The European electric two-wheeler market is projected to grow at a considerable CAGR during the forecast period (2019-2025). The key factors to propel the growth of the market include the increasing government initiatives and subsidies along with the need to control pollution. In 2019, in Luxembourg, subsidy up to $362 is available on the purchase of new electric bike and up to $604 is available on the purchase of motorcycle, moped, and light motorcycle. In Spain, up to $905 incentive is available for the motorcycle priced up to $12,073. Currently in Sweden 25% tax rebate is available on the purchase of electric bike. Thus, the initiatives are propelling the growth of the market in the region.
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Moreover, in 2019, different countries in Europe offered financial incentives. Some of the instances of incentives offered by different countries are as follows:
- France – $1,458 for the purchase of the electric bike.
- Austria – $607 for the purchase of electric two-wheeler.
- Brussels and Ghent – $486 for purchase of the electric bike.
- Netherlands – $1,215 for purchase of electric two-wheeler
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Market Coverage
- Market number available for – 2018-2025
- Base year- 2018
- Forecast period- 2019-2025
- Segment Covered- By Product Type and By Battery Type
- Region Covered- Europe
- Competitive Landscape- Hero Electric Vehicles Pvt. Ltd., Jiangsu Xinri E-Vehicle Co., Ltd, Mahindra & Mahindra Ltd., and Tork Motors, Ujet S.A.
Key Questions Addressed by the Report
- What is the market growth rate?
- Which segment dominates the market in the base year?
- Which segment will project the fastest growth in the market?
- How COVID-19 impacted the market?
- Who is the leader in the market?
- How players are addressing challenges to sustain growth?
- Where is the investment opportunity?
Europe Electric Two-Wheeler Market Report Segment
By Product Type
- Scooter
- Motorcycle
By Battery Type
- NiMH
- Li-ion
- Others
(This release has been published on OMR Industry Journal. OMR Industry Journal is not responsible for any content included in this release.)
