Electric motorcycles (e-motorcycles) have struggled to catch on as quickly as other electric two-wheel vehicles (E2WVs), largely due to the extensive range requirements of consumers. However, the technology holds strong potential over the next 10 years due to increasingly stringent emissions standards, e-motorcycle purchase incentives, and the establishment of low and zero emission zones. Cost decreases and improvements in lithium ion (Li-ion) battery technology is also expected to result in lower cost and higher performing products, while major manufacturers are poised to assume much larger roles in e-motorcycle product and technology development over the coming decade. Battery swapping and fleet electrification offer opportunities for accelerated growth of the e-motorcycle industry.

Although China currently dominates the e-motorcycle market, accounting for 90% of e-motorcycle unit sales in 2021, this figure is expected to reduce to 42% by 2030 as sales in other countries grow far more quickly. Most of the new growth in the e-motorcycle market is expected to come from India, the Rest of Asia Pacific (i.e., Vietnam, Thailand, and Indonesia), and Europe. According to Guidehouse Insights, global annual unit sales of e-motorcycles are expected to grow from nearly 1.1 million in 2021 to 3.6 million by 2030, at a 14.4% compound annual growth rate (CAGR).

This Guidehouse Insights report analyzes the global market for e-motorcycles. The study provides a detailed analysis of the market opportunities, key drivers and barriers of growth, and technology trends associated with e-motorcycles. Forecasts are provided for gas-powered motorcycle sales and e-motorcycle unit sales (segmented by peak motor power level), market share of the total motorcycle market, revenue potential, and average transaction prices. Guidehouse Insights also provides estimates for e-motorcycle manufacturer market share in North America and Europe.