Electric Two-Wheelers - Global Strategic Business Report

The global market for Electric Two-Wheelers was estimated at US$19.0 Billion in 2024 and is projected to reach US$36.8 Billion by 2030, growing at a CAGR of 11.6% from 2024 to 2030. This comprehensive report provides an in-depth analysis of market trends, drivers, and forecasts, helping you make informed business decisions. The report includes the most recent global tariff developments and how they impact the Electric Two-Wheelers market.

Global Electric Two-Wheelers Market - Key Trends & Drivers Summarized

Why Are Electric Two-Wheelers Gaining Unstoppable Momentum Globally?

Electric two-wheelers comprising electric scooters, mopeds, and motorcycles have moved beyond early adoption phases to become a mainstream mobility solution in several global markets. What began as a niche segment, driven by environmental concerns and cost advantages, has now evolved into a multi-billion-dollar industry supported by a convergence of urban mobility needs, government policy, battery technology, and changing consumer preferences. These vehicles are fast becoming essential in congested urban centers, last-mile logistics operations, and the evolving personal mobility landscape.

Factors such as skyrocketing fuel prices, growing awareness about air pollution, and tightening emission norms have propelled both governments and consumers to explore non-ICE alternatives. Electric two-wheelers offer zero tailpipe emissions, lower operating costs, and quieter operations, aligning well with the sustainable transport goals of smart cities and carbon-neutral transportation networks. The appeal is particularly strong in countries with dense urban populations and underdeveloped public transport infrastructure, where two-wheelers dominate the vehicle landscape.

What Are the Technology Shifts Reshaping Electric Two-Wheelers?

Technological innovation sits at the core of the electric two-wheeler revolution. Key developments are being witnessed in drivetrain configurations, battery systems, motor efficiency, software integration, and vehicle intelligence. Motor technology has seen a shift from brushed to brushless DC motors (BLDC), and more recently to Permanent Magnet Synchronous Motors (PMSM), due to their higher efficiency and torque density. Some OEMs are exploring hub motor versus mid-motor configurations depending on performance and maintenance priorities. Battery advancements are perhaps the most transformative. Lithium-ion batteries particularly LFP (Lithium Iron Phosphate) and NMC (Nickel Manganese Cobalt) dominate due to their favorable energy density, thermal stability, and lifespan. Battery management systems (BMS) now feature active thermal monitoring, real-time cell balancing, and wireless diagnostics. The rise of battery swapping, pioneered by firms like Gogoro and Ather, is unlocking new user models in fleet and shared mobility ecosystems, eliminating charging downtime and boosting vehicle availability.

The infusion of software in electric two-wheelers has elevated them to connected mobility platforms. Smart dashboards, GPS tracking, over-the-air (OTA) updates, anti-theft systems, and predictive maintenance features are rapidly becoming standard. Ride analytics apps, regenerative braking systems, and user behavior profiling are being integrated to refine driving experience and optimize range. These enhancements not only create user delight but also enable OEMs to gather data and offer value-added services such as insurance, navigation, and remote diagnostics.

How Are Different Regions Adopting Electric Two-Wheelers at Scale?

Asia-Pacific dominates the electric two-wheeler market in volume terms, with China leading the charge through its long-standing policy push, extensive charging infrastructure, and dominance in EV manufacturing. Over 80% of the world's electric two-wheelers are currently sold in China, supported by decades of industrial policy aimed at phasing out ICE mopeds and building export-ready EV platforms. India, driven by the FAME II subsidy scheme, state-level incentives, and rising fuel costs, has emerged as a fast-growing market with numerous homegrown OEMs such as Ola Electric, Ather Energy, and TVS Motor entering the fray. In Europe, the market is growing steadily, particularly in France, Germany, the Netherlands, and Spain. These regions are focusing on high-quality e-mopeds and e-motorcycles targeted at urban professionals and delivery fleets. Incentives such as purchase subsidies, tax exemptions, free parking, and access to low-emission zones are making EV adoption more attractive. Additionally, Europe's preference for safety, design quality, and stringent certification is driving demand for high-specification models with premium build and advanced connectivity. North America, historically dominated by four-wheelers, is showing signs of gradual two-wheeler electrification. Urban micro-mobility solutions such as electric mopeds, scooters, and bikes are becoming popular among commuters, gig economy workers, and delivery personnel. Federal and state tax credits, plus incentives from cities aiming to reduce congestion, are pushing the segment forward. Latin America, Southeast Asia, and Africa are still early in their adoption curves but present strong long-term potential due to two-wheeler-centric transport systems.

What Are the Key Forces Propelling Long-Term Growth in This Market?

The growth in the electric two-wheelers market is driven by several factors including government policy, technological advancements, consumer demand shifts, and the evolving urban mobility ecosystem. Electrification mandates, such as the EU's Fit for 55, India's target of 30% EV sales by 2030, and zero-emission mobility goals in California and Japan, are creating a regulatory backbone that favors electric two-wheelers over traditional ICE models. These mandates are not only stimulating demand but also forcing OEMs and component manufacturers to retool and adapt to the EV paradigm. Urbanization and infrastructure stress are making compact, efficient vehicles increasingly attractive. Electric two-wheelers excel in city use cases, where range anxiety is minimal and mobility constraints are high. Ride-sharing companies and last-mile delivery operators are aggressively investing in e-scooters and mopeds due to their low operational costs, quiet operation, and suitability for frequent short trips. Companies like Uber, Swiggy, and DoorDash are partnering with e-mobility startups to electrify their delivery fleets, catalyzing demand in the fleet segment.

Private capital inflow and startup activity are also reshaping the competitive landscape. From China's Yadea and NIU to India's Bounce and Simple Energy, startups are challenging legacy players with.

Looking forward, several growth inflection points are on the horizon. These include widespread adoption of fast charging, breakthroughs in solid-state batteries, scaling of battery swap networks, and rollout of 5G-powered telematics. Regulation around battery recycling and extended producer responsibility (EPR) will shape sustainability narratives and influence procurement decisions, especially in fleet deployments. Advanced rider assistance systems (ARAS), digital locks, and haptic feedback controls may become mainstream, further blurring the line between electric two-wheelers and smart devices.

Overall, the electric two-wheeler market stands at the intersection of innovation, policy, and evolving mobility behaviors. Its growth is expected to remain resilient across economic cycles, driven by a combination of structural trends and tactical execution by stakeholders. With the groundwork already laid in leading markets and ecosystem momentum building in others, electric two-wheelers are set to become a dominant force in the global mobility mix for decades to come.

Key Insights:

• Market Growth: Understand the significant growth trajectory of the Electric Motorcycle segment, which is expected to reach US$23.3 Billion by 2030 with a CAGR of a 12.6%. The Electric Scooter segment is also set to grow at 10.5% CAGR over the analysis period.
• Regional Analysis: Gain insights into the U.S. market, valued at $5.2 Billion in 2024, and China, forecasted to grow at an impressive 15.8% CAGR to reach $7.7 Billion by 2030. Discover growth trends in other key regions, including Japan, Canada, Germany, and the Asia-Pacific.

Why You Should Buy This Report:

• Detailed Market Analysis: Access a thorough analysis of the Global Electric Two-Wheelers Market, covering all major geographic regions and market segments.
• Competitive Insights: Get an overview of the competitive landscape, including the market presence of major players across different geographies.
• Future Trends and Drivers: Understand the key trends and drivers shaping the future of the Global Electric Two-Wheelers Market.
• Actionable Insights: Benefit from actionable insights that can help you identify new revenue opportunities and make strategic business decisions.

Key Questions Answered:

• How is the Global Electric Two-Wheelers Market expected to evolve by 2030?
• What are the main drivers and restraints affecting the market?
• Which market segments will grow the most over the forecast period?
• How will market shares for different regions and segments change by 2030?
• Who are the leading players in the market, and what are their prospects?

Report Features:

• Comprehensive Market Data: Independent analysis of annual sales and market forecasts in US$ Million from 2024 to 2030.
• In-Depth Regional Analysis: Detailed insights into key markets, including the U.S., China, Japan, Canada, Europe, Asia-Pacific, Latin America, Middle East, and Africa.
• Company Profiles: Coverage of players such as AIMA Technology Group Co. Ltd., Ather Energy Pvt. Ltd., Bajaj Auto Ltd., BMW Motorrad, and more.
• Complimentary Updates: Receive free report updates for one year to keep you informed of the latest market developments.

Some of the 32 companies featured in this Electric Two-Wheelers market report include:

• AIMA Technology Group Co. Ltd.
• Ather Energy Pvt. Ltd.
• Bajaj Auto Ltd.
• BMW Motorrad
• Energica Motor Company S.p.A.
• Govecs AG
• Harley-Davidson
• Hero MotoCorp Ltd.
• Honda Motor Co. Ltd.
• KTM AG
• NIU Technologies
• Ola Electric
• Piaggio & C. SpA
• Super Soco
• TAILG Technology Group Co. Ltd.
• TVS Motor Company Ltd.
• Ultraviolette Automotive Pvt. Ltd.
• Unu GmbH
• Yadea Technology Group Co. Ltd.
• Yamaha Motor Co., Ltd.

This edition integrates the latest global trade and economic shifts as of June 2025 into comprehensive market analysis. Key updates include:

• Tariff and Trade Impact: Insights into global tariff negotiations across 180+ countries, with analysis of supply chain turbulence, sourcing disruptions, and geographic realignment. Special focus on 2025 as a pivotal year for trade tensions, including updated perspectives on the Trump-era tariffs.
• Adjusted Forecasts and Analytics: Revised global and regional market forecasts through 2030, incorporating tariff effects, economic uncertainty, and structural changes in globalization. Includes segmentation by product, technology, type, material, distribution channel, application, and end-use, with historical analysis since 2015.
• Strategic Market Dynamics: Evaluation of revised market prospects, regional outlooks, and key economic indicators such as population and urbanization trends.
• Innovation & Technology Trends: Latest developments in product and process innovation, emerging technologies, and key industry drivers shaping the competitive landscape.
• Competitive Intelligence: Updated global market share estimates for 2025, competitive positioning of major players (Strong/Active/Niche/Trivial), and refined focus on leading global brands and core players.
• Expert Insight & Commentary: Strategic analysis from economists, trade experts, and domain specialists to contextualize market shifts and identify emerging opportunities.
• Complimentary Update: Buyers receive a free July 2025 update with finalized tariff impacts, new trade agreement effects, revised projections, and expanded country-level coverage.