Electric Two-wheelers Market Size & Share Analysis - Growth Trends And Forecast (2024 - 2031)
By Vehicle Type;
Electric Scooter & Moped and Electric MotorcycleBy Battery Type;
Lithium-Ion and Sealed Lead Acid (SLA)By Voltage Type;
Less Than 48V, 48-60V, 61-72V, 73-96V and Greater Than 96VBy Peak Power;
Less Than 3 kW, 3-6 kW, 7-10 kW and Greater Than 10 kWBy Battery Technology;
Removable and Non-RemovableBy Motor Placement;
Hub Type and Chassis MountedBy Geography;
North America, Europe, Asia Pacific, Middle East & Africa and Latin America - Report Timeline (2021 - 2031)Electric Two-wheelers Market Overview
Electric Two-wheelers Market (USD Million)
Electric Two-wheelers(E2Ws) Market was valued at USD 33862.71 million in the year 2024 in the year 2024. The size of this market is expected to increase to USD 74859.66 million by the year 2031, while growing at a Compounded Annual Growth Rate (CAGR) of 12.0%.
Electric Two-wheelers Market
*Market size in USD million
CAGR 12.0 %
| Study Period | 2026 - 2032 |
|---|---|
| Base Year | 2025 |
| CAGR (%) | 12.0 % |
| Market Size (2025) | USD 33862.71 Million |
| Market Size (2032) | USD 74859.66 Million |
| Market Concentration | Low |
| Report Pages | 361 |
Major Players
- Jiangsu Xinri E-Vehicle
- Yadea Technology Group
- Zhejiang Luyuan Electric Vehicle
- Bodo Electric Vehicle Group
- Changzhou Hongdu Electric Bicycle
- China Xingyue Group
- EZee Kinetics Technology
- Giant Manufacturing
- Guangzhou Camqi Electric Vehicle
- Jiangsu Aima Manufacturing & Technology
- Qingdao Aucma Electric Vehicle
- Shandong Incalcu Electric Vehicle
- SYM Sanyang Industry
- Tianjin Cosbike Electric Bicycle
- Tianjin Fushida Electric Bicycle
Market Concentration
Consolidated - Market dominated by 1 - 5 major players
Electric Two-wheelers Market
Fragmented - Highly competitive market without dominant players
Electric Two-wheelers Market is growing rapidly as more commuters opt for eco-friendly mobility. Nearly 58% of urban users are choosing electric options because of their lower costs, minimal maintenance, and zero emissions. This surge in demand reflects the strong role of sustainable vehicles in shaping future transportation.
Focus on Performance and Efficiency
Enhanced battery capacity and advanced motor technology are fueling the market’s expansion. About 46% of electric two-wheelers now come with upgraded energy storage systems, providing longer range and increased durability. Coupled with high-performance motors, these improvements make electric models a practical and efficient replacement for traditional alternatives.
Technological Enhancements in Features
Smart and connected features are becoming a standard in modern electric two-wheelers. Approximately 43% of new launches are equipped with digital interfaces, GPS tracking, and app-based connectivity. These additions enhance safety, rider convenience, and support the industry’s move toward intelligent transport systems.
Sustainability as a Market Driver
Environmental initiatives are significantly boosting adoption of electric mobility solutions. Over 52% of fleet operators are now relying on electric two-wheelers to achieve emission reduction goals and optimize efficiency. This growing shift demonstrates how green mobility is becoming central to both business operations and consumer lifestyles.
Growth Prospects and Market Potential
The future of the electric two-wheelers market is highly promising with ongoing advancements and wider acceptance. Nearly 49% of mobility investments today are funneled into electric models, showing confidence in this segment. The combination of consumer preference, innovation, and sustainability strategies is expected to sustain long-term growth momentum.
Electric Two-wheelers Market Key Takeaways
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The rising consumer focus on sustainable mobility is accelerating demand for electric two-wheelers, especially in urban regions where affordable EV options are becoming increasingly popular.
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More than 9% of global two-wheeler fleets are now electric, showcasing a significant shift toward eco-friendly transportation and reduced dependence on fossil fuels.
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Government initiatives such as subsidies, tax incentives, and infrastructure development are driving large-scale adoption of electric mobility solutions across emerging and developed markets.
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Continuous progress in battery efficiency, charging speed, and removable battery systems is improving convenience, range, and consumer confidence in the EV segment.
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Innovative business models like subscription-based ownership, ride-sharing, and delivery fleet electrification are reshaping how electric two-wheelers are utilized and monetized.
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Key challenges persist, including limited charging infrastructure, range anxiety, and price competitiveness with internal combustion vehicles in certain regions.
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Leading manufacturers are focusing on localized production, strategic partnerships, and product differentiation to gain an edge in this rapidly evolving market.
Electric Two-wheelers Market Recent Developments
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In October 2024, Citi entered into a strategic agreement with Google Cloud to modernize its technology infrastructure and deploy generative AI capabilities through Vertex AI. This collaboration enhances Citi’s digital transformation efforts and data-driven operations.
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In July 2025, Alibaba Cloud announced a major investment exceeding $60 million and formed strategic collaborations with partners including Atos, Crayon, PingCAP, and DXC Technology to strengthen its global AI innovation ecosystem.
Electric Two-wheelers Market Segment Analysis
In this report, Electric Two-wheelers Market has been segmented by Vehicle Type, Battery Type, Voltage Type, Peak Power, Battery Technology, Motor Placement, and Geography.
Electric Two-wheelers Market, Segmentation by Vehicle Type
Segmentation by vehicle type demonstrates how scooters, mopeds, and motorcycles address diverse urban mobility and transportation needs. Adoption is influenced by range requirements, speed capabilities, and user convenience, with scooters dominating short-range commuting and motorcycles preferred for longer distances and higher speed performance.
Electric Scooter & Moped
Electric scooters and mopeds dominate adoption with penetration exceeding 45%, offering compact size, energy efficiency, and ease of use for urban commuting and short-distance transport.
Electric Motorcycle
Electric motorcycles provide high-speed capability, extended range, and enhanced power output, making them suitable for long-distance travel and recreational use. Adoption is growing among enthusiasts and premium urban commuters.
Electric Two-wheelers Market, Segmentation by Battery Type
Battery type segmentation highlights the impact of energy storage technology on range, performance, and vehicle weight. Lithium-Ion dominates due to superior energy density and reduced weight, while SLA batteries remain in entry-level segments.
Lithium-Ion
Lithium-Ion batteries account for over 50% of adoption, providing longer range, lightweight construction, and faster charging capabilities suitable for urban and commuter two-wheelers.
Sealed Lead Acid (SLA)
SLA batteries are used in cost-sensitive models, offering reliable performance for short-range urban commuting with low maintenance requirements.
Electric Two-wheelers Market, Segmentation by Voltage Type
Voltage type segmentation reflects vehicle speed, torque, and range capabilities. Higher voltage systems enable longer ranges and higher power output, while lower voltage systems support cost-effective and lightweight models.
Less Than 48V
Low-voltage vehicles are ideal for urban commuting with short-range travel and energy-efficient operation.
48-60V
48-60V vehicles balance performance and range, suitable for daily city travel and delivery services.
61-72V
61-72V vehicles support extended urban and suburban commutes with enhanced speed and torque.
73-96V
73-96V vehicles offer higher power output for demanding commuting conditions and premium scooters and motorcycles.
Greater Than 96V
High-voltage vehicles support maximum speed, long-range travel, and high-performance motorcycles, emphasizing energy efficiency and robust performance.
Electric Two-wheelers Market, Segmentation by Peak Power
Peak power segmentation reflects acceleration capability and suitability for diverse user needs, from low-power urban transport to high-performance motorcycles.
Less Than 3 kW
Low-power vehicles are primarily used for short commutes and low-speed urban travel, emphasizing cost efficiency and lightweight design.
3-6 kW
Mid-power vehicles provide balanced speed and range, supporting commuter scooters and light motorcycles.
7-10 kW
High-power vehicles cater to heavy urban commuting and performance motorcycles, offering enhanced acceleration and extended range.
Greater Than 10 kW
Very high-power vehicles target premium motorcycles with maximum performance, speed, and long-distance capabilities for professional and recreational riders.
Electric Two-wheelers Market, Segmentation by Battery Technology
Battery technology segmentation reflects user preference for removable or non-removable batteries based on charging convenience, portability, and serviceability.
Removable
Removable batteries enhance charging flexibility, allowing users to recharge separately and extend vehicle usability.
Non-Removable
Non-removable batteries are integrated for compact design and improved structural integrity, often used in premium or high-performance models.
Electric Two-wheelers Market, Segmentation by Motor Placement
Motor placement segmentation impacts vehicle handling, torque delivery, and ride experience, influencing adoption across different vehicle designs.
Hub Type
Hub motors are directly integrated into the wheel, offering compact design, reduced mechanical complexity, and efficient torque delivery for scooters and mopeds.
Chassis Mounted
Chassis-mounted motors provide higher power output and better weight distribution, preferred in motorcycles and high-performance electric scooters.
Electric Two-wheelers Market, Segmentation by Geography
Geographic segmentation reflects regional adoption based on urban density, EV regulations, and charging infrastructure availability.
Regions and Countries Analyzed in this Report
North America
North America leads adoption with penetration exceeding 45%, driven by strong urban EV adoption, incentives, and infrastructure development for electric mobility.
Europe
Europe accounts for nearly 30% of demand, fueled by stringent emission standards, e-mobility incentives, and increasing adoption of electric scooters and motorcycles.
Asia Pacific
Asia Pacific is witnessing rapid growth with adoption approaching 35%, supported by high population density, last-mile mobility demand, and government policies promoting electric two-wheelers.
Middle East & Africa
Middle East & Africa show steady uptake near 18%, driven by urban mobility initiatives and early adoption of electric scooters and motorcycles.
Latin America
Latin America represents emerging adoption at approximately 20%, fueled by expanding urban transport solutions and growing awareness of sustainable mobility.
Electric Two-wheelers Market Forces
This report provides an in depth analysis of various factors that impact the dynamics of Electric Two-wheelers(E2Ws) Market. These factors include; Market Drivers, Restraints and Opportunities Analysis.
Comprehensive Market Impact Matrix
This matrix outlines how core market forces Drivers, Restraints, and Opportunities affect key business dimensions including Growth, Competition, Customer Behavior, Regulation, and Innovation.
| Market Forces ↓ / Impact Areas → | Market Growth Rate | Competitive Landscape | Customer Behavior | Regulatory Influence | Innovation Potential |
|---|---|---|---|---|---|
| Drivers | High impact (e.g., tech adoption, rising demand) | Encourages new entrants and fosters expansion | Increases usage and enhances demand elasticity | Often aligns with progressive policy trends | Fuels R&D initiatives and product development |
| Restraints | Slows growth (e.g., high costs, supply chain issues) | Raises entry barriers and may drive market consolidation | Deters consumption due to friction or low awareness | Introduces compliance hurdles and regulatory risks | Limits innovation appetite and risk tolerance |
| Opportunities | Unlocks new segments or untapped geographies | Creates white space for innovation and M&A | Opens new use cases and shifts consumer preferences | Policy shifts may offer strategic advantages | Sparks disruptive innovation and strategic alliances |
Drivers, Restraints and Opportunity Analysis
Drivers :
- Rising Fuel Prices
- Environmental Concerns
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Environmental Concerns - The Electric Two-wheelers (E2Ws) Market is experiencing a surge in demand driven by growing environmental concerns worldwide. As awareness of climate change and pollution continues to rise, consumers are increasingly seeking eco-friendly transportation alternatives to reduce their carbon footprint. Electric two-wheelers offer a sustainable solution, emitting zero tailpipe emissions during operation and significantly reducing greenhouse gas emissions compared to traditional gasoline-powered vehicles. This eco-friendly attribute aligns with efforts to mitigate air pollution, combat climate change, and promote sustainable urban mobility.
Furthermore, the adoption of electric two-wheelers is bolstered by regulatory initiatives aimed at curbing emissions and promoting clean transportation. Governments and regulatory bodies worldwide are implementing stringent emission standards and offering incentives to encourage the adoption of electric vehicles, including subsidies, tax credits, and rebates. These policies not only incentivize consumers to switch to electric two-wheelers but also drive investment in infrastructure development, such as charging stations and battery recycling facilities. Overall, the Electric Two-wheelers Market plays a crucial role in addressing environmental concerns and advancing the transition towards cleaner and more sustainable transportation solutions.
Restraints :
- Higher upfront cost
- Limited Charging Infrastructure
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Range Anxiety - Range anxiety remains a notable concern in the Electric Two-wheelers (E2Ws) Market, affecting consumer adoption and market growth. Range anxiety refers to the fear or uncertainty experienced by electric vehicle users about running out of battery charge before reaching their destination, particularly in the absence of accessible charging infrastructure. This apprehension can hinder the widespread adoption of electric two-wheelers, as potential buyers may hesitate to invest in vehicles with limited range capabilities.
To address range anxiety and promote market growth, stakeholders in the electric two-wheeler industry are actively working to improve battery technology and charging infrastructure. Advancements in battery efficiency and energy density are extending the range of electric two-wheelers, providing users with greater confidence in their ability to complete their journeys without running out of charge. Additionally, the expansion of charging infrastructure, including public charging stations and fast-charging networks, is essential for alleviating range anxiety and enhancing the practicality and convenience of electric two-wheelers. By addressing range anxiety through technological innovation and infrastructure development, the Electric Two-wheelers Market can overcome this barrier to adoption and unlock its full potential for sustainable urban mobility.
Opportunities :
- Technological advancements
- Focus on affordability
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Expansion of charging infrastructure - The expansion of charging infrastructure is pivotal for the continued growth and adoption of electric two-wheelers (E2Ws) globally. As these vehicles become increasingly popular, the availability of reliable and accessible charging stations becomes essential to support their widespread use. Expanding the charging infrastructure network involves establishing a comprehensive network of charging stations in urban and rural areas, along major transportation routes, and in key commercial and residential areas.
This infrastructure expansion aims to address range anxiety among electric two-wheeler users, providing them with convenient charging options to ensure uninterrupted mobility. Moreover, expanding the charging infrastructure presents economic opportunities and benefits for various stakeholders. It stimulates investment in clean energy technologies, creates jobs in manufacturing, installation, and maintenance of charging stations, and fosters innovation in energy storage and distribution. Additionally, a robust charging infrastructure network enhances energy security, reduces greenhouse gas emissions, and promotes sustainable urban development. By investing in the expansion of charging infrastructure, governments, businesses, and communities can accelerate the transition to electric mobility and unlock the full potential of the Global Electric Two-wheelers (E2Ws) Market.
Electric Two-wheelers Market Competitive Landscape Analysis
Electric Two-wheelers Market is witnessing rapid transformation fueled by sustainability goals, urban mobility needs, and supportive government policies. Major companies are pursuing strategies such as partnerships, large-scale collaboration, and technological innovation to enhance product efficiency and affordability. The sector demonstrates strong growth, with adoption rates reaching nearly 42% due to increased consumer preference for eco-friendly mobility.
Market Structure and Concentration
Electric Two-wheelers Market is moderately fragmented, with top manufacturers holding about 53% of total share. Smaller and regional players employ niche strategies by focusing on affordable models and battery-swapping technologies. Frequent mergers and collaboration in supply chains strengthen competitiveness, while diversified product offerings enable market expansion across urban and semi-urban regions.
Brand and Channel Strategies
Key companies emphasize brand positioning with eco-conscious campaigns, digital marketing, and dealership strategies. Partnerships with charging infrastructure providers accelerate adoption and strengthen consumer trust. Online platforms and direct-to-consumer channels now account for nearly 47% of sales, driving growth while ensuring stronger customer engagement and post-purchase service support.
Innovation Drivers and Technological Advancements
Continuous innovation in battery technology, lightweight materials, and smart connectivity defines the Electric Two-wheelers Market. Technological advancements in fast charging, IoT-based tracking, and AI-driven energy optimization contribute significantly to growth. Nearly 35% of new product launches focus on extended range and reduced charging time, ensuring sustainable performance and consumer satisfaction.
Regional Momentum and Expansion
Asia-Pacific leads with approximately 61% adoption, driven by large-scale manufacturing and government-backed incentives. Europe and North America are showing steady growth through collaboration in charging infrastructure and clean mobility programs. Regional expansion is further boosted by rising demand in emerging economies, where cost-effective models and supportive policies accelerate adoption.
Future Outlook
Electric Two-wheelers Market is poised for long-term growth as sustainability, affordability, and innovation converge. Strategic collaboration in battery-swapping networks, renewable charging, and digital mobility platforms will redefine competitive advantage. With adoption expected to rise by nearly 45%, future expansion will focus on intelligent mobility ecosystems and next-generation energy solutions.
Key players in Electric Two-wheelers(E2Ws) Market include:
- TVS Motor Company
- Bajaj Auto
- Ola Electric
- Ather Energy
- Hero MotoCorp
- Yadea
- NIU Technologies
- Gogoro
- Vmoto
- Terra Motors
- Mahindra GenZe
- Okinawa Autotech
- Revolt Motors
- Ampere Vehicles
- Simple Energy
In this report, the profile of each market player provides following information:
- Market Share Analysis
- Company Overview and Product Portfolio
- Key Developments
- Financial Overview
- Strategies
- Company SWOT Analysis
- Introduction
- Research Objectives and Assumptions
- Research Methodology
- Abbreviations
- Market Definition & Study Scope
- Executive Summary
- Market Snapshot, By Vehicle Type
- Market Snapshot, By Battery Type
- Market Snapshot, By Voltage Type
- Market Snapshot, By Peak Power
- Market Snapshot, By Battery Technology
- Market Snapshot, By Motor Placement
- Market Snapshot, By Region
- Electric Two-wheelers(E2Ws) Market Forces
- Drivers, Restraints and Opportunities
- Drivers
- Rising Fuel Prices
- Environmental Concerns
- Environmental Concerns
- Restraints
- Higher upfront cost
- Limited Charging Infrastructure
- Range Anxiety
- Opportunities
- Technological advancements
- Focus on affordability
- Expansion of charging infrastructure
- Drivers
- PEST Analysis
- Political Analysis
- Economic Analysis
- Social Analysis
- Technological Analysis
- Porter's Analysis
- Bargaining Power of Suppliers
- Bargaining Power of Buyers
- Threat of Substitutes
- Threat of New Entrants
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Competitive Rivalry
- Drivers, Restraints and Opportunities
- Market Segmentation
- Electric Two-wheelers Market, By Vehicle Type, 2021 - 2031 (USD Million)
- Electric Scooter & Moped
- Electric Motorcycle
- Electric Two-wheelers Market, By Battery Type, 2021 - 2031 (USD Million)
- Lithium-Ion
- Sealed Lead Acid (SLA)
- Electric Two-wheelers Market, By Voltage Type, 2021 - 2031 (USD Million)
- Less Than 48V
- 48-60V
- 61-72V
- 73-96V
- Greater Than 96V
- Electric Two-wheelers Market, By Peak Power, 2021 - 2031 (USD Million)
- Less Than 3 kW
- 3-6 kW
- 7-10 kW
- Greater Than 10 kW
- Electric Two-wheelers Market, By Battery Technology, 2021 - 2031 (USD Million)
- Removable
- Non-Removable
- Electric Two-wheelers Market, By Motor Placement, 2021 - 2031 (USD Million)
- Hub Type
- Chassis Mounted
- Electric Two-wheelers(E2Ws) Market, By Geography, 2021 - 2031 (USD Million)
- North America
- United States
- Canada
- Europe
- Germany
- United Kingdom
- France
- Italy
- Spain
- Nordic
- Benelux
- Rest of Europe
- Asia Pacific
- Japan
- China
- India
- Australia & New Zealand
- South Korea
- ASEAN (Association of South East Asian Countries)
- Rest of Asia Pacific
- Middle East & Africa
- GCC
- Israel
- South Africa
- Rest of Middle East & Africa
- Latin America
- Brazil
- Mexico
- Argentina
- Rest of Latin America
- North America
- Electric Two-wheelers Market, By Vehicle Type, 2021 - 2031 (USD Million)
- Competitive Landscape
- Company Profiles
- TVS Motor Company
- Bajaj Auto
- Ola Electric
- Ather Energy
- Hero MotoCorp
- Yadea
- NIU Technologies
- Gogoro
- Vmoto
- Terra Motors
- Mahindra GenZe
- Okinawa Autotech
- Revolt Motors
- Ampere Vehicles
- Simple Energy
- Company Profiles
- Analyst Views
- Future Outlook of the Market

