UK electric two-wheeler market is estimated to grow at a considerable CAGR during the forecast period. The increasing government initiatives and subsidies along with the need to control pollution is the key factor to propel the growth of the UK electric-two wheelers market. Under the framework of the Green Car Initiative started in November 2008, the European economic recovery plan had been presented. Under economic recovery plan, the European Commission will support a Europe-wide electromobility initiative, Green eMotion, worth $46.1 million, in partnership with 42 partners from industry, utilities, electric car manufacturers, municipalities, universities and technology, and research institutions. As per the action plan, the European Commission will make $26.7 million available to finance part of the initiative’s activities. This initiative is intended to exchange and develop know-how and experience in selected regions within Europe such as UK as well as facilitate the market roll-out of electric vehicles in Europe which in turn is expected to drive the UK electric two-wheeler market.
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Some of the major companies which are contributing to the growth of the European electric two-wheeler market include Hero Electric Vehicles Pvt. Ltd., Jiangsu Xinri E-Vehicle Co., Ltd, Mahindra & Mahindra Ltd., Tork Motors, Ujet S.A., and others. The market players are considerably contributing to the market growth by adopting various growth strategies such as new product innovations, mergers & acquisitions, joint ventures and so onto stay competitive in the market.
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- Market Coverage
- Market number available for – 2024-2030
- Base year- 2023
- Forecast period- 2024-2030
- Segment Covered- By Source, By Product Type, By Applications
- Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill
- , and others
Market Segmentation
UK Electric Two-Wheeler Market by Product Type
- Scooter
- Motorcycle
UK Electric Two-Wheeler Market by Battery Type
- NiMH
- Li-ion
- Others
Company Profiles
- AIMA Technology Co., Ltd
- Bajaj Auto Ltd.
- Electric Mobility Concepts GmbH
- Hero Electric Vehicles Pvt. Ltd.
- Jiangsu Xinri E-Vehicle Co., Ltd
- Mahindra& Mahindra Ltd.
- Tork Motors
- Ujet S.A.
- Yadea Group Holdings Ltd.
The Report Covers
- Comprehensive research methodology of the UK Electric Two-Wheeler market.
- This report also includes a detailed and extensive market overview with key analyst insights.
- An exhaustive analysis of macro and micro factors influencing the market guided by key recommendations.
- Analysis of regional regulations and other government policies impacting the UK Electric Two-Wheeler market.
- Insights about market determinants that are stimulating the UK Electric Two-Wheeler market.
- Detailed and extensive market segments with regional distribution of forecasted revenues.
- Extensive profiles and recent developments of market players.
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