The Real Global EV Buzz Comes on Two Wheels

The article discusses the potential for electric power to play an important role in the two-wheeler market. Currently, only a small percentage of two-wheelers are electrified, but many companies have recently entered the market. The article examines the electric-two-wheeler market in detail, assessing growth patterns, total cost of ownership (TCO), recent technology advantages, and consumer sentiment. With these insights, the article pinpoints the factors that can help OEMs and others succeed in the two-wheeler segment. The global two-wheeler market is projected to have a compound annual growth rate of 8.7 percent through 2029 when it will reach a value of about $218 billion.

Although relatively few two-wheelers are now electric, this could soon change. Worldwide, it is projected that 30 percent of two-wheelers will be electric by 2030. The low electrification rate of two-wheelers has major implications for climate change. As more countries attempt to achieve net-zero-emission targets and reduce pollution in cities, the move to electrify two-wheelers could become more urgent.