PUBLISHER: TechSci Research | PRODUCT CODE: 1797075
PUBLISHER: TechSci Research | PRODUCT CODE: 1797075
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North America Electric Two-Wheeler Market was valued at USD 3.36 billion in 2024 and is expected to reach USD 6.39 billion by 2030 with a CAGR of 11.31% during the forecast period. The North America Electric Two-Wheeler Market is witnessing robust growth, driven by increasing consumer preference for sustainable and cost-efficient mobility solutions. Rising awareness of environmental issues and stringent government regulations on carbon emissions have propelled the adoption of electric two-wheelers, particularly among urban commuters. According to the U.S. Environmental Protection Agency (EPA), the transportation sector was responsible for 29% of total U.S. greenhouse gas emissions in 2021, prompting stronger policy support for electric mobility.
Market Overview | |
---|---|
Forecast Period | 2026-2030 |
Market Size 2024 | USD 3.36 Billion |
Market Size 2030 | USD 6.39 Billion |
CAGR 2025-2030 | 11.31% |
Fastest Growing Segment | Lithium-ion |
Largest Market | United States |
Technological advancements in battery systems, including improved energy density, faster charging capabilities, and extended life cycles, have enhanced vehicle performance and reduced operational costs. Notably, in 2024, Clean Electric unveiled a lithium-ion battery technology capable of recharging electric two-wheelers in just 12 minutes, a significant leap from the conventional 60-120 minutes. These factors, combined with growing investments in electric vehicle infrastructure, are making electric scooters and motorcycles a practical alternative to conventional vehicles.
Urban adoption is further supported by rising e-bike sales. According to the Light Electric Vehicle Association (LEVA), U.S. e-bike sales surpassed 1.1 million units in 2022, up almost 10x from 2014, indicating a massive surge in consumer acceptance.
Market Drivers
Technological Advancements in Battery Systems
The evolution of battery technology is a primary driver of the North America Electric Two-Wheeler Market. Innovations such as lithium-ion batteries with higher energy densities, rapid charging capabilities, and extended lifespans have significantly improved vehicle performance. These advancements have reduced operational costs and addressed concerns around range anxiety. For instance, Clean Electric's rapid-charging tech allows full recharging in just 12 minutes, setting a new benchmark for convenience. The growing U.S. battery manufacturing capacity, expected to exceed 1,000 GWh by 2030, according to the U.S. Department of Energy, also supports domestic assembly and lowers reliance on imports.
Market Challenges
High Initial Purchase Cost
A significant challenge facing the North America Electric Two-Wheeler Market is the high initial purchase cost of electric scooters and motorcycles compared to their traditional internal combustion engine (ICE) counterparts. Despite the lower operational and maintenance costs over the long term, the upfront price of electric two-wheelers remains a major barrier for potential buyers. This is largely due to the expensive battery systems, electric drivetrains, and advanced technologies incorporated in these vehicles. Although government incentives, rebates, and subsidies can help mitigate the price difference, the initial investment remains a deterrent, especially for cost-conscious consumers who are used to the relatively lower upfront costs of ICE vehicles. This issue is further exacerbated for the mass adoption of electric two-wheelers in lower-income regions and among budget-conscious buyers. For electric vehicles to gain widespread acceptance, manufacturers and governments must continue to work on reducing costs through economies of scale and innovations in battery technology.
Key Market Trends
Growth of Electric Motorcycle Segment
The electric motorcycle segment is emerging as a significant trend in the North America Electric Two-Wheeler Market. Increasing consumer interest in high-performance electric vehicles, especially among younger riders and urban commuters, is driving this segment. Electric motorcycles now offer improved acceleration, extended range, and advanced battery technology, making them viable alternatives to traditional motorcycles. Their appeal is further boosted by lower operational costs and the availability of premium models catering to enthusiasts. The rising focus on reducing greenhouse gas emissions has also made electric motorcycles a popular choice for eco-conscious consumers.
In this report, the North America Electric Two-Wheeler Market has been segmented into the following categories, in addition to the industry trends which have also been detailed below:
Company Profiles: Detailed analysis of the major companies presents in the North America Electric Two-Wheeler Market.
North America Electric Two-Wheeler Market report with the given market data, TechSci Research offers customizations according to the company's specific needs. The following customization options are available for the report: