North America Electric Two Wheeler Market Share, Trends, Revenue, Growth Strategy, Challenges, Key Manufacturers and Future Competition Till 2033


North America Electric Two Wheeler Market Share, Trends, Revenue, Growth Strategy, Challenges, Key Manufacturers and Future Competition Till 2033: SPER Market Research

 Published: Feb-2024
 Author: SPER Analyst

North America Electric Two Wheeler Market is projected to be worth USD XX Billion by 2033 with a CAGR of XX%.

Electric two-wheelers operate on electricity rather than conventional internal combustion engines. They include a vast array of goods, such as electric scooters and bicycles, or e-bikes. These cars employ rechargeable batteries to store energy while being powered by electric motors. Electric two-wheelers are an environmentally friendly form of transportation that helps to lessen carbon footprints and address other environmental issues.

North America Electric Two Wheeler Market Driving Factors and Challenges
Consumer demand for electric two-wheelers is being driven by government measures in North America, including tax breaks and subsidies, as well as the creation of dedicated lanes for them during peak traffic. Regulations requiring a certain percentage of cars to be produced electric are also encouraging growth and requiring the construction of infrastructure for charging. Urbanisation is driving up demand because of more traffic since electric two-wheelers are a practical way to commute short distances. Growing shared mobility has resulted from rising living costs, with electric two-wheelers becoming more and more popular as a more affordable mode of transportation. Technological developments in batteries, including as longer range and faster charging periods, are reducing the total cost of vehicles and resolving customer concerns, which is driving uptake. These group initiatives are propelling the growth of electric two-wheelers in North America.

In North America, there are fewer incentives for the electric two-wheeler sector. Even though there are many incentives available for the electric vehicle industry overall, the country's electric two-wheeler market has gotten fewer incentives than other electric vehicle markets. As a result, the two-wheeler market's electrification is being slowed down by this skew in incentive distribution. Compared to internal combustion engine vehicles, electric vehicles have higher upfront expenses. Government subsidies for buying new cars don't make them a competitive alternative to cars with internal combustion engines, despite this. Furthermore, the development of battery technology is contributing to the rise in popularity of electric two-wheelers. As of right now, a lot of things need to be addressed, including battery life, range, and charging time. There are also certain advancements in battery disposal that require attention in order to maintain environmental sustainability.

Impact of COVID-19 on North America Electric Two Wheeler Market
Demand swings and supply chain interruptions were caused by the COVID-19 epidemic, which had a major effect on the electric two-wheeler market in North America. Since people were looking for other ways to distance themselves from others, the market saw a spike in demand even if the initial lockdown measures had a negative impact on sales because of lower consumer spending and logistical difficulties. In addition, the increasing focus on environmental issues and sustainability has sped up the adoption of electric vehicles, which has helped the area gradually recover and creates opportunities for long-term growth.

North America Electric Two Wheeler Market Key Players:
The market study provides market data by competitive landscape, revenue analysis, market segments and detailed analysis of key market players such as; BMW North America LLC, CSC Motorcycles, ENERGICA MOTOR COMPANY INC., Harley Davidson Inc., Lightning Motorcycle Corp., Niu International, Torrot Electric Europe S.A., Yamaha Motor Co. Ltd., Yadea Group Holdings Ltd., Zero Motorcycles Inc., Others.

North America Electric Two Wheeler Market Segmentation:

By Vehicle Type: Based on the Vehicle Type, North America Electric Two Wheeler Market is segmented as; Motorcycle, Scooter/Moped.

By Battery Type: Based on the Battery Type, North America Electric Two Wheeler Market is segmented as; Lead Acid, Li-ion.

By Battery Capacity: Based on the Battery Capacity, North America Electric Two Wheeler Market is segmented as; 25Ah, >25Ah.

By Range: Based on the Range, North America Electric Two Wheeler Market is segmented as; Less than 100 Km, 100 Km -150 km, Above 150 Km.

By Region: This research also includes data for Canada, Mexico, United States.

This study also encompasses various drivers and restraining factors of this market for the forecast period. Various growth opportunities are also discussed in the report.

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