Italy Electric Scooter and Motorcycle Market To Hit $707.1 million by 2035

In 2021, the Italy electric scooter and motorcycle market had revenues of $26.7 million, which will hit $707.1 million value by 2035, with an almost 30.5% CAGR from 2021 to 2025 and a further 24.4% from 2026 to 2035. Electric scooters and motorcycles with top speeds of more than 80 km/h are anticipated to have the market's fastest growth, with a CAGR of over 35% from 2026 to 2035.

A huge population of racing aficionados is another factor driving the need for sports motorcycles in the Italy electric scooter and bike market. Additionally, it is anticipated that these two-wheelers' improved long-term worth and performance would increase their total sales in the upcoming years.

Italy Electric Scooter and Motorcycle Market Report 2022-30

One of the key reasons influencing the Italy electric bike and scooter market is the significant increase in the price of gasoline products. Traditional two-wheelers are more inefficient and more expensive to run than electric ones. Electronic systems surpass mechanical ones in terms of effectiveness and longevity because there is less wear and friction.

Italy decreased its pollution by 19.4% between 1990 and 2019. Its aims and attempts to reduce emissions are intrinsically connected to the recommendations and policies of the EU. The EU recently created a new agreement on the European Climate Law to exceed the prior goal of a 40 percent reduction set forth under the auspices of the Paris Agreement by lowering pollution by at least 55% by 2030 as compared to 1990 levels.

As a result, Italy has set a new emission reduction goal of 33% below 2005 levels for 2030 under the ESR. These actions will undoubtedly contribute to increasing the Italy electric scooter and motorcycle industry potential for growth in Italy.

Hence, the demand for electric scooters and motorcycles in Italy will grow more due to the rising concerns over greenhouse gas emissions and the existence of a large count of racing enthusiasts.