The global electric motorcycle and scooter market was valued at USD 4.36 billion in 2024 and is projected to reach USD 23.80 billion by 2034, growing at a CAGR of 18.50% (2025–2034). The surge is attributed to rising environmental awareness, government incentives, and technological advancements in battery systems.
📈 CAGR of 18.50% between 2025 and 2034
💰 Market size: USD 4.36B (2024) → USD 23.80B (2034)
🌱 Major driver: environmental pollution concerns
🛵 By product: Scooters dominate the market
🔋 By battery: Lithium-ion (Li-ion) leads the segment
🌏 By region: Asia-Pacific remains the largest market
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Electric motorcycles and scooters are eco-friendly two- and three-wheelers powered by rechargeable batteries. Compared to traditional fuel-run vehicles, they offer:
✅ Zero emissions
✅ Lower noise levels
✅ Reduced fuel dependency
However, challenges such as limited charging infrastructure, high upfront costs, and fewer repair centers still slow down widespread adoption. Despite these hurdles, the integration of smart technologies and growing demand from logistics and e-commerce sectors are expected to push market growth forward.
Fuel-powered vehicles are among the top contributors to air pollution and global warming.
Eco-conscious consumers are opting for electric two-wheelers as sustainable alternatives.
Increasing fuel prices and depleting fossil resources further accelerate EV adoption.
Scooters and motorcycles offer better maneuverability in traffic-heavy cities.
Growing traffic congestion and limited parking drive consumer preference for electric two-wheelers.
Financing options like low-interest loans & EMIs are making EVs more accessible to middle-income groups.
Logistics and food delivery companies are transitioning to EV fleets.
Example: In March 2025, Uber Eats partnered with Zenion to help 3,000 delivery partners adopt electric motorbikes.
High upfront cost of EVs compared to conventional vehicles due to advanced batteries
Limited repair & maintenance infrastructure
Range anxiety caused by insufficient charging facilities
Companies like Yamaha & Maeving are introducing hot-swappable battery modules, allowing easy adjustments in under a minute.
Advanced features for speed, torque, and performance control are boosting consumer appeal.
In Jan 2025, Yadea launched a scooter powered by sodium battery technology.
In July 2025, Ather Energy (India) announced a Battery-as-a-Service (BaaS) model, enabling affordable scooters with subscription-based battery plans.
Lack of charging infrastructure in many countries
Cybersecurity risks & safety concerns in electric vehicles
Uncertainty in long-term battery performance
Accounted for ~90% of global revenue in 2024
Key markets: China, India, South Korea, Japan
Government support via subsidies, PLI schemes, and EV manufacturing incentives
High adoption driven by dense urban populations and traffic challenges
Increasing adoption fueled by rising environmental awareness & higher disposable incomes
Government initiatives for emission reduction driving demand
Strong presence of high-value EV motorcycle brands targeting premium buyers
Key players shaping the electric motorcycle and scooter industry include:
BMW Motorrad
Revolt Motors
Vespa (Piaggio Group)
Energica Motor Company
Super Soco
Harley-Davidson (LiveWire)
NIU Technologies
Zero Motorcycles
Yadea
Gogoro
Cake
Lightning Motorcycles
By Product
Motorcycles
Scoters (largest share – ~61% in 2024)
By Battery
Lithium-Ion (Li-ion) – ~87.9% market share
Lead Acid
Nickel Metal Hydride
Solid-State
Others
By Region
Asia-Pacific (China, India, Japan, South Korea, SE Asia)
North America (U.S., Canad
Europe (Germany, France, UK, Italy, Spain, others)
Latin America (Brazil, Mexico, others)
Middle East & Africa (GCC, South Africa, others)
The electric motorcycle and scooter market is on the brink of a revolution. With environmental concerns, urban congestion, and technological breakthroughs driving adoption, the industry is well-positioned for strong growth.
While high costs and limited infrastructure remain challenges, government support, innovative designs, and battery advancements will pave the way for widespread adoption by 2034.
👉 By the next decade, electric scooters and motorcycles may dominate city streets as the go-to choice for sustainable urban mobility.