The electric scooters and motorcycles industry based in North America is projected to rise in the coming years. It is led by the rising traction of electric scooter-sharing fleets, government initiatives in the form of subsidies and tax credits for their adoption, and the low-maintenance electric scooters and motorcycles' nature.
Under the type segment, the electric kick scooter category captures a significant share of the North America-based motorcycles and electric scooters industry. It is led by low maintenance requirements, low prices, and user-friendly characteristics. It is projected to hold the largest industry share, in terms of volume, in the near future.
Electric scooters and motorcycles with Li-ion batteries capture a significant industry share, and it is projected to lead the industry in the coming years. The low cost of Li-ion batteries, and their benefits, such as lower weight, and longer life compared to lead-acid batteries boost the demand for batteries.
The U.S. holds the larger industry share, in terms of value, and it is projected to lead the industry in the coming years. It is ascribed to the increasing adoption of electric vehicles in the country, and government initiatives in the form of rebates and incentives to decrease the carbon emissions caused by fuel-based vehicles.
Presently, battery technology development is a major trend in the overall electric two-wheeler industry. The major efforts are to reduce the price and boost the battery's capacity to cater to the demand for a longer driving range.
In addition, electric scooters and motorcycle manufacturers are consistently focusing on procuring batteries with higher energy density and low cobalt reliability. As, it is an expensive raw material, its reduced usage results in high operational efficiency of batteries, and lower cost.
The government initiatives to offer significant support in the form of tax rebates, and initiatives to reduce greenhouse gas emissions fuel the sales of motorcycles and electric scooters in the region. The U.S. is the next largest GHG emitter, after China.
Numerous government authorities strongly focus on green transportation system adoption, and that does not contribute to the existing pollution problem aggravation.
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