Electric Two-Wheeler Market Projected to Grow with 11.55% CAGR and Reach 100 USD Billion by 2035 | Catalyst for Sustainable Urban Mobility | MRFR
May 23, 2025
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According to latest release by Market Research Future (MRFR), the Electric Two-Wheeler Market Size was estimated at 26.94 (USD Billion) in 2023. The electric two-wheeler market is expected to grow from 30.05 (USD Billion) in 2024 to 100 (USD Billion) by 2035. The Electric Two-Wheeler Market CAGR (growth rate) is expected to be around 11.55% during the forecast period (2025 - 2035).
The global electric two-wheeler market has emerged as one of the fastest-growing segments in the electric mobility revolution. With the rising demand for efficient, cost-effective, and eco-friendly transportation solutions, electric scooters, bikes, and mopeds are gaining popularity across urban and semi-urban regions. The shift toward electrification, supported by government incentives, high fuel prices, and increased environmental awareness, is propelling both consumer and fleet adoption worldwide.
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Market Drivers and Trends
The rise of electric two-wheelers is closely linked to urbanization, last-mile delivery demand, and the need for sustainable transport alternatives. Cities around the world are facing increasing pressure to reduce carbon emissions, alleviate traffic congestion, and improve air quality. Electric two-wheelers offer a compelling solution, particularly for densely populated cities where short-distance travel is the norm.
Several key trends are shaping the market:
Affordability and Low Running Costs: Electric two-wheelers offer significant savings in fuel and maintenance, making them attractive to cost-conscious consumers and businesses alike. As battery prices fall and economies of scale improve, upfront costs are also becoming competitive with traditional petrol-powered bikes.
Government Incentives and Regulations: Governments are actively promoting electric mobility through subsidies, tax benefits, and regulatory mandates. Many countries have announced plans to ban or phase out internal combustion engine (ICE) two-wheelers in favor of zero-emission alternatives. In India, for example, the FAME II scheme offers incentives for EV buyers and manufacturers.
Technological Advancements: Modern electric scooters are no longer limited in range or performance. With lithium-ion batteries, smart connectivity features, regenerative braking, and fast-charging options, today's e-bikes are designed to meet the expectations of both consumers and commercial users.
E-Commerce and Delivery Fleet Adoption: The rise of food delivery, courier, and e-commerce sectors is driving demand for electric two-wheelers as a sustainable and efficient fleet option. Companies like Swiggy, Zomato, and Amazon are increasingly electrifying their delivery networks to cut operational costs and meet ESG targets.
Micromobility Integration: Shared electric scooters and bikes have become integral parts of urban transport ecosystems. Cities are partnering with micromobility providers to offer affordable and clean transportation options for last-mile connectivity, further expanding market reach.
Regional Analysis
- Asia-Pacific: Dominates the global electric two-wheeler market, led by China, which alone accounts for over 60% of global sales. India is rapidly growing, with local players like Ola Electric, Ather Energy, and Hero Electric gaining traction. Southeast Asia is seeing increasing demand due to high fuel prices, traffic congestion, and favorable policies.
- Europe: Strong adoption in countries like Germany, France, Italy, and the Netherlands. EU policies promoting zero-emission zones and subsidies for clean mobility are fueling demand. Rising popularity of shared e-scooter programs in major cities like Paris, Berlin, and Madrid.
- North America: Slower adoption but growing interest, especially in urban areas of the S.and Canada. E-scooter sharing services such as Lime and Bird are expanding in major cities. Rising awareness of sustainable mobility and improvements in charging infrastructure are aiding growth.
- Latin America and Middle East: Early-stage markets with increasing government interest in electric mobility. Brazil and Mexico showing growth in e-motorcycle and delivery scooter segments. Potential for commercial adoption in delivery and fleet segments in the Middle East.
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Key Players and Competitive Insights
The Electric Two-Wheeler Market has witnessed remarkable growth driven by several factors, including increasing demand for eco-friendly transportation, advancements in battery technology, and supportive government policies promoting electric vehicles.
The competition within this sector is intensifying as numerous companies vie for market share by innovating their electric two-wheeler offerings. Companies are investing heavily in research and development to enhance the performance, range, and affordability of their electric scooters and motorcycles.
- Mahindra Electric
- Peugeot Motorcycles
- Zero Motorcycles
- Piaggio
- Bajaj Auto
- TVS Motor Company
- Ola Electric
- Niu Technologies
- SegwayNinebot
- BMW Motorrad
- Kawasaki Heavy Industries
- Yamaha Motor
- Ather Energy
- Gogoro
- Hero Electric
Recent Developments
Ola Electric announced a global EV expansion plan and began exports to key Asian and European markets.
Gogoro partnered with Hero MotoCorp to bring its battery-swapping model to India.
NIU Technologies launched new performance electric scooters with integrated smart features.
BMW unveiled its electric CE 04 scooter, aimed at urban commuters in Europe and North America.
Swiggy and Zomato pledged to shift their entire delivery fleets to electric two-wheelers by 2030.
These developments highlight growing confidence in electric mobility as a scalable and mainstream transport solution. Companies are not only focusing on product innovation but also on building ecosystems including service centers, battery swapping stations, financing options, and after-sales support.
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Future Scope and Opportunities
The future of the electric two-wheeler market looks promising, driven by rising urban populations, environmental mandates, and the global shift away from fossil fuels. Key opportunities include:
Fleet Electrification: Logistics, food delivery, and courier companies are increasingly electrifying fleets to lower costs and meet sustainability goals.
Rural Penetration: With advancements in battery range and infrastructure, electric two-wheelers are likely to expand into rural and peri-urban areas.
Battery-as-a-Service (BaaS): Subscription-based battery models and swapping stations will address range anxiety and reduce upfront costs.
Smart Urban Mobility: Integration with smart city systems, V2X (vehicle-to-everything) communication, and urban traffic analytics will improve efficiency.
Export Opportunities: Manufacturers in Asia, especially India and China, can expand to emerging markets in Africa, Latin America, and Southeast Asia.
Despite strong momentum, the industry faces several challenges:
Lack of widespread and standardized charging or swapping infrastructure in many regions can limit adoption. As EV adoption grows, managing battery waste and recycling becomes critical for long-term sustainability. Though lifetime costs are lower, the higher initial price of electric two-wheelers may deter budget-sensitive buyers. Misconceptions about range, performance, and durability continue to slow adoption in some regions. Changes in subsidy structures or lack of long-term clarity in EV policies can affect investor and consumer confidence.
The electric two-wheeler market stands at the forefront of the mobility transition, offering a practical and scalable solution for sustainable urban transport. With strong policy backing, rapid technological innovation, and growing consumer acceptance, the sector is set to transform how people move across cities and towns globally.
As governments, businesses, and consumers align around cleaner and smarter transportation, electric two-wheelers will play a pivotal role in shaping a greener and more connected mobility future.
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