The Europe-based electric scooters and motorcycles industry is projected to rise in the coming years. It is led by rising traffic concerns in European countries, and government initiatives to curb GHG emissions and encourage the adoption of electric vehicles.
Under the product, the scooter category is projected to boost the electric scooters and motorcycles industry in Europe in the near future. These electric vehicles are easy to ride, lightweight, practical, and faster than cars in several cases, including congested traffic.
Moreover, the electric scooters cost is lesser than the cost of electric motorcycles, and cars.
Under the power segment, electric scooters and motorcycles with a motor power capacity of 1.5-5 kW lead the industry. It is projected to follow the same trend in the coming years.
Under the voltage segment, the 72 V battery category is projected to experience the fastest growth in the near future. It is ascribed to rising consumer inclination toward 72-V batteries with an increasing preference for high-speed vehicles.
Under the cooling systems segment, electric motorcycles and scooters with natural convection cooling systems are projected to capture the largest industry share, in the coming years.
Under the maximum speed segment, the >80km/h category is projected to experience the fastest growth in the electric scooters and motorcycles industry in the coming years, ascribed to the rising traction of high-speed vehicles in regional countries due to a decrease in travel time during office hours.
Motorcycles and electric scooters with more than 4 hours capture the largest industry share, in terms of volume and value. In addition, it is projected to experience the fastest growth in the coming years, in terms of value. It is ascribed to their rising demand due to shorter charging time.
Electric scooters and motorcycles with more than 2kW battery capacity capture the massive industry share. In the coming years, electric scooters and motorcycles with 2 to 2.5 kWh battery capacity are projected to experience the fastest growth, in terms of volume in the near future.
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