The North America Electric Scooters Market would witness market growth of 8.3% CAGR during the forecast period (2023-2030).In the year 2019, the North America market's volume surged to 1,344.0 thousand units, showcasing a growth of 7% (2019-2022).
In recent years, the growing interest in renewable energy stations and modern technologies like vehicle-to-grid and smart charging have decreased the charging issues of electric vehicle, which further aids in their increased adoption. Governments have also developed several policies to promote the use of e-scooters in the sector. Government subsidies provide a range of advantages to both consumers and manufacturers. For instance, the Corporate Average Fuel Economy (CAFÉ) standards in the United States are promoting the adoption of energy-efficient automobiles by establishing rules to improve the use of alternative fuel vehicles and lower the consumption of fossil fuels.
Similarly, the Canadian government is formulating a plan to lower GHG emissions while increasing the number of zero-emission vehicles. Furthermore, the demand for battery-powered two-wheelers has increased due to the growing use of scooter-sharing services.
An electric motor serves as the source of propulsion for an e-scooter. Traditional scooters depend on fuel or petroleum, whereas electric scooters do not have this requirement. E-scooters connect the motor and the battery, and the battery may be charged by plugging the scooter into either an electrical outlet or a charging station. The charged battery generates the forward motion of the two-wheeler. These scooters are battery-powered, easy to operate, and environmentally friendly.
Transportation accounts for roughly 30% of total U.S. energy and 70% of U.S. petroleum. Utilizing more energy-efficient automobiles, such as hybrid and electric models, promotes the American economy and broadens the U.S. transportation fleet. Additionally, the cost of battery packs has decreased by about 85% in the last ten years, reaching $143/kWh in 2020. This is due to significant improvements in battery energy storage technologies. The demand for hybrid and electric vehicles has grown due to these considerations. As a result of this surging demand for EVs & hybrid vehicles in the North America region, the market is predicted to witness significant growth.
The US market dominated the North America Electric Scooters Market by Country in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $6.2 billion by 2030. The Canada market is anticipated to grow at a CAGR of 10.7% during (2023 - 2030). Additionally, The Mexico market would exhibit a CAGR of 9.7% during (2023 - 2030).
Based on Battery, the market is segmented into Li-ion, Lead Acid, and Others. Based on End-use, the market is segmented into Personal Use, and Commercial Use. Based on Drive Type, the market is segmented into Hub Motor, Belt Drive, and Chain Drive. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.
Free Valuable Insights: The Worldwide Electric Scooters Market is Projected to reach USD 59.5 Billion by 2030, at a CAGR of 9.2%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Gogoro, Inc., Honda Motor Co. Ltd., Jiangsu Xinri E-Vehicle Co., Ltd., AllCell Technologies LLC (BEAM Global), BMW Group (BMW Motorrad), Boxx Technologies LLC, Kinetic Green Energy & Power Solutions Ltd., Greenwit Technologies, Inc., KTM AG (PIERER Mobility AG), and Mahindra & Mahindra Limited (Mahindra Group)
By Battery (Volume, Thousand Units, USD Million, 2019-2030)
By End-use (Volume, Thousand Units, USD Million, 2019-2030)
By Drive Type (Volume, Thousand Units, USD Million, 2019-2030)
By Country (Volume, Thousand Units, USD Million, 2019-2030)
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