Sales Of Electric Motorcycles and Scooters Would Reach 6 Million Annually by 2023

1voxanwattmanelectricNavigant Research, a market research company, forecasts worldwide sales of e-motorcycles will grow from 1.2 million vehicles annually in 2014 to 1.4 million in 2023, while sales of e-scooters will grow from 4.1 million to 4.6 million. The market for power two-wheel (PTW) vehicles, which includes electric motorcycles (e-motorcycles) and electric scooters (e-scooters), has grown slowly in recent years. Although sales volumes in the next couple of years are likely to remain low, due to continued high costs for components and low levels of demand, this market is poised for growth after 2015, as consumer markets continue to expand, new competitors enter the market, and suppliers increase capabilities.

“Consumers are seeking refuge from higher gasoline prices, electric two-wheel vehicles are growing more mature, and cities are becoming increasingly congested with traffic,” says John Gartner, research director with Navigant Research. “All of these factors will contribute to growing demand for power two-wheel vehicles – particularly high-powered e-motorcycles.”

The market for e-motorcycles and e-scooters is led by China, where the majority of these vehicles are sold. According to the report, however, policies limiting urban traffic in China indicate reduced sales in that country. E-motorcycle manufacturers in North America and Europe will address the market challenges by improving product quality and expanding their distribution channels. Navigant Research forecasts that sales of e-motorcycles and e-scooters in these two regions will expand at a compound annual growth rate (CAGR) of more than 30 percent through 2023. (photo Voxan Electric 200 hp)

3 Responses to “Sales Of Electric Motorcycles and Scooters Would Reach 6 Million Annually by 2023”

  1. 1 Ronnie May 29th, 2014 at 8:35 am

    Like them are not, they are coming and will be the ride of the next generations.

  2. 2 takehikes May 29th, 2014 at 8:36 am

    More range, quicker recharge and for sure some price adjustment and they will be there. In the car world there are amazing things going on with electrics and hybrids, incredible performance. Frankly huge strides have been made and they are getting close to where I am going to be tempted.

  3. 3 Mark May 30th, 2014 at 9:31 am

    Given typical motorcycle sales levels, six million is likely very optimistic, but bring em on.


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