Transparency Market Research has published a new report titled, “Electric Motorcycle and Scooter Market (Product: Scooter and Motorcycle; Battery Type: Seal Lead Acid and Lithium-ion; Technology: Plug-in and Battery) - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2019–2027.” According to the report, the electric motorcycle and scooter market is projected to surpass US$ 14.29 Bn by 2027, expanding at a CAGR of above 7.1 % during the forecast period.
According to the report, the electric motorcycle and scooter market is likely to be driven by a range of macroeconomic, technological, and industry-specific factors. Asia Pacific is expected to be at the forefront of global demand, with the market in the region expanding at a CAGR of more than 89% between 2019 and 2027.
Electric motorcycles and scooters are vehicles that run on electrical energy without utilizing fossil fuels. These types of vehicles are 100% eco-friendly and zero-emission vehicles, which are highly useful to counter the effects of fossil fuel-generated pollution.
Electric vehicles are vehicles of the future, and they are expected to curtail the amount of carbon emission released into the atmosphere as they produce low or zero carbon emission. Demand for electric vehicles is rising globally, while various governments are offering subsidies to owners or buyers of electric vehicles.
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Sakshi Mishra Joined: July 22nd, 2019 Articles Posted: 530
