Electric Two-Wheeler Market
The electric two-wheeler market consists of the production and sale of electric scooters, motorcycles, and mopeds. These vehicles serve as sustainable alternatives to traditional internal combustion engine vehicles for consumers in urban and semi-urban areas, as well as for commercial applications like delivery services. Key growth drivers include rising consumer demand for eco-friendly transport, favorable government policies and incentives, increasing fuel costs, and advancements in battery technology.
CAGR
21%
Compound Annual Growth Rate
Current Value
$13.7B
Estimated 2026
Projected Value
$63.0B
By 2034
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