STEADY GROWTH FOR PLUG-IN BIKES

Electric Motorcycles and Scooters; Electric Power Two-Wheelers: Market Drivers and Barriers, Technology Issues, Key Industry Players, and Global Demand Forecasts

2Q 2014 (Navigant Research)

“…[T]he power two-wheeler (PTW) vehicle industry, which includes electric motorcycles (e-motorcycles) and electric scooters (e-scooters), has been growing slowly...[and] sales volumes are likely to be low…[The market] is led by China…[but] policies and demand] indicate reduced sales in that country…[In other countries, consumers] are seeking refuge from higher gasoline prices…Overall, though, the market for e-PTWs continues to face numerous challenges, including high costs, limited vehicle availability, poor product performance, and a financial shakedown. Navigant Research forecasts that global annual sales of e-motorcycles will grow from 1.2 million vehicles in 2014 to 1.4 million in 2023, while sales of e-scooters will grow from 4.1 million to 4.6 million…” click here for more

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