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

  • Conscience versus convenience
    June 8, 2015
    David Crawford looks at new ways forward for public transport. By 2025, nearly 60% of the world’s population will be living in towns and cities, increasing their extent and density, and the journeys that people make within and between them. In response, the International Association of Public Transport (UITP) wants to see public transport’s global modal share doubling (PTx2) by the same date. “Success in 2025,” a spokesperson told ITS International, “will save 170 million tonnes of oil equivalent and 550
    Read More
  • Tennessee ranks ninth in electric vehicle purchases
    November 7, 2012
    According to online automotive information resource Edmunds.com, Tennessee residents rank among the US's top consumers of electric vehicles, with 2.9 per cent of all new electric vehicles sold so far this year registered in the state. "This rate is more than one and a half times the state’s share of all new car registrations in the US, where Tennessee ranks 19th overall at 1.7 per cent," Edmunds officials said. Edmunds found that much of the state's enthusiasm is because of the Nissan Leaf; 93 percent of al
    Read More
  • Variable message signs continue to deliver travel information
    February 2, 2012
    Arguably the 'face' of ITS, variable message signs are far from being a passing solution
    Read More
  • Changing perceptions and going green with ITS
    May 26, 2022
    Entrants to the ITS (UK) Essay Award were asked to write about innovative application of ITS solutions to achieve decarbonisation goals. First-year apprentice Leora Wilson, who studies at Leeds College of Building as part of her apprenticeship with Mott MacDonald, won the competition with this entry…
    Read More

Highlighted Content