466 Million Two-Wheeler EVs To Be Sold Worldwide By 2016: Pike Research

Published: 16-Feb-2010

More than 466 million e-bikes, e-motorcycles, and e-scooters will be sold worldwide during the period from 2010 to 2016, according to a new report from Pike Research.

Dave Hurst, industry analyst, said: ''Demographics and economics are aligning to create a strong market opportunity for two-wheel electric vehicle. In some countries, these vehicles will be engines of economic growth, while in others they will be signals of broader consumer behavioral shifts.”

Mr Hurst adds that Asia Pacific in general, and China in particular, will dominate the global electric two-wheel vehicle market, representing more than 95% of sales during the next six years. He expects that e-bikes will the largest category with 56% of the market, followed by e-motorcycles at 43% and e-scooters in a distant third place with less than 1%.

According to Pike Research’s analysis, one of the most important market barriers is the lack of established distribution channels for the vehicles. Many manufacturers are working to find a combination of independent dealers, mass retailers, and online sales that will effectively deliver the vehicles and after-sales service to customers.

Pike Research‘s study, 'Electric Two-Wheel Vehicles', analyzes the global market for electric bicycles, motorcycles, and scooters. The report examines battery technologies, key opportunities and barriers, and drivers of market development. Detailed forecasts through 2016 are included for each vehicle category, along with profiles of key market players.

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