The global electric scooter market size was valued at USD 4.3 billion in 2024 and is expected to reach USD 12.4 billion by 2030, at a CAGR of 18.9% from 2024 to 2030. The global market is poised for significant growth, driven by expanding charging infrastructure, increased adoption in key countries, and a heightened focus on environmental sustainability. Governments worldwide are actively promoting electric vehicles (EVs) to reduce pollution from traditional gasoline-powered options, leading to substantial investments in charging networks and making electric scooters and motorcycles more viable for consumers. Rising fuel prices and a growing demand for energy-efficient commuting options further propel market expansion. For instance, China aims for 40% of its total vehicles to be new energy vehicles (NEVs) and clean energy-powered by 2030, up from its earlier target of 20% by 2025, while Indonesia targets 13 million electric two-wheelers by 2030, constituting 25% of total two-wheeler sales. Innovation remains crucial, with manufacturers investing heavily in research and development to improve battery technology, resulting in extended range, faster charging times, and lower costs. Additionally, efforts to find alternative materials for manufacturing electric two-wheelers aim to reduce production costs, making these vehicles more competitive with their gasoline counterparts.
Market Dynamics :
Driver: Advancement in Battery Technology
The battery is a major component of an electric scooter. Technological advances in batteries, especially regarding their charge density, making them extractable and more competitive, are the focus of the electric scooter segment’s main research and development efforts worldwide. Currently, companies are providing multiple charging options, including a portable charger that can be used to charge vehicles in public places. Besides, charging stations are also installed at homes for convenience. Innovations in EV battery technology are advancing rapidly as more people realize the benefits of sustainable mobility. The industry is focusing on developments in battery technology, such as silicon anode batteries, lithium-ion and lithium-sulfur batteries, and solid-state batteries. Increasing battery energy density and adding fast charging capabilities are top priorities for battery and electric vehicle manufacturers. They are also keeping a close eye on technological advancements that will extend battery life and make recycling easier, helping the general public overcome the obstacles to electric scooter adoption. Many OEMs have also started offering electric scooters & motorcycles ranging from 100 to 150 km, with the batteries required to be replaced after 5 to 7 years. The research focuses on conventional lithium-ion, advanced lithium-ion using an intermetallic anode (silicon alloy composite), and future advanced lithium-ion (lithium metal, including lithium-sulfur and lithium-cobalt) batteries. Such rapid developments in battery technology would overcome the issue of range limitation in electric two-wheelers, thereby encouraging customers to prefer electric scooters & motorcycles.
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“The commercial use of electric scooter is expected to show significant growth during the forecast period.”
Fleet owners delivering goods and services to their customers increasingly rely on electric scooters and motorcycles. Electric two-wheelers often come equipped with advanced telematics and fleet management systems. These technologies enable real-time tracking, route optimization, and efficient fleet management, improving delivery efficiency. Businesses can monitor vehicle performance, schedule maintenance, and analyze data to optimize operations. Using electric scooters/mopeds and motorcycles can significantly reduce delivery costs and improve profitability. Meal delivery companies across the globe use electric scooters. For instance, in December 2023, Uber Eats (US) partnered with Gogoro (Taiwan) for Green Delivery Program. The partnership is word USD 30 million. Uber Eats delivery partners will receive discounts on new Gogoro Smartscooters and battery swapping programs and be given incentives for deliveries on Gogoro Smartscooters. Through the program, Uber Eats expects EV deliveries in Taiwan to double from nearly 20% to 40% by the end of 2025. Also increasing fuel prices, the need to rationalize costs, favorable government policies, and rising awareness of emission-free vehicles would boost the adoption of electric scooters for commercial use in the forecasted period.
Improved battery technology and charging infrastructure are needed to drive the segment.
Compared to lower voltage options (like 36 V or 48 V), 72 V batteries generally offer more power. This translates to better acceleration with higher speeds. 72 V batteries are mostly preferred where high performance is required. Compared to other batteries, these batteries are expensive and are mostly used in high-performance electric scooters and motorcycles. Due to recent advancements in lithium-ion battery technology, manufacturers may now be able to resolve the high energy-to-weight ratio of high voltage batteries, like the 72 V. This helps further to improve the energy efficiency and range of electric two-wheelers. Hero Electric offers its electric scooter Photon, with a 72 V battery, for customers who do not want to compromise performance. Manufacturers are introducing new vehicle models to cater to the market’s demand for high-voltage electric scooters and motorcycles. For instance, in November 2023, Yadea Technology Group Co., Ltd. unveiled the Yadea Kemper electric motorcycle at the EICMA 2023 Milan Motorcycle Show. The motorcycle has a top speed of 160 km/h (99.4 mph) and a centrally-mounted motor rated for 23 kW of continuous power and 40 kW of peak power with a battery of 72 V.
“Europe is expected to become second largest growing market for electric scooter during the forecast period.”
Europe is home to many electric two-wheeler manufacturing companies, such as Silence Urban Ecomobility (Spain), Energica Motor Company (Italy), GOVECS (Germany), and Piaggio (Italy). The automotive industry is one of the key contributors to Europe’s economy. The increasing concerns over carbon emissions by conventional ICE two-wheelers and efficiency in this mode of travel have led European two-wheeler manufacturers to develop electric scooters and motorcycles. Government initiatives have encouraged the key players in the market to develop advanced electric two-wheelers and the infrastructure for charging facilities. The rising demand for electric two-wheelers has allowed new players to increase their regional presence. In April 2024, British e-scooter manufacturer Swifty Scooters launched the UK’s first road-legal e-scooter – the GO GT500. Honda Motor Co., Ltd. (Japan) launched its first electric two-wheeler for Europe, the EM1 e, in May 2023. The vehicle uses Honda’s Power Pack swappable battery technology. Ultraviolette Automotive’s (India) F77 electric motorcycle is scheduled to be available in Europe in the second quarter of 2024.
Key Players
The electric scooter market is dominated by established players such as Yadea Technology Group Co., Ltd. (China), Ola Electric (India), TVS Motor Company (India), Ather Energy (India), and Gogoro (Taiwan).
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