Electric Scooter Market Trends

Growth Drivers

• Increasing Concern for Rising Air Pollution Owing to the Release of Harmful Gases from Fuel Vehicles – The ever-increasing air pollution in the atmosphere is harmful to human health and the environment on a global scale. Therefore, the high number of deaths owing to high air pollutants is expected to increase the adoption rate of electric scooters in the forecast period. The World Health Organization in recent data stated that almost all of the global population i.e. 99% breathe air that exceeds World Health Organization guideline limits that contain a high level of pollutants.
• Hike in Motor Fuel Prices with Rising Dependency and Transport Issues During COVID-19 Crisis– As per a report by the Bureau of Transportation Statistics published in 2022, the price of regular motor gasoline rose almost 49% from January 2022 to June 2022. Whereas, the price of diesel fuel rose to 55% in the same period.
• Enhanced Energy Consumption with High-Efficiency Battery Performance - A standard electric scooter with a 25 km range has a 6400 mAh 36 Volt battery and it usually takes about 4 or 5 hours to charge fully. 
• Upsurge in Traffic Congestion Leads to More Greenhouse Gas Emissions – The burning of fuels from automobiles releases smoke and carbon dioxide along with harmful greenhouse gases and carcinogens with an increasing number of vehicles on the road. To reduce this overcrowding, electric scooters are a good choice thereby decreasing the emission of toxic gases. The latest report calculated that Americans lost almost 4 billion hours owing to congestion in 2021.

Challenges

• Lack of Infrastructure in Emerging Nations
• Electric vehicles also need charging points similar to fuel stations, as there is no such advanced infrastructure in many regions which hinders the use of electric scooters which in turn limits the growth of the market. There is a huge need for charging stations at every 50 km as the battery of electric scooters does not last more than that which is not sufficient for the long journey.
• High Cost of Electric Scooters
• Lack of Good Road Network