Electric Motorcycle and Scooter Sales are Expected to Total 55 Million From 2015 to 2024

May 20, 2015

The transition from sealed lead-acid to lithium ion batteries is driving rapid industry advances, report finds

A recent report from Navigant Research examines the global markets for electric motorcycles and scooters and the related battery technologies, including global forecasts for electric two-wheeled vehicles and the batteries used in the vehicles through 2024.

Taken together, increasing interest from large manufacturers and decreasing battery costs offer an opportunity to drastically change the current market landscape for electric motorcycles and electric scooters. With well-known players such as Yamaha and Harley Davidson poised to expand offerings into this space, and low battery costs making products more affordable, sales of these vehicles are expected to experience stable and continuous growth in the coming decade. Click to tweet: According to a recent report from Navigant Research, sales of electric motorcycles and scooters are expected to total 55 million from 2015 to 2024.

“The acquisition of Brammo by Polaris Industries may have kick-started the entrance of large market players into the electric motorcycle market, and other companies are now gearing up to participate,” says Ryan Citron, research analyst with Navigant Research. “Meanwhile, in terms of battery costs, units that would have cost more than $1,000/kWh just a few years ago can now be had for about one-third of the price, and the cost of lithium ion (Li-ion) batteries is expected to continue to decline throughout the forecast period.”

Increased use of Li-ion batteries, which offer vastly improved power densities and longer lifespans over sealed lead-acid (SLA) batteries, is expected to be a key technology trend as the market for electric motorcycles and scooters grows, according to the report. While SLA batteries are expected to account for 92.3 percent of electric scooter batteries and 89.8 percent of electric motorcycle batteries in 2015, those figures are expected to decline to 78.9 percent and 65.5 percent, respectively, by 2024.

The report, Electric Motorcycles and Scooters, examines the global markets for high-powered and low-powered e-motorcycles, e-scooters, and the related battery technologies. It provides an analysis of the key market drivers, barriers, and technology issues related to electric powered two-wheel vehicles (e-PTWs), as well as the impact of incentives. Global forecasts for e-PTWs and the batteries used in the vehicles, segmented by region, technology, and internal combustion engine (ICE) motor size equivalent, extend through 2024. The report also examines the market for gasoline motorcycles and scooters, battery market issues, the effect of electric vehicle (EV) charging equipment, and major industry players. An Executive Summary of the report is available for free download on the Navigant Research website.

Contact: Ellie Stutts



* The information contained in this press release concerning the report, Electric Motorcycles and Scooters, is a summary and reflects Navigant Research’s current expectations based on market data and trend analysis. Market predictions and expectations are inherently uncertain and actual results may differ materially from those contained in this press release or the report. Please refer to the full report for a complete understanding of the assumptions underlying the report’s conclusions and the methodologies used to create the report. Neither Navigant Research nor Navigant undertakes any obligation to update any of the information contained in this press release or the report.

Register to Receive Updates

Sign up or login to receive free newsletters, research updates, access to webinars, and other analyst content from Navigant Research.

Data Services

An interactive data visualization platform with online access to global forecasts spanning the energy, utility, transportation, and buildings industries.

More Information

Research News

Schneider Electric, Siemens, and Ameresco Are the Leading Energy Service Companies
Experience and brand presence can provide a significant competitive advantage for market players A new…
Read More »
The Total Market for Drones and Robotics for Transmission and Distribution Is Expected to Exceed $13 Billion by 2026
To overcome regulatory barriers, utilities must continue to deploy pilot programs demonstrating the benefits of…
Read More »
Global Annual Revenue for Demand Response for Renewables Integration Is Expected to Reach $1.3 Billion in 2026
Grid operators are expected to increasingly use demand response for renewables integration as a resource…
Read More »
View All News

{"userID":"","pageName":"Electric Motorcycle and Scooter Sales are Expected to Total 55 Million From 2015 to 2024","path":"\/newsroom\/electric-motorcycle-and-scooter-sales-are-expected-to-total-55-million-from-2015-to-2024","date":"12\/11\/2017"}