Electric Two-Wheeler Market Size, Share, Trends, Industry Analysis Report: By Vehicle Type (Electric Scooters, Electric Motorcycles, and Electric Mopeds), Application, Battery Type, and Region (North America, Europe, Asia Pacific, Latin America, and Middl

The global electric two-wheeler market size is expected to reach USD 63.04 billion by 2034, according to a new study by Polaris Market Research. The report “Electric Two-Wheeler Market Size, Share, Trends, Industry Analysis Report: By Vehicle Type (Electric Scooters, Electric Motorcycles, and Electric Mopeds), Application, Battery Type, and Region (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa) – Market Forecast, 2025–2034” gives a detailed insight into current market dynamics and provides analysis on future market growth.

The electric two-wheeler market encompasses the production and sale of electric-powered scooters, motorcycles, and mopeds. This market serves as a sustainable alternative to traditional internal combustion engine (ICE) vehicles, addressing urban mobility challenges while aligning with global efforts to combat climate change. The market’s growth is driven by rising consumer demand for eco-friendly transportation and favorable government policies promoting electric vehicles (EVs).

The electric two-wheeler market offers immense opportunities in urban and semi-urban areas due to rising fuel costs, traffic congestion, and the need for low-maintenance vehicles. Advancements in battery technology, such as solid-state and second-life batteries, enhance the appeal of electric two-wheelers. Government incentives such as tax rebates, subsidies, and mandates targeting EV adoption propel the electric two-wheeler market growth. Increasing awareness about climate change has accelerated the shift toward zero-emission vehicles.

Electric Two-Wheeler Market Report Highlights

In terms of vehicle type, the electric scooters segment accounted for the largest electric two-wheeler market share in 2024 due to the increasing consumer preference for affordable and efficient urban mobility solutions, coupled with strong government incentives promoting electric vehicle adoption.

Based on battery type, the lithium-ion batteries segment held a significant market share in 2024 due to their superior energy density, longer lifespan, and faster charging capabilities, making them the preferred choice for electric two-wheelers.

In 2024, Asia Pacific accounted for the largest share of the electric two-wheeler market revenue due to a combination of high demand for electric vehicles, supportive government policies, and a rapidly expanding charging infrastructure across major countries in the region.

The Europe market is expected to witness the fastest growth during the forecast period due to increasing environmental regulations, a strong push toward sustainable transportation solutions, and rising consumer awareness about the benefits of electric mobility.

A few of the global key market players are Yadea Group Holdings Ltd.; Hero Electric; Ather Energy; Niu Technologies; Bajaj Auto Ltd.; TVS Motor Company; Gogoro Inc.; Ampere Vehicles; Ola Electric Mobility; Vmoto Limited; Revolt Motors; Mahindra Electric Mobility Ltd.; BMW Motorrad; Honda Motor Co., Ltd.; and Piaggio Group.

Polaris Market Research has segmented the electric two-wheeler market report on the basis of vehicle type, application, battery type, and region:

By Vehicle Type Outlook (Revenue, USD Billion, 2020–2034)

Electric Scooters

Electric Motorcycles

Electric Mopeds

By Application Outlook (Revenue, USD Billion, 2020–2034)

Personal Use

Commercial Use (e.g., Delivery Services, Ride-Hailing)

By Battery Type Outlook (Revenue, USD Billion, 2020–2034)

Lithium-Ion Batteries

Lead-Acid Batteries

By Regional Outlook (Revenue, USD Billion, 2020–2034)

North America

• US
• Canada

• Germany
• France
• UK
• Italy
• Spain
• Netherlands
• Russia
• Rest of Europe

• China
• Japan
• India
• Malaysia
• South Korea
• Indonesia
• Australia
• Vietnam
• Rest of Asia Pacific

• Saudi Arabia
• UAE
• Israel
• South Africa
• Rest of Middle East & Africa

• Mexico
• Brazil
• Argentina
• Rest of Latin America