Photo: Energica
While some may believe that the electric scooter and motorcycle sales are over the top during the last few years, as more and more manufacturers surface both intriguing and rather dull models, new companies are formed while others file for bankruptcy and fade into oblivion. Still, the sale figures are less extravagant than one might be tempted to believe, with another decade needed to reach the 6-million units mark, according to Navigant Research.
One of Navigant’s recent researches is the “Electric Motorcycles and Scooters” report, and it examined the global trend for the sale of e-scooters and motorcycles, correlated with info on battery technologies. According to Navigant Research, the biggest market for such vehicles is China, but this fact comes with rather contradictory reality.
The use of electric vehicles is under strict control in Chinese urban areas and this has a very strong impact in the sales of the electric vehicles, despite the cities becoming increasingly polluted and traffic congestions being a daily nuisance for commuters. That is, even though the electric two-wheeler offer for the Chinese market is extremely diverse, the local policies are curbing the sales, leaving Europe and North America the two areas with the biggest potential growth rate for the next decade. Navigant expects that the compound annual growth rate (CAGR) for these two regions reaches north of 30% by 2023.
So in the absence of more reasonable regulations for electric scooters and motorcycles in China, we might get to see Europe and North America being the main engine behind the estimated growth of the e-bike market.
The current projections indicate that 1.2 million electric motorcycles will be sold worldwide in 2014, alongside 4.1 million electric scooters. Even though sales for the next year are expected to remain constant and no significant increase is to be noticed due to the relatively small demand and (still) increased cost of the components, after 2015, Navigant says the figures are most likely going to go up.
Electric motorcycle sales are expected to go up 17% to around 1.4 million units, while e-scooter sales could be 12% bigger, reaching 4.6 million units by 2023, the Navigant Research report says. These numbers sum up to around 6 million units per year, a pretty decent combined growth for the whole electric two-wheelers industry.
Big car manufacturers such as BMW have also recently started selling their debut electric scooters, while Daimler, (owner of Mercedes-Benz) is also eyeing building electric scooters with the Smart badge. In Europe and North America, more and more motorists “are seeking refuge from higher gasoline prices, electric two-wheel vehicles are growing more mature, and cities are becoming increasingly congested with traffic. All of these factors will contribute to growing demand for power two-wheel vehicles - particularly high-powered e-motorcycles," says John Gartner, research director with Navigant Research.
Via autoblog
The use of electric vehicles is under strict control in Chinese urban areas and this has a very strong impact in the sales of the electric vehicles, despite the cities becoming increasingly polluted and traffic congestions being a daily nuisance for commuters. That is, even though the electric two-wheeler offer for the Chinese market is extremely diverse, the local policies are curbing the sales, leaving Europe and North America the two areas with the biggest potential growth rate for the next decade. Navigant expects that the compound annual growth rate (CAGR) for these two regions reaches north of 30% by 2023.
So in the absence of more reasonable regulations for electric scooters and motorcycles in China, we might get to see Europe and North America being the main engine behind the estimated growth of the e-bike market.
The current projections indicate that 1.2 million electric motorcycles will be sold worldwide in 2014, alongside 4.1 million electric scooters. Even though sales for the next year are expected to remain constant and no significant increase is to be noticed due to the relatively small demand and (still) increased cost of the components, after 2015, Navigant says the figures are most likely going to go up.
Electric motorcycle sales are expected to go up 17% to around 1.4 million units, while e-scooter sales could be 12% bigger, reaching 4.6 million units by 2023, the Navigant Research report says. These numbers sum up to around 6 million units per year, a pretty decent combined growth for the whole electric two-wheelers industry.
Big car manufacturers such as BMW have also recently started selling their debut electric scooters, while Daimler, (owner of Mercedes-Benz) is also eyeing building electric scooters with the Smart badge. In Europe and North America, more and more motorists “are seeking refuge from higher gasoline prices, electric two-wheel vehicles are growing more mature, and cities are becoming increasingly congested with traffic. All of these factors will contribute to growing demand for power two-wheel vehicles - particularly high-powered e-motorcycles," says John Gartner, research director with Navigant Research.
Via autoblog
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