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Europe Electric Two-Wheeler Market Research Report Forecast to 2030

Market Overview

The Europe electric two-wheeler market is rapidly growing due to government incentives to encourage electric vehicle adoption and demand for electric two-wheelers among tourists. Furthermore, the improvement of battery capacity and establishment of charging infrastructure is likely to present a growth opportunity for the players in the Europe market.

Electric two-wheelers are kind of plug-in electric vehicles powered by electricity stored on board in a rechargeable battery used for driving of one or more electric motors. Electric two-wheelers have lower operating costs compared to the conventional ICE vehicles. Also, these vehicles help in saving costs related to fuel, spark plug change, and oil filter replacements coupled with their minimalistic design characteristics, which also leads to low maintenance costs. The varieties of batteries installed in electric two-wheelers are lithium-ion batteries, sealed lead-acid batteries, and others

Market Segmentation

In terms of value, the Europe electric two-wheeler market is expected to register 26.2% CAGR during the forecast period, 2022 to 2030, and is expected to reach USD 4,601.7 million in 2030.

In terms of volume, the Europe electric two-wheeler market is expected to register 24.0% CAGR during the forecast period, 2022 to 2030, and is expected to reach 904,954.6 units in 2030. 

Europe electric two-wheeler market is segmented based on type, battery type, voltage, and region. Based on type the market is segmented into electric motorcycles and electric scooters. On the basis of battery type the market is segmented into sealed lead acid, li-ion, and others. Based on voltage the market is segmented into 36V, 24V, 48V, and more than 48V. 

Major Players

Zero Motorcycles Inc., GOVECS AG, Askoll EVA SpA, Niu International, Energica motor company, Emco electroroller GmbH, BMW AG, Vmoto Europe BV, Riese & müller gmbh, Walberg Urban Electrics GmbH are the major players in the market.