Electric Vehicle Two-Wheeler Market Size and Outlook 2031

Report Description

Key Insights	Details
Forecast Period	2027-2031
Market Size (2025)	USD 127.21 Billion
CAGR (2026-2031)	9.71%
Fastest Growing Segment	Lithium-Ion
Largest Market	Asia Pacific
Market Size (2031)	USD 221.82 Billion

Market Overview

The Global Electric Vehicle Two-Wheeler Market is projected to grow from USD 127.21 Billion in 2025 to USD 221.82 Billion by 2031 at a 9.71% CAGR. The global electric vehicle two-wheeler market encompasses motorcycles, scooters, and mopeds powered by electric motors and rechargeable batteries, presenting a sustainable alternative to conventional internal combustion engine vehicles. Its expansion is primarily driven by escalating environmental consciousness and the implementation of governmental incentives, including subsidies and tax benefits, aimed at accelerating electric mobility adoption. Furthermore, the inherent advantage of lower operating and maintenance costs, coupled with enhanced urban maneuverability, significantly contributes to this market's growth.

Quantifiably, according to the European Association of Motorcycle Manufacturers (ACEM), in the first nine months of 2025, electric moped sales in the six largest European markets reached 33,420 units. Despite this growth, a significant impediment to market expansion remains the underdeveloped charging infrastructure, which continues to foster consumer range anxiety and limits widespread adoption beyond urban centers.

Key Market Drivers

Government Support and Incentives for Electric Mobility
Government support and incentives for electric mobility represent a crucial catalyst, actively shaping consumer choices and fostering an environment conducive to market expansion. These initiatives, encompassing subsidies, tax benefits, and preferential policies, directly reduce the upfront cost burden and improve the total cost of ownership for electric two-wheelers. For instance, according to the Ministry of Heavy Industries, May 2026, India's electric two-wheelers achieved a penetration rate of 6.5 percent in FY 2025–26, highlighting the significant impact of the PM E-DRIVE scheme on adoption. Such governmental backing plays a pivotal role in accelerating the shift from conventional internal combustion engine vehicles to electric alternatives, especially in price-sensitive markets.

Advancements in Battery Technology and Cost Decline
Further propelling the market are advancements in battery technology and the associated decreasing costs. Innovations in battery chemistry and manufacturing processes are leading to higher energy density, improved range, and faster charging capabilities, directly addressing consumer concerns such as range anxiety. The declining cost of these critical components makes electric two-wheelers more competitive and accessible. According to Goldman Sachs Research, October 2024, average EV battery prices are forecast to fall towards $80 per kilowatt-hour by 2026, amounting to a drop of almost 50% from 2023. These technological strides, coupled with supportive policies, contribute to the broader market momentum, with the Indian electric two-wheeler industry, for example, registering sales of close to 191,000 units in March 2026.

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Key Market Challenges

The underdeveloped charging infrastructure represents a significant impediment to the expansion of the global electric vehicle two-wheeler market. This limitation directly fosters consumer range anxiety, as potential buyers are concerned about the availability of charging points, particularly for longer journeys or in less densely populated areas outside major urban centers. The inconvenience of locating suitable charging stations or the extended time required for recharging, compared to the rapid refueling of conventional vehicles, discourages widespread adoption. For instance, according to the European Association of Motorcycle Manufacturers (ACEM), electric moped sales in Europe reached 42,000 units in 2025, indicating a 15% decline from the previous year. This downturn in a segment sensitive to charging accessibility underscores how inadequate infrastructure directly hampers market penetration and consumer confidence, restricting the growth potential for electric two-wheelers to move beyond niche urban applications.

Key Market Trends

The global electric vehicle two-wheeler market is significantly influenced by the development of sophisticated charging infrastructure and battery swapping networks. This trend directly addresses critical consumer concerns regarding range anxiety and charging convenience, which have historically impeded wider adoption. By offering rapid energy replenishment solutions, these networks enhance the practicality of electric two-wheelers for daily commuting and commercial operations. For example, according to Gogoro, February 2026, the company plans to invest approximately US$31 million to add more than 100 new battery swapping stations to its network in Taiwan during 2026, underscoring the active expansion in this vital support ecosystem.

Another pivotal trend shaping the market is the growing investment and entry of traditional Original Equipment Manufacturers. These established players are leveraging their extensive manufacturing capabilities, brand recognition, and distribution networks to introduce a diverse range of electric two-wheelers. Their participation signals a strong commitment to electric mobility, stimulating competition and accelerating product development. This strategic shift is evident in the ambitious plans of major manufacturers; according to Honda, September 2022, the company aims to reach annual sales of one million electric two-wheelers by 2026, demonstrating the significant scale of traditional OEM engagement in the evolving electric market.

Segmental Insights

The Lithium-Ion segment is rapidly emerging as the fastest-growing category within the Global Electric Vehicle Two-Wheeler Market. This accelerated growth is primarily attributed to the superior characteristics of lithium-ion batteries compared to traditional alternatives. They offer higher energy density, enabling electric two-wheelers to achieve extended ranges on a single charge, which is crucial for urban and peri-urban commuting. Furthermore, their lightweight design enhances vehicle performance and handling, while significantly faster charging times and a longer lifespan contribute to greater user convenience and lower long-term ownership costs. These technological advantages make lithium-ion the preferred choice for manufacturers aiming to deliver efficient and high-performance electric two-wheelers.

Regional Insights

Asia Pacific stands as the leading region in the Global Electric Vehicle Two-Wheeler Market, largely due to its high population density and established two-wheeler culture across numerous countries. The region's dominance is significantly bolstered by robust government support, including substantial subsidies and favorable policies like India's Faster Adoption and Manufacturing of Electric Vehicles (FAME) scheme. Moreover, a mature manufacturing ecosystem, competitive supply chains, and increasing urbanization further contribute to the widespread adoption of affordable electric two-wheelers for daily commuting and commercial applications.

Recent Developments

In May 2026, LG Energy Solution and Honda formalized a partnership to enhance Vietnam's electric motorcycle market by establishing public battery swap stations in Hanoi. This collaboration involves deploying approximately 50 battery-swapping stations and 500 electric motorcycles in a pilot project commencing in the third quarter of the year. LG Energy Solution is slated to provide its cylindrical 2170 batteries and oversee battery safety management and swapping network operations, while Honda will supply the electric two-wheelers and battery pack technology. This strategic initiative aims to foster a comprehensive electric motorcycle ecosystem.
In May 2026, Vmoto, a global electric vehicle company, announced a new global partnership with MotoGP to introduce three special-edition MotoGP electric scooters. This collaboration will see Vmoto design, produce, and distribute these unique scooter models globally through its established international distributor network, starting from the 2026 racing season. The agreement is expected to significantly elevate Vmoto's brand awareness and drive sales growth, while also integrating fast-charging and battery-swapping technologies at key MotoGP events across Europe.
In May 2026, LiveWire, an electric two-wheel industry leader, completed the acquisition of Dust Moto, an Oregon-based electric dirt bike startup. This acquisition represents a strategic expansion for LiveWire into the electric off-road motorcycle segment, with the first off-road model anticipated to launch in the latter half of 2026. The move aims to leverage Dust Moto's expertise in off-road design to offer consumers electric motorcycles that deliver significant torque and performance while benefiting from reduced noise and maintenance.
In November 2025, Yamaha Motor Co., Ltd. launched two new electric scooter models for the Indian market: the AEROX E and the EC-06. The AEROX E, an in-house development by Yamaha, represents a premium offering in its electric vehicle portfolio. Concurrently, the EC-06 electric scooter emerged from a collaboration with River Mobility Private Limited, where Yamaha Motor had previously invested in January 2024. This launch signifies a concerted effort by Yamaha to expand its electric two-wheeler presence and achieve environmental targets in emerging markets.

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 Vehicle	By Range	By Battery Capacity	By Battery	By Region
Scooter/Mopeds Motorcycle	Less than 50Km 50-100Km 101-150Km Above 150Km	<25Ah >25Ah	Lead Acid Li-ion	North America Europe 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:

Electric Vehicle Two-Wheeler Market, By Vehicle:

Scooter/Mopeds
Motorcycle

Electric Vehicle Two-Wheeler Market, By Range:

Less than 50Km
50-100Km
101-150Km
Above 150Km

Electric Vehicle Two-Wheeler Market, By Battery Capacity:

<25Ah
>25Ah

Electric Vehicle Two-Wheeler Market, By Battery:

Lead Acid
Li-ion

Electric Vehicle Two-Wheeler Market, By Region:

North America

United States
Canada
Mexico

Europe

France
United Kingdom
Italy
Germany
Spain

Asia Pacific

China
India
Japan
Australia
South Korea

South America

Brazil
Argentina
Colombia

Middle East & Africa

South Africa
Saudi Arabia
UAE

Competitive Landscape

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

Available Customizations:

Global Electric Vehicle Two-Wheeler Market report with the given market data, TechSci Research offers customizations according to a 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]

Table of content

1. Product Overview

1.1. Market Definition

1.2. Scope of the Market

1.2.1. Markets Covered

1.2.2. Years Considered for Study

1.2.3. Key Market Segmentations

2. Research Methodology

2.1. Objective of the Study

2.2. Baseline Methodology

2.3. Key Industry Partners

2.4. Major Association and Secondary Sources

2.5. Forecasting Methodology

2.6. Data Triangulation & Validation

2.7. Assumptions and Limitations

3. Executive Summary

3.1. Overview of the Market

3.2. Overview of Key Market Segmentations

3.3. Overview of Key Market Players

3.4. Overview of Key Regions/Countries

3.5. Overview of Market Drivers, Challenges, Trends

4. Voice of Customer

5. Global Electric Vehicle Two-Wheeler Market Outlook

5.1. Market Size & Forecast

5.1.1. By Value

5.2. Market Share & Forecast

5.2.1. By Vehicle (Scooter/Mopeds, Motorcycle)

5.2.2. By Range (Less than 50Km, 50-100Km, 101-150Km, Above 150Km)

5.2.3. By Battery Capacity (<25Ah, >25Ah)

5.2.4. By Battery (Lead Acid, Li-ion)

5.2.5. By Region

5.2.6. By Company (2025)

5.3. Market Map

6. North America Electric Vehicle Two-Wheeler Market Outlook

6.1. Market Size & Forecast

6.1.1. By Value

6.2. Market Share & Forecast

6.2.1. By Vehicle

6.2.2. By Range

6.2.3. By Battery Capacity

6.2.4. By Battery

6.2.5. By Country

6.3. North America: Country Analysis

6.3.1. United States Electric Vehicle Two-Wheeler Market Outlook

6.3.1.1. Market Size & Forecast

6.3.1.1.1. By Value

6.3.1.2. Market Share & Forecast

6.3.1.2.1. By Vehicle

6.3.1.2.2. By Range

6.3.1.2.3. By Battery Capacity

6.3.1.2.4. By Battery

6.3.2. Canada Electric Vehicle Two-Wheeler Market Outlook

6.3.2.1. Market Size & Forecast

6.3.2.1.1. By Value

6.3.2.2. Market Share & Forecast

6.3.2.2.1. By Vehicle

6.3.2.2.2. By Range

6.3.2.2.3. By Battery Capacity

6.3.2.2.4. By Battery

6.3.3. Mexico Electric Vehicle Two-Wheeler Market Outlook

6.3.3.1. Market Size & Forecast

6.3.3.1.1. By Value

6.3.3.2. Market Share & Forecast

6.3.3.2.1. By Vehicle

6.3.3.2.2. By Range

6.3.3.2.3. By Battery Capacity

6.3.3.2.4. By Battery

7. Europe Electric Vehicle Two-Wheeler Market Outlook

7.1. Market Size & Forecast

7.1.1. By Value

7.2. Market Share & Forecast

7.2.1. By Vehicle

7.2.2. By Range

7.2.3. By Battery Capacity

7.2.4. By Battery

7.2.5. By Country

7.3. Europe: Country Analysis

7.3.1. Germany Electric Vehicle Two-Wheeler Market Outlook

7.3.1.1. Market Size & Forecast

7.3.1.1.1. By Value

7.3.1.2. Market Share & Forecast

7.3.1.2.1. By Vehicle

7.3.1.2.2. By Range

7.3.1.2.3. By Battery Capacity

7.3.1.2.4. By Battery

7.3.2. France Electric Vehicle Two-Wheeler Market Outlook

7.3.2.1. Market Size & Forecast

7.3.2.1.1. By Value

7.3.2.2. Market Share & Forecast

7.3.2.2.1. By Vehicle

7.3.2.2.2. By Range

7.3.2.2.3. By Battery Capacity

7.3.2.2.4. By Battery

7.3.3. United Kingdom Electric Vehicle Two-Wheeler Market Outlook

7.3.3.1. Market Size & Forecast

7.3.3.1.1. By Value

7.3.3.2. Market Share & Forecast

7.3.3.2.1. By Vehicle

7.3.3.2.2. By Range

7.3.3.2.3. By Battery Capacity

7.3.3.2.4. By Battery

7.3.4. Italy Electric Vehicle Two-Wheeler Market Outlook

7.3.4.1. Market Size & Forecast

7.3.4.1.1. By Value

7.3.4.2. Market Share & Forecast

7.3.4.2.1. By Vehicle

7.3.4.2.2. By Range

7.3.4.2.3. By Battery Capacity

7.3.4.2.4. By Battery

7.3.5. Spain Electric Vehicle Two-Wheeler Market Outlook

7.3.5.1. Market Size & Forecast

7.3.5.1.1. By Value

7.3.5.2. Market Share & Forecast

7.3.5.2.1. By Vehicle

7.3.5.2.2. By Range

7.3.5.2.3. By Battery Capacity

7.3.5.2.4. By Battery

8. Asia Pacific Electric Vehicle Two-Wheeler Market Outlook

8.1. Market Size & Forecast

8.1.1. By Value

8.2. Market Share & Forecast

8.2.1. By Vehicle

8.2.2. By Range

8.2.3. By Battery Capacity

8.2.4. By Battery

8.2.5. By Country

8.3. Asia Pacific: Country Analysis

8.3.1. China Electric Vehicle Two-Wheeler Market Outlook

8.3.1.1. Market Size & Forecast

8.3.1.1.1. By Value

8.3.1.2. Market Share & Forecast

8.3.1.2.1. By Vehicle

8.3.1.2.2. By Range

8.3.1.2.3. By Battery Capacity

8.3.1.2.4. By Battery

8.3.2. India Electric Vehicle Two-Wheeler Market Outlook

8.3.2.1. Market Size & Forecast

8.3.2.1.1. By Value

8.3.2.2. Market Share & Forecast

8.3.2.2.1. By Vehicle

8.3.2.2.2. By Range

8.3.2.2.3. By Battery Capacity

8.3.2.2.4. By Battery

8.3.3. Japan Electric Vehicle Two-Wheeler Market Outlook

8.3.3.1. Market Size & Forecast

8.3.3.1.1. By Value

8.3.3.2. Market Share & Forecast

8.3.3.2.1. By Vehicle

8.3.3.2.2. By Range

8.3.3.2.3. By Battery Capacity

8.3.3.2.4. By Battery

8.3.4. South Korea Electric Vehicle Two-Wheeler Market Outlook

8.3.4.1. Market Size & Forecast

8.3.4.1.1. By Value

8.3.4.2. Market Share & Forecast

8.3.4.2.1. By Vehicle

8.3.4.2.2. By Range

8.3.4.2.3. By Battery Capacity

8.3.4.2.4. By Battery

8.3.5. Australia Electric Vehicle Two-Wheeler Market Outlook

8.3.5.1. Market Size & Forecast

8.3.5.1.1. By Value

8.3.5.2. Market Share & Forecast

8.3.5.2.1. By Vehicle

8.3.5.2.2. By Range

8.3.5.2.3. By Battery Capacity

8.3.5.2.4. By Battery

9. Middle East & Africa Electric Vehicle Two-Wheeler Market Outlook

9.1. Market Size & Forecast

9.1.1. By Value

9.2. Market Share & Forecast

9.2.1. By Vehicle

9.2.2. By Range

9.2.3. By Battery Capacity

9.2.4. By Battery

9.2.5. By Country

9.3. Middle East & Africa: Country Analysis

9.3.1. Saudi Arabia Electric Vehicle Two-Wheeler Market Outlook

9.3.1.1. Market Size & Forecast

9.3.1.1.1. By Value

9.3.1.2. Market Share & Forecast

9.3.1.2.1. By Vehicle

9.3.1.2.2. By Range

9.3.1.2.3. By Battery Capacity

9.3.1.2.4. By Battery

9.3.2. UAE Electric Vehicle Two-Wheeler Market Outlook

9.3.2.1. Market Size & Forecast

9.3.2.1.1. By Value

9.3.2.2. Market Share & Forecast

9.3.2.2.1. By Vehicle

9.3.2.2.2. By Range

9.3.2.2.3. By Battery Capacity

9.3.2.2.4. By Battery

9.3.3. South Africa Electric Vehicle Two-Wheeler Market Outlook

9.3.3.1. Market Size & Forecast

9.3.3.1.1. By Value

9.3.3.2. Market Share & Forecast

9.3.3.2.1. By Vehicle

9.3.3.2.2. By Range

9.3.3.2.3. By Battery Capacity

9.3.3.2.4. By Battery

10. South America Electric Vehicle Two-Wheeler Market Outlook

10.1. Market Size & Forecast

10.1.1. By Value

10.2. Market Share & Forecast

10.2.1. By Vehicle

10.2.2. By Range

10.2.3. By Battery Capacity

10.2.4. By Battery

10.2.5. By Country

10.3. South America: Country Analysis

10.3.1. Brazil Electric Vehicle Two-Wheeler Market Outlook

10.3.1.1. Market Size & Forecast

10.3.1.1.1. By Value

10.3.1.2. Market Share & Forecast

10.3.1.2.1. By Vehicle

10.3.1.2.2. By Range

10.3.1.2.3. By Battery Capacity

10.3.1.2.4. By Battery

10.3.2. Colombia Electric Vehicle Two-Wheeler Market Outlook

10.3.2.1. Market Size & Forecast

10.3.2.1.1. By Value

10.3.2.2. Market Share & Forecast

10.3.2.2.1. By Vehicle

10.3.2.2.2. By Range

10.3.2.2.3. By Battery Capacity

10.3.2.2.4. By Battery

10.3.3. Argentina Electric Vehicle Two-Wheeler Market Outlook

10.3.3.1. Market Size & Forecast

10.3.3.1.1. By Value

10.3.3.2. Market Share & Forecast

10.3.3.2.1. By Vehicle

10.3.3.2.2. By Range

10.3.3.2.3. By Battery Capacity

10.3.3.2.4. By Battery

11. Market Dynamics

11.1. Drivers

11.2. Challenges

12. Market Trends & Developments

12.1. Merger & Acquisition (If Any)

12.2. Product Launches (If Any)

12.3. Recent Developments

13. Global Electric Vehicle Two-Wheeler Market: SWOT Analysis

14. Porter's Five Forces Analysis

14.1. Competition in the Industry

14.2. Potential of New Entrants

14.3. Power of Suppliers

14.4. Power of Customers

14.5. Threat of Substitute Products

15. Competitive Landscape

15.1. Ampere Vehicles Private Limited

15.1.1. Business Overview

15.1.2. Products & Services

15.1.3. Recent Developments

15.1.4. Key Personnel

15.1.5. SWOT Analysis

15.2. Deco Green Energy Co., Ltd.

15.3. Hero Electric Vehicles Pvt. Ltd.

15.4. Honda Motor Company, Ltd.

15.5. Jiangsu Xinri E-Vehicle Co., Ltd.

15.6. Niu International

15.7. Okinawa Autotech Pvt. Ltd.

15.8. Viar Motor Indonesia

15.9. Yadea Technology Group Co., Ltd.

15.10. Zero Motorcycles, Inc.

16. Strategic Recommendations

17. About Us & Disclaimer

Report Description

Table of content

Figures and Tables

Frequently asked questions

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