Multi-billion dollar market revealed for electric motorcycles

The new report by IDTechEx, Electric Motorcycles and Three Wheel Electric Vehicles 2015-2025 reveals a market value of over US$12 billion for electric motorcycles including e-scooters and maxi scooters in 2025 - a market nearly five times greater than that for e-bikes with pedals. The big stories this year are car-like MicroEVs, the first category to be aimed primarily at emerging nations, and electric motorcycles, including e-maxi scooters and three wheel motorcycles. Electric motor cycles and thre
August 15, 2014 Read time: 2 mins

The new report by 6582 IDTechEx, Electric Motorcycles and Three Wheel Electric Vehicles 2015-2025 reveals a market value of over US$12 billion for electric motorcycles including e-scooters and maxi scooters in 2025 - a market nearly five times greater than that for e-bikes with pedals.
 
The big stories this year are car-like MicroEVs, the first category to be aimed primarily at emerging nations, and electric motorcycles, including e-maxi scooters and three wheel motorcycles.
 
Electric motor cycles and three wheelers are smaller businesses in volume but are often capable of generating higher percentage profits. The same is true of those making components and systems. In the large sectors they find it hard to make a living in fast growing niches where small to medium sized businesses are able to prosper.
 
The report says Yamaha and BMW are entering this business in 2015. Harley Davidson is getting opinions on its prototype but it is small companies like leader Zero Motorcycles and Brammo that are landing most of the orders, demonstrating impressive innovation and going global with them. They are something of a one way bet because either a giant buys them in order to catch up or they do a Tesla and get big by organic growth. Then there are the Chinese innovating with impressive maxi-scooters and motorcycles ‘at one third of the price’. That grows the market rather than eliminates competition - look at what happened with conventional motorcycles.

For more information on companies in this article

Related Content

  • Crises demand digital ITS response
    February 1, 2021
    Digital transformation of transport hubs will be crucial in tackling present and future challenges, and Huawei’s current Shenzhen project highlights what can be achieved
    Read More
  • On a WIM – a global view of weigh in motion
    May 25, 2016
    Q-Free’s Andrew Lees looks at regional characteristics and technology trends in the global Weigh-In-Motion market. The principles of Weigh-In-Motion (WIM) are well established. Data derived from vehicles passing over in-ground sensors can be interpreted for vehicle classification (axle counts and spacing) and positive identification (especially when linked to image capture) applications as well as to derive individual axle and gross vehicle weight (GVW).
    Read More
  • Norway continues to lead global electric vehicle market
    September 23, 2016
    Norway continues to lead the global market for electric vehicles, according to the most recent plug-in electric vehicle (PEV) index from IHS Automotive, part of business information provider IHS Markit. Plug-in electric vehicles are defined as either a pure Battery Electric Vehicle (BEV) or a Plug-In Hybrid Vehicle (PHEV). Based on analysis of new vehicle registrations during the first quarter 2016, one out of every three vehicles registered in Norway during the quarter was a plug-in electric vehicle, r
    Read More
  • Bringing enforcement standards into line
    March 1, 2013
    Difficulties with the apparent accuracy of enforcement systems have been making the headlines in the United States over recent months. Jon Masters investigates the causes and possible cures. Online newspaper reports in the United States over recent months have painted a picture of the authorities struggling to keep on top of their speed and red light enforcement pro­grammes. Among a host of stories put out by the Washington Post and others on the subject of speed cameras during January, there were reports
    Read More

Highlighted Content