Global US Electric Two-Wheeler Market
The GMI Research forecasts that the US Electric Two-Wheeler Market is witnessing an upsurge in demand over the forecast period. This is mainly due to their lightweight and the ability to maneuver easily through congested streets.
Introduction of the US Electric Two-Wheeler Market:
An electric vehicle operates on an electric motor instead of an internal combustion engine and is considered a possible substitute for the currently present automobiles. It uses the electricity stored in a rechargeable battery to drive the electric motor present in the vehicles, which helps in propulsion.
US Electric Two-Wheeler Market Dynamics (including market size, share, trends, forecast, growth, forecast, and industry analysis)
Several factors stimulating the growth of the US Electric Two-Wheeler Market include the augmenting consciousness to decrease the greenhouse emissions led by the increasing pollution, strategic government initiatives, and policies to promote the adoption of electric vehicles along with an extension in demand to meet the climate obligations. In addition, the ongoing technological improvements for the production of sophistic electric two-wheelers to proffer several features including the integration of autonomous driving features, further strengthens the market size. The reduction in the prices of lithium-ion batteries and modernization in the offering of battery technology has raised the driving range and battery life, which is attracting new customer base into the market. However, the high cost of these vehicles will hinder market growth. For example, The US federal government initiated a tax credit for the plug-in electric vehicles, which were purchased after 31st Dec 2009. The tax credit proffered by the government range from USD 2,500 to USD 7,500 for every vehicle based on battery capacity and gross vehicle weight rating.
US Electric Two-Wheeler Market Segmentation:
Segmentation by Vehicle Type
- E-Scooter/Moped
- E-Motorcycle
Segmentation by Battery Type
- Sealed Lead Acid
- Lithium-Ion
Segmentation by Technology Type
- Plug-In
- Battery
Segmentation by Distance Covered
- Below 75 Miles
- 75-100 Miles
- Above 100 Miles
Segmentation by Voltage Type
- 36V
- 48V
- 60V
- 72V
About GMI Research
GMI Research is a market research and consulting company that offers business sights and market research reports for every enterprise, including small & medium enterprises and large organizations. Our research team helps the clients to understand the impact of market dynamics such as market size, share, drivers, growth opportunities, and other aspects. We have a team of analysts and industry experts who conduct market intelligence studies to ensure relevant and fact-based research across a wide range of sectors such as FMCG, Technology, Energy, Healthcare, and other industries. We collect relevant information about the industry using both internal and external databases. Our main focus is to keep our clients abridged of the emerging opportunities and challenges in a wide range of industries. We provide step-by-step assistance to our client through strategic and consulting services to reach a managerial and actionable decision. Featured in the ‘Top 20 Most Promising Market Research Consultants’ list of Silicon India Magazine in 2018, we at GMI Research are always looking forward to helping businesses stay ahead of the curve.
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