E-Bikes to Rocket

Wednesday 14th May 2014

Electric motorcycles have gone through quite a lot of developments over the past 18 months, with faster and quicker machines hitting the test tracks and race tracks. Navigant Research have produced a report outlining that 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, 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. Meanwhile, 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 of more than 30 percent through 2023.

Check out the executive summary of the report here.

Picture of Mark Miller riding a MotoCzysz E1pc at TT Zero (2012) byAgljones at English Wikipedia [CC-BY-SA-3.0 or GFDL], via Wikimedia Commons

Categories: General, Reviews, Technology

Wednesday 14th May 2014


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