Growing Environmental Concerns to Boost Market GrowthĮlectric motorcycle market growth is attributed to the introduction of fast-charging infrastructure.
Meanwhile in Asia Pacific, increasing concerns regarding high carbon emissions from the large two-wheeler population in countries such as China and India are expected to accelerate market growth. The rapid adoption of electric vehicles accelerates the market growth in this region. Increasing Concern about Depleting Oil Reserves in North America to Drive Market ShareĮlectric motorcycle market share is expected to be dominated by North America due to the increasing concerns about depleting oil reserves.Įurope holds the second-largest market share due to the enhanced infrastructure for electric vehicles. Request a Sample Copy of the Research Report: It has better acceleration, compact size, and high-speed handling efficiency.Īpril 2022 – ONYX motorbikes in California launched a new low–cost electric bike known as the ONYX CTY2. Electric motorcycle helps to protect against environmental concerns. In this vehicle, electricity is stored on-board in a rechargeable battery. Fortune Business Insights presents this information in its report titled “Electric Motorcycle Market Analysis by Vehicle Range (75 miles., 75-100 miles., More than 100 miles.), By Battery Type (Lead Acid., Lithium-Ion (Li-ion), Nickel-metal hydride (NiMH)), By Voltage Type (Below 24 Volt., 24-48 Volt., 48-60 Volt., Above 60 Volt.) And Regional Forecast 2022-2029."Īn electric motorcycle is an electric two-wheeled vehicle. The increasing concerns regarding carbon emission and oil depletion are driving the market growth. 23, 2022 (GLOBE NEWSWIRE) - The global electric motorcycle market size is set to expand due to the introduction of fast-charging stations across the world. Global Electric Motorcycle Market to Gain Traction Through 2029: Introduction of Fast Charging Stations to Foster Market Growth
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