North America Electric
Two-Wheeler market is witnessing a robust growth from the past few years, due
to several reasons such as growing awareness regarding the harmful effects of
greenhouse gases and other hazardous gases that are emitted from the gasoline’s
engines, supportive initiatives by the governments, and rapid advancement in
the battery technology. These reasons are helping in changing the notion among
people regarding electric vehicles, and thus increasing their preferences for
electric two wheelers.
America Electric Two-Wheeler Market Scope
The North America electric
two-wheeler market is segmented by vehicle type, by battery type, by battery
capacity, by range, and by country. Based on vehicle type, the market is
divided into scooter/moped and motorcycle. Based on the battery type, the
market is segmented into lead-acid battery and li-ion battery. Based on the
battery capacity the market is segmented into <25Ah & >25Ah. Lithium-ion batteries are made up of
positively charged lithium ions. These ions are transferred from the negatively
charged anode (the anode) to the positively charged cathode (the cathode) and
the liquid electrolyte (the electrolyte). Though these types of batteries are
lighter in weight, they offer fast charging capabilities and a slow discharge
rate. However, they are pricier when compared to other traditional batteries. Lead-acid
batteries are made up of a lead electrode with a negative porous covering on a
plate. The electrode remains submerged in a solution of low-sulphuric acid when
the electrical energy is converted into chemical energy, and vice versa. This
is where the battery is charged and discharged. Nickel metal hydrides are
mainly used in hybrid vehicles (i.e., electric and ICE). These batteries are
designed in such a way that the nickel alloy is on one end of the battery, and
the nickel oxy hydroxide is on the other. The electrolyte is potassium
hydroxide. The charging and discharge of the battery takes place within the
electrodes. The electrodes are made up of a special alloy that can absorb
hydrogen with the help of an alkali electrolyte. Furthermore, based on the
battery capacity, the market is divided into (<25Ah & >25Ah. Based on
the range, the market is segmented into Less than 100 Km, 100 Km -150 km, Above
150 Km. And lastly, based on the countries, the market is divided among Canada,
United States, and Mexico.
America Electric Two-Wheeler Market Overview
The North America Electric Two-Wheeler market is expected to grow at a faster
rate in the forecasted period. The market is significantly driven by the rise
of urbanization, increase in share mobility market, environmental concerns of
pollution emitted from gasoline, etc. Rapid urbanization is leading to an
increase in traffic in cities, and therefore, two-wheelers are offering a
convenient option to travel with shorter distances and a cost-effective
alternative at the same time. With rising inflation, vehicles are becoming
expensive along with many other amenities. So, shared mobility is gaining
popularity, owing to its cost-effective benefits. Further, advancement in
battery technology is helping in convincing more and more people to opt for
electric vehicles. These technologies are resulting in driving the market
substantially in the coming years. Moreover, the support from government in
terms of incentives, subsidies, tax benefits, etc., is one of the major factors
which is helping in the increase of electric two-wheelers market in North
America Electric Two-Wheeler Market Drivers
The government initiatives
are helping in increasing the fleet of electric two-wheelers in the North
America continent. Benefits such as tax rebates, upfront payment subsidies,
separate lanes during congestion, etc., are resulting in the popularity of
electric two-wheelers among consumers. Furthermore, governments are imposing restrictions
on the emission of vehicles which is pressurizing the vehicle manufacturers to
produce a certain percentage of electric two-wheelers, out of the total
vehicles manufactured. Restrictions on
emissions are also pushing the development of charging infrastructure in the
countries, which is again helping in the increasing demand of electric
two-wheelers in North America.
Rapid urbanization is also
contributing to the growth of electric two-wheelers in North America.
Urbanization is resulting in the increase of traffic congestion in cities which
is leading to the growth of electric two-wheelers requirements. These vehicles
provide the convenience of commuting at a shorter distance and with ease.
Moreover, the rising living expenses in many cities of North America, has
resulted in the increase of shared mobility which itself is experiencing the
huge adoption of electric two-wheelers. Shared mobility helps in reducing the
cost of ownership and maintenance of vehicles and thus, is seen as a good
alternative for commuting to different places, ultimately helping in the
increase of electric two-wheeler market.
battery technology is helping a lot in the growth of electric two-wheeler
market in North America. These technologies are helping in increasing the
vehicle range and reduction in battery prices, aiding in reducing the overall
cost of the vehicle, decrease in charging time, better battery life, among
others. All these factors are among the major concerns of people regarding
electric vehicles. Therefore, improvement in these areas is helping in
persuading people to buy electric two-wheelers.
America Electric Two-Wheeler Market Trends
The increasing adoption of
electric two-wheelers can be seen in many cities of North America. As more and
more people are becoming aware of the environment, the increase in sales of
electric two-wheelers is rising as compared to the other type of two-wheelers.
Cities are focusing on the rapid development of charging infrastructure for
electric vehicles and promoting the use of electric vehicles due to a greater
number of vehicles in the cities. Moreover, automotive manufacturing companies
are offering more categories of electric two-wheelers which is helping to
increase a greater number of customers and capture their preferences.
Another emerging trend in the market for electric two-wheelers is the
increasing demand for electric motorcycles. Although the market for electric
motorcycles is still relatively small, the availability of top-of-the-line
models and improvements in battery technology are likely to contribute to the
growth of this segment in the near future. Electric two-wheelers are expected
to experience steady growth over the next few years, due to several factors
such as growing preference for eco-friendly transport, government initiatives
to encourage the adoption of electric vehicles and improvements in battery
America Electric Two-Wheeler Market Challenges
The electric two-wheeler
market has less incentives in North America. While the incentives for the
electric vehicle market in general is huge but the market of electric
two-wheeler has received lesser incentives as compared to other electric
vehicle space in the country. Therefore, this bias in allotment of incentives
is slowing the process of electrification of the two-wheeler market.
have high initial costs as compared to the vehicles powered by internal
combustion engines. Even though governments
are providing subsidies for purchasing new vehicles, they are still not
considered as a competitive alternative to the combustion engine vehicles.
Moreover, the improvement in battery technology is helping in driving the
growth of electric two-wheelers. There are many areas which are of concern as
of now, such as charging time, range, battery life, etc. Furthermore, there are
some developments which need to be addressed regarding the disposal of
batteries in an environmentally friendly manner.
two-wheeler market presents several opportunities for growth in North America.
The market is lagging in the charging infrastructure which gives the
opportunities to develop the charging network at an early stage for vehicles.
There are several incentives from the government as well to install the stations,
especially in the cities. Further, trends of electric two-wheelers are more
prevalent in the shared mobility market and delivery services which gives
opportunity to increase the fleet size of these vehicles such market around the
Inc, Lightning Motorcycle Corp., Harley Davidson Inc., ENERGICA MOTOR COMPANY
INC., Yamaha Motor Co. Ltd., CSC Motorcycles, Niu International, BMW North
America LLC, Yadea Group Holdings Ltd., Torrot Electric Europe S.A. (Volcon ePowersports)
are some of the major players in the North America Electric Two-Wheeler market.