Electric Scooter Market : Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2020-2027

 

Electric scooters are plug-in electric vehicles that are propelled by either an internal combustion engine alone or in conjunction with an electric battery. Additionally, due to their fuel efficiency and lower greenhouse gas emissions, electric scooters are preferred over ordinary scooters.

By 2027, it is anticipated that the market for Electric Scooter Market would be worth US$35.07 billion. The market expansion is mostly owing to the reduced environmental effect of electric scooters. Conventional gasoline-powered scooters release dangerous gases including carbon dioxide, carbon monoxide, and benzene, which are mostly to blame for life-threatening conditions like cancer and heart disease.

For instance, the United States Environmental Protection Agency estimates that 10,180 grammes are released when a gallon of diesel is burned. In addition, it releases nitrous oxide and methane, both of which contribute to global warming. Electric scooters, on the other hand, are more effective than regular scooters. In addition, an electric scooter generates about 250 grammes of pollutants for every kilometre it travels, which is predicted to increase the use of electric scooters during the projection period.

The development of the Electric Scooter Market is anticipated to be hampered by inadequate charging infrastructure in many nations. Many developed nations, including the U.S., Canada, and many European nations, have taken the initiative to build charging stations in public locations like restaurants, movie theatres, and grocery stores.

Because e-scooters might increase the distance over which commuting is reasonable, opening up more homes for those who need it. And from a less lofty viewpoint, it's impossible to dispute that they're a tonne of fun to ride. Despite the legal status, you can attempt scooting on your own.

Electric Scooter Market are a very economical form of transportation. Your electric scooter will pay for itself in 4-6 months in industrialized nations and in around a year and a half internationally on average thanks to fuel and transportation cost savings. Depending on where you live, you'll save anywhere from $400 to $1200 year.

Key Players

Ampere Vehicles Pvt. Ltd, BMW Motorrad, ECCITY Motocycles, GenZe, Gogoro Inc., GOVECS GmbH, Hero Eco (Hero Electric), Honda Motor Co. Ltd., Jiangsu Xinri E-Vehicle Co., Ltd., Kumpan Electric, Piaggio & C. SpA, Sanyang Motor Co. Ltd., Silence Urban Ecomobility, and Sanyang Motor Co.