceable Honda Mobile Power Pack e: for convenient charging. Designed for short commutes, the scooter offers a quiet, zero-emission ride with modern styling and digital features. Honda aims to accelerate its electrification strategy and carbon neutrality goals through such compact urban mobility solutions.
• In March 2025, Raptee launched a new electric motorcycle in India that supports four-wheeler charging compatibility, enhancing convenience for users. The bike is equipped with advanced safety features, connected tech, and a strong powertrain. It aims to cater to premium urban commuters seeking performance and efficiency. This launch reflects growing innovation in India’s electric two-wheeler segment.
• In May 2025, Oben Electric announced that it is set to launch a new entry-level electric motorcycle built on a fresh EV platform aimed at improving performance, affordability, and user experience. The new model will target urban riders and first-time EV buyers. Oben’s upgraded platform enhances battery efficiency, thermal management, and safety. This move aligns with the company’s strategy to expand its footprint in India’s growing electric two-wheeler market.

Key Market Players

• 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.

 

By Range	By Battery Capacity	By Battery	By Vehicle	By Region
50–100 Km 101–150 Km Less than 50 Km Above 150 Km	<25 Ah >25 Ah	Lead Acid Lithium-ion	Scooter/Mopeds Motorcycle	North America Europe & CIS Asia-Pacific South America Middle East & Africa

 

Report Scope:

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

·         Global Electric Vehicle Two-Wheeler Market, By Range:

o    50–100 Km

o    101–150 Km

o    Less than 50 Km

o    Above 150 Km

·         Global Electric Vehicle Two-Wheeler Market, By Battery Capacity:

o    <25 Ah

o    >25 Ah

·          Global Electric Vehicle Two-Wheeler Market, By Battery:

o    Lead Acid

o    Lithium-ion

·         Global Electric Vehicle Two-Wheeler Market, By Vehicle:

o    Scooter/Mopeds

o    Motorcycle

·         Global Electric Vehicle Two-Wheeler Market, By Region:

o    North America

§  United States

§  Canada

§  Mexico

o    Europe & CIS

§  Germany

§  France

§  U.K.

§  Spain

§  Italy

o    Asia-Pacific

§  China

§  Japan

§  India

§  South Korea

o    Middle East & Africa

§  South Africa

§  Saudi Arabia

§  UAE

§  Turkey

o    South America

§  Brazil

§  Argentina

Competitive Landscape

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

Available Customizations:

Global Electric Vehicle Two-Wheeler Market report with the given market data, Tech Sci 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).

Global Electric Vehicle Two-Wheeler Market is an upcoming report to be released soon. If you wish an early delivery of this report or want to confirm the date of release, please contact us at [email protected]