The global electric two-wheeler market was valued at US$ 43.2 Billion in 2024 and is projected to reach US$ 154.3 Billion by 2035, expanding at a robust CAGR of 12.3% from 2025 to 2035. This strong growth trajectory is primarily driven by increasing consumer awareness toward sustainable transportation and continuous advancements in electric two-wheeler technology and product innovation.

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Key Market Growth Drivers

Increasing Consumer Awareness Toward Sustainable Transportation

Growing awareness of environmental pollution and climate change caused by internal combustion engine vehicles has significantly boosted demand for electric two-wheelers. Consumers increasingly recognize the benefits of zero-emission transportation, reduced noise pollution, and higher energy efficiency offered by electric vehicles.

Urban centers facing rising air pollution levels are actively encouraging the adoption of electric mobility solutions. As sustainability becomes a priority for both individuals and governments, electric two-wheelers are gaining strong acceptance as practical, eco-friendly alternatives to petrol motorcycles and scooters.

In April 2025, Revolt Motors highlighted that electric two-wheelers contribute to sustainability through reduced emissions, lower noise pollution, and decreased carbon footprints across their operational lifecycle. Such industry communication reinforces consumer confidence and accelerates adoption, particularly in emerging economies.

Advancements in Electric Two-Wheeler Technology and Product Innovation

Technological innovation plays a central role in the rapid expansion of the electric two-wheeler market. Manufacturers are investing heavily in improving battery range, charging efficiency, motor performance, lightweight materials, and smart connectivity features.

Advancements in lithium-ion battery technology, fast-charging systems, removable battery solutions, and connected vehicle platforms have helped address key consumer concerns related to range anxiety and charging convenience. Smart features such as IoT-enabled diagnostics, ride analytics, navigation, and digital service integration further enhance user experience.

In November 2024, Honda Motor introduced new electric two-wheeler concept models and advanced electrification technologies, signaling its commitment to expanding its electric vehicle portfolio. Such innovations are narrowing the performance gap between electric and petrol-powered two-wheelers, supporting wider market penetration.

Analysis of Key Players

The electric two-wheeler market is highly competitive, with leading players focusing on product differentiation, cost optimization, and technological leadership. Major companies are expanding their electric portfolios, strengthening local manufacturing capabilities, and forming partnerships with charging infrastructure providers.

Key Players

• Yadea Technology Group Co., Ltd.
• Hero MotoCorp Ltd.
• Ola Electric Mobility Ltd.
• Ather Energy
• TVS Motor Company
• Niu International
• Honda Motor Co., Ltd.
• Gogoro
• YAMAHA Motor Pvt. Ltd.
• Bajaj Auto Ltd.
• Suzuki Motorcycle India
• Revolt Intellicorp Private Limited
• KYMCO
• HARLEY-DAVIDSON
• Zero Motorcycles, Inc.
• Other Prominent Players

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Market Segmentations

Vehicle Type

• Electric Scooters
• Electric Motorcycles
• Electric Bikes
• Others

Battery Type

• Lead-Acid Battery
• Lithium-Ion Battery
• Nickel Metal Hydride Batteries
• Solid State Batteries
• Other

Technology

• Plug-in Electric
• Battery

Power Output

• Low Power (3 kW)

Voltage

• 36V
• 48V
• 60V
• 72V Above

Application

• Personal Mobility
• Commercial Use
• Rental Service
• Sports
• Others

Regional Outlook

Asia Pacific - Leading Region

The Asia Pacific region dominated the global electric two-wheeler market with an 82.2% revenue share in 2024. Rapid urbanization, high two-wheeler penetration, rising fuel prices, and supportive government policies promoting electric mobility drive regional growth.

Countries such as China, India, and Southeast Asian nations are witnessing strong demand for electric two-wheelers, supported by expanding EV infrastructure, domestic manufacturing capabilities, and battery supply chain development. The region's cost-effective production ecosystem and large consumer base position Asia Pacific as both the largest and fastest-growing market globally.

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