Navigant Predicts Sales Of Electric Motorcycles, Scooters Will Hit 6 Million Annually By 2023
“The market for power two-wheel (PTW) vehicles, which includes electric motorcycles (e-motorcycles) and electric scooters (e-scooters), has grown slowly in recent years. Although sales volumes in the next couple of years are likely to remain low, due to continued high costs for components and low levels of demand, this market is poised for growth after 2015...”
Predicts Navigant Research.
But by how much and how quickly will the two-wheel electric market grow?
“…worldwide sales of e-motorcycles will grow from 1.2 million vehicles annually in 2014 to 1.4 million in 2023, while sales of e-scooters will grow from 4.1 million to 4.6 million.”
That seems like some rather slow growth to us.
John Gartner, research director with Navigant Research, states:
“Consumers are seeking refuge from higher gasoline prices, electric two-wheel vehicles are growing more mature, and cities are becoming increasingly congested with traffic. All of these factors will contribute to growing demand for power two-wheel vehicles — particularly high-powered e-motorcycles.”
As expected, Navigant predicts that China will lead the way in total sales of both electric scooters and electric motorcycles. However, North America and Europe may see the most growth in sales in those two segments over the next 9 years.