United States (USA) Electric Two-Wheeler Market Overview, 2029

The US electric two-wheeler market is undergoing a rapid transformation, with several notable trends and new breakthroughs. Electric scooters emerge as market leaders, dominating the landscape, especially in shared mobility fleets. This spike in popularity can be due to their affordability, environmental friendliness, and significantly reduced operating costs than traditional gasoline-powered alternatives. Furthermore, electric scooters are consistent with the growing customer preference for sustainable transportation options, indicating a broader societal trend toward greener mobility solutions. Electric motorcycles, like scooters, are gaining popularity among enthusiasts looking for high performance as well as an environmentally sensitive ethos. This diversification of product offers reflects the market's changing preferences, in which consumers increasingly seek sustainability without sacrificing functionality or style. Navigating the world of electric two-wheelers requires a sophisticated understanding of pricing dynamics and segmentation. E-scooters hold a unique place in the industry due to their lower cost compared to e-motorcycles. Features, range, and brand reputation all have an impact on price differentials in this market. Globally, the price range for electric scooters is vast, often ranging from $500 to $2,000. In contrast, e-motorcycles attract higher prices, typically exceeding $10,000, due to their sophisticated specifications and premium positioning. However, pricing variations within each category highlight consumers' different preferences and priorities, with offerings customised to certain market niches. According to the research report “USA Electric Two Wheeler Market Overview, 2029," published by Bonafide Research, the USA Electric Two Wheeler Market is growing at a CAGR of more than 13% from 2024 to 2029. Consumers' growing environmental concern is a major driver of the rising electric two-wheeler business in the United States. Increased environmental consciousness, combined with concerns about air pollution and climate change, has prompted people to seek out greener transportation options. This shift toward sustainability is bolstered by government subsidies aimed at encouraging electric car usage. Consumers are incentivized to choose electric two-wheelers through federal and state subsidies, tax incentives, and dedicated lanes, boosting market expansion. Furthermore, the appeal of cheaper running costs associated with electric vehicles as compared to their gasoline equivalents is a significant factor in generating consumer interest. As people seek ways to lower their carbon footprint and reduce commuting costs, electric two-wheelers emerge as an appealing alternative that meets both environmental and economic goals. Despite the positive development potential, the US electric two-wheeler market faces a number of obstacles and regulatory issues. One of the most significant barriers is a lack of charging infrastructure, particularly outside of major urban areas, which impedes long-distance travel and contributes to range anxiety among users. Furthermore, battery range and technical constraints, along with rather slow charging times, create substantial impediments to wider adoption. Safety concerns are also prevalent, as legislation and standards for electric two-wheelers improve to assure rider safety and vehicle performance.

The electric two-wheeler market encompasses various segments based on different criteria such as vehicle type, battery type, motor power, and usage. Firstly, the market is divided by vehicle type, with electric motorcycles and electric scooters being the primary categories. Electric motorcycles, powered by electric motors and batteries, offer zero-emission transportation with lower operating costs and improved performance thanks to advancements in battery technology. Electric scooters, similarly powered by electric motors and rechargeable batteries, cater to short-distance commuting and urban transportation needs, offering convenience and eco-friendliness. Secondly, segmentation by battery type distinguishes between sealed lead-acid (SLA) and lithium-ion batteries. SLA batteries, known for their maintenance-free operation and suitability in environments with limited ventilation, find applications across various electric vehicles, including two-wheelers. On the other hand, lithium-ion batteries, characterised by their high energy density, are favoured for their lighter weight and enhanced storage capacity, making them ideal for electric motorcycles and scooters seeking improved performance and range. Further segmentation based on motor power includes 48V, 60V, and 72V systems, each offering distinct performance characteristics. The 48V segment typically caters to lower power ranges, balancing performance with cost-effectiveness. Meanwhile, the 60V segment strikes a balance between power output and battery capacity, suitable for various electric motorcycles and scooters. The 72V segment targets higher performance and longer range, appealing to consumers seeking enhanced capabilities for their electric two-wheelers. Additionally, there exists an "Others Motor Powers" segment encompassing electric vehicles with motor powers outside the specified categories, providing further diversity in the market. Lastly, segmentation by usage separates electric two-wheelers into commercial and private categories. Commercial electric vehicles are optimised for business-related activities such as delivery services and last-mile transportation, prioritising factors like range, durability, and carrying capacity to meet the demands of commercial users. In contrast, private electric two-wheelers target individual consumers for personal commuting, recreation, or general transportation purposes, offering flexibility and convenience for private use. Despite these hurdles, the market remains resilient, bolstered by government programs that encourage electric vehicle adoption. Government measures, such as tax incentives, rebates, and regulatory frameworks, are critical to promoting market growth and innovation. Compliance with safety and performance standards is critical, since governments impose certification requirements and restrictions to assure the dependability and safety of electric two-wheelers on the market. Supporting events and trade exhibitions emerge as critical platforms in this dynamic context, acting as drivers for innovation and collaboration. These conferences not only exhibit the most recent technology advancements, but they also provide essential networking opportunities for industry participants. Such gatherings bring stakeholders together to share insights, form collaborations, and explore opportunities for expansion, moving the electric two-wheeler market ahead. Simultaneously, the growth in commerce highlights the sector's expanding prospects. As imports rise and domestic manufacturing gains pace, the market shows signs of vigour and growth. This trend not only indicates rising consumer interest, but it also highlights the broader economic consequences, as governments and corporations recognize the role of electric two-wheelers in constructing sustainable mobility networks. The electric two-wheeler industry has seen a surge of activity in recent years, with considerable investments, strategic collaborations, and product advancements. Venture capitalists have invested large sums of money into electric two-wheeler startups, demonstrating investor confidence in the sector's development prospects and technological innovation. Meanwhile, strategic collaborations between established manufacturers and technology suppliers have emerged as a crucial trend, allowing for synergies and fostering innovation throughout the value chain.

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Manmayi Raval

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These alliances use complementary skills to accelerate product development and increase market penetration, positioning stakeholders for long-term success in a continuously changing context. Furthermore, the development of new models with longer ranges and faster charging capabilities demonstrates the industry's unwavering pursuit of perfection. These developments not only solve important customer pain areas, but also improve the overall value proposition of electric two-wheelers, resulting in increased adoption and market acceptance. As manufacturers continue to push the limits of innovation, the electric two-wheeler market is positioned for further growth and transformation, promising a future defined by sustainability, creativity, and unmatched mobility experiences. Lithium-ion batteries, a major component of electric two-wheelers, are subject to significant supply chain restrictions. As demand for electric vehicles grows, guaranteeing a consistent supply of lithium-ion batteries becomes critical. Companies are looking at alternative sources and investing in battery technology to reduce supply chain risks and improve manufacturing efficiency. Sustainable raw material sourcing is becoming increasingly important, driven by environmental and ethical concerns. Companies are closely monitoring their supply chains to guarantee appropriate extraction and procurement methods. Businesses that prioritise sustainability can improve their brand reputation, meet regulatory requirements, and contribute to the long-term health of the electric two-wheeler industry. Considered in this report • Historic year: 2018 • Base year: 2023 • Estimated year: 2024 • Forecast year: 2029 Aspects covered in this report • Electric Two-Wheeler market Outlook with its value and forecast along with its segments • Various drivers and challenges • On-going trends and developments • Top profiled companies • Strategic recommendation

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By Vehicle Type • Electric Motorcycle • Electric Scooter By Battery • Sealed Lead Acid (SLA) • Lithium-Ion By Motor Power • 48 V • 60 V • 72 V • Others By Usage • Commercial • Private The approach of the report: This report consists of a combined approach of primary and secondary research. Initially, secondary research was used to get an understanding of the market and list the companies that are present in it. The secondary research consists of third-party sources such as press releases, annual reports of companies, and government-generated reports and databases. After gathering the data from secondary sources, primary research was conducted by conducting telephone interviews with the leading players about how the market is functioning and then conducting trade calls with dealers and distributors of the market. Post this; we have started making primary calls to consumers by equally segmenting them in regional aspects, tier aspects, age group, and gender. Once we have primary data with us, we can start verifying the details obtained from secondary sources. Intended audience This report can be useful to industry consultants, manufacturers, suppliers, associations, and organizations related to the Electric Two-Wheeler industry, government bodies, and other stakeholders to align their market-centric strategies. In addition to marketing and presentations, it will also increase competitive knowledge about the industry.