Electric Motorcycles & Scooters Market Size

Electric Motorcycles & Scooters Market size was valued at USD 35.11 billion in 2024 and is likely to exceed USD 76.49 billion by the end of 2037, expanding at over 6.3% CAGR during the forecast period i.e., between 2025-2037. In the year 2025, the industry size of electric motorcycles & scooters is evaluated at USD 36.85 billion.

The growth of the market can be attributed primarily to the increase in demand for electronic vehicles as a result of the stringent regulations on carbon emissions in places such as the Asia Pacific and Europe. It has been observed that the count of electric vehicles on the roads in Australia doubled at the beginning of 2023 to exceed 82999, growing from 43999 vehicles in the same period last year.

The global electric motorcycles & scooters market size is also projected to expand as a result of the progress in urbanization. The steady growth in urban population over the last few decades all over the world increases the need for convenient options in transportation. According to the World Bank, the number of people residing in urban areas worldwide in 2021 constituted 56% of the total world population, compared to 52% in 2011. The other factors contributing to the market growth include government initiatives to promote e-mobility, the escalating prices of petroleum-based fuels, and the low operational and maintenance expenditures on EVs. Further, the use of solar power to charge the batteries used in EVs should also lead to market growth.