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Electric Scooter and Two-wheeler Market Worth $644.5 Billion by 2028
Electric scooters and two-wheelers are used for short-distance commuting within cities and towns and courier and e-commerce delivery applications. These vehicles have a smaller battery pack and a driving range of less than 100KM per charge. These vehicles are lightweight, more efficient than conventional bikes, and can maneuver easily through congested streets. They serve the limited purpose of short-distance commuting.Growth of this market is backed by the increasing adoption of electric two-wheelers and e-bikes for short commutes, rising environmental concerns, and increasing investments by ride-hailing companies in the micromobility space. Moreover, rising health awareness among millennials, increasing efforts by OEMs to produce lightweight bikes, and increasing trend towards connected e-Bikes provide significant opportunities in this market.
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