Electric Two-Wheeler Market Trends, Insights and Forecast to 2033

Market Overview:

According to IMARC Group's latest research publication, "Electric Two-Wheeler Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2025-2033", offers a comprehensive analysis of the industry, which comprises insights on the global electric two-wheeler market share. The global market size reached USD 44.5 Billion in 2024. Looking forward, IMARC Group expects the market to reach USD 114.3 Billion by 2033, exhibiting a growth rate (CAGR) of 11.0% during 2025-2033.

This detailed analysis primarily encompasses industry size, business trends, market share, key growth factors, and regional forecasts. The report offers a comprehensive overview and integrates research findings, market assessments, and data from different sources. It also includes pivotal market dynamics like drivers and challenges, while also highlighting growth opportunities, financial insights, technological improvements, emerging trends, and innovations. Besides this, the report provides regional market evaluation, along with a competitive landscape analysis.

How AI is Reshaping the Future of Electric Two-Wheeler Market

• AI-powered battery management systems optimize charging cycles and predict maintenance needs, extending battery life by 20% while reducing degradation through intelligent thermal management and real-time performance monitoring.
• Machine learning algorithms enhance manufacturing efficiency by analyzing production data, reducing defects by 15%, and enabling predictive quality control that ensures consistent vehicle performance across assembly lines.
• Smart fleet management platforms leverage AI to optimize route planning for shared electric two-wheeler services, reducing operational costs by 18% and improving vehicle utilization rates through predictive demand forecasting.
• AI-driven design tools accelerate product development by simulating aerodynamics, energy efficiency, and rider ergonomics, reducing development time by 25% while creating more efficient and user-friendly electric two-wheeler models.
• Predictive analytics enhance customer experience by analyzing riding patterns, usage data, and preferences, enabling manufacturers to offer personalized features, targeted services, and proactive maintenance recommendations that boost customer satisfaction and loyalty.

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Key Trends in the Electric Two-Wheeler Market

• Rise of Electric Vehicles in the Automotive Industry: Electric vehicles are rapidly gaining traction driven by mounting environmental concerns and government support. Global EV Outlook 2025 by IEA suggests electric two/three-wheelers will account for a third of all sales by 2030 in Southeast Asia, marking a pivotal milestone in sustainable transportation.
• Advancement in Battery Technology: Enhanced battery density enables greater energy storage in smaller units, increasing travel distances. Yadea unveiled its new electric two-wheeler in 2025 featuring innovative sodium-ion battery technology, offering quicker charging times and extended durability for everyday urban mobility.
• Government Incentives and Support Measures: Authorities worldwide offer direct purchase grants, tax breaks, and lower registration fees to decrease initial costs. Delhi's draft EV Policy 2.0 in 2025 proposed subsidies up to ₹36,000 for the first 10,000 women buying electric two-wheelers, aiming to boost female EV adoption.
• Growing Trend of Shared Mobility Services: Electric two-wheeler sharing services are expanding rapidly in urban areas. Lime officially entered the Japanese market in August 2024 with e-scooter services in Tokyo, introducing 200 Gen4.1 scooters across six wards, marking expansion into East Asia.
• Increasing Issues Pertaining to Traffic Congestion: Urban areas face intensified traffic congestion, with the International Transport Forum estimating costs at 1% of GDP to congested urban economies. Electric two-wheelers offer compact, maneuverable solutions for navigating congested streets efficiently, reducing commuting times and stress.

Growth Factors in the Electric Two-Wheeler Market

• Rising Environmental Awareness and Emissions Reduction: Increasing consciousness about climate change encourages consumers to choose sustainable transportation. According to IEA, global electric vehicle sales reached 10 million units in 2022, reflecting 55% growth from 2021, driven by the goal of reducing carbon emissions and mitigating transportation's environmental impact.
• Government Policy Support and Infrastructure Development: In September 2024, India launched the PM E-drive scheme with a budget of Rs 10,900 crore for two years, aiming to support 2.48 million electric two-wheelers. The Biden-Harris Administration announced $521 million in grants expanding the national EV charging network with over 9,200 charging ports across 29 states.
• Technological Innovations and Performance Enhancement: Advances in battery technology enhance range and performance, addressing range anxiety. Manufacturers now offer flexible charging options including portable chargers and home-based stations, with research into silicon anode, lithium-sulfur, and solid-state batteries providing quicker charging and extended durability.
• Economic Appeal and Cost Savings: Rising fuel prices make electric alternatives economically attractive. Electric two-wheelers offer reduced running costs, zero emissions, and lower maintenance requirements compared to petrol vehicles, with government subsidies further reducing upfront costs and making ownership more accessible.
• Urbanization and Mobility Demands: Rapid urbanization and traffic congestion favor two-wheelers for maneuverability and efficiency. Electric scooters and motorcycles allow riders to navigate busy city streets with greater ease, helping reduce travel time and providing practical solutions for short to medium-distance urban commuting.

Leading Companies Operating in the Global Electric Two-Wheeler Industry:

• AIMA Inc.
• Ather Energy Limited
• Bajaj Group
• BMW AG
• Greaves Electric Mobility Limited
• Helbiz
• Jiangsu Xinri E-Vehicle Co., Ltd
• Kawasaki Motors Corp., U.S.A
• Niu International
• Ola Electric Mobility Ltd
• TVS Motor Company
• Vmoto Limited
• Yadea Technology Group Co., Ltd
• Zero Motorcycles Inc.

Electric Two-Wheeler Market Report Segmentation:

Breakup By Vehicle Type:

• Electric Scooter/Moped
• Electric Motorcycle

Electric scooter/moped accounts for the majority of shares (86.4% in 2024) due to their versatility, ease of use, affordability, and practicality in urban environments.

Breakup By Battery Type:

• Lithium-Ion
• Sealed Lead Acid (SLA)

Sealed Lead Acid (SLA) dominates the market (74.6% in 2024) due to cost-effectiveness, widespread availability, robust design, and reliable performance in standard conditions.

Breakup By Voltage Type:

• <48V
• 48-60V
• 61-72V
• 73-96V
• >96V

48-60V leads the market (60.4% in 2024) representing mid-power electric two-wheelers that balance affordability and performance with higher speed capabilities and increased range.

Breakup By Peak Power:

• <3 kW
• 3-6 kW
• 7-10 kW
• >10 kW

<3 kW segment represents low-power electric two-wheelers used for short-distance commuting, urban travel, and recreational purposes, offering affordable and efficient transportation.

Breakup By Battery Technology:

• Removable
• Non-Removable

Non-removable batteries dominate the market (69.8% in 2024) due to streamlined design, enhanced security against theft, convenience for everyday use, and improved energy storage capabilities.

Breakup By Motor Placement:

• Hub Type
• Chassis Mounted

Hub-mounted motors lead due to compact design, efficient power delivery, better torque control, regenerative braking, and improved handling capabilities.

Breakup By Region:

• North America (United States, Canada)
• Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, Others)
• Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
• Latin America (Brazil, Mexico, Others)
• Middle East and Africa

Asia Pacific enjoys the leading position with over 97.3% market share in 2024, driven by environmental concerns, supportive government policies, battery technology advancements, and rapid urbanization.

Recent News and Developments in Electric Two-Wheeler Market

• January 2025: Greaves Electric Mobility Limited (GEML) launched the Ampere Magnus Neo, an enhanced electric scooter variant featuring improved styling with five dual-tone colors, 65 kmph top speed, 100+ km certified range, three riding modes including reverse, and a 5-year/75,000 km battery warranty for affordable urban commuting.
• January 2025: Ola Electric introduced its third-generation scooter platform featuring integrated battery and motor design, enhancing performance by 26% and cutting costs by 20%. The platform underpins new models S2 and S3, supporting Ola's expansion to 2,000 retail stores nationwide.
• January 2025: Suzuki Motorcycle India rolled out its first electric scooter, the e-Access, incorporating a 3.7 kWh battery and WhatsApp dashboard integration, enhancing urban mobility with seamless connectivity features and marking entry into India's competitive e-scooter market.
• November 2024: Segway-Ninebot signed a licensing deal with BMW Group to integrate advanced safety technologies, including enhanced stability control, into its electric scooters, boosting rider safety and market competitiveness in the global electric two-wheeler segment.
• August 2024: The Biden-Harris Administration announced $521 million in grants for expanding the national electric vehicle charging network, deploying over 9,200 charging ports across 29 states and eight Tribes, with publicly available chargers doubling to over 192,000 units.

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