- Electric Motorcycles offer a sustainable, cost-effective alternative to internal combustion engine (ICE) bikes, with lower maintenance costs, zero tailpipe emissions, and quiet operation, making them an ideal solution for urban transportation
- The rising demand for clean mobility, coupled with government subsidies, tax rebates, and EV-friendly policies, is a key growth driver in both developed and developing nations
- In addition, younger demographics are increasingly preferring electric motorcycles due to their tech integration, stylish designs, and smart features such as GPS tracking, regenerative braking, and mobile app connectivity, further boosting market demand
- Asia-Pacific dominated the electric motorcycle market with the largest revenue share of 81.3% in 2024, driven by rising environmental concerns, increasing fuel prices, and strong government support for electric mobility across countries such as China, India, and Japan
- North America electric motorcycle market is projected to register the fastest CAGR of 27.2% from 2025 to 2032, driven by increased environmental awareness, rising gas prices, and a growing consumer shift toward sustainable and tech-enabled transportation
- The hub motor segment dominated the electric motorcycle market with the largest revenue share of 47.8% in 2024, owing to its compact design, low maintenance requirements, and high energy efficiency
