Electric Motorcycles & Scooters Market Regional Analysis:
APAC Market Insights
Asia Pacific region is poised to dominate around 44.6% market share by 2035, driven by rising awareness of limiting carbon emissions and government subsidies. It has been observed that Asia Pacific contributed to over 51% of the total carbon dioxide emissions in the world in 2020. The region has some of the largest emitters of carbon, such as China and India. In 2020, about 60% of the region's carbon emissions came from China alone, while India contributed 14% of the regional emissions. Hence, several governments in the region are taking measures to promote e-mobility to curb the damage to air quality. The subsidies offered to the producers by the government and the very low tax rates for e-vehicles are instances of such measures. Therefore, all these factors are predicted to surge the growth of the market in the region.
Europe Market Insights
Europe is another region that is projected to hold a significant share of the global market for electric motorcycles & scooters. Europe's market share can be attributed primarily to the high demand for electric two-wheelers in the region for various reasons. A boom has been observed in the sales of electric bikes in different parts of Europe during recent years. For instance, Italy, the sales of electric bikes grew up to 45% during the one year from 2019 and 2020. Moreover, this growth in sales continued through 2021. In addition, the Netherlands is another place in Europe that is showing remarkable growth in the demand for e-bikes. The sales for these bikes in the Netherlands have been projected to be twice that of the present by 2027. The demand for electric scooters and motorcycles in the region got a boost following the pandemic, as people started turning to cycle as a means of outdoor exercise while adhering to the needs of social distancing. Additionally, the consciousness of the people in the region about pollution and sustainability plays a big role in the regional market growth for electric two-wheelers.
