𝑻𝒐 𝒓𝒆𝒄𝒆𝒊𝒗𝒆 𝒇𝒓𝒆𝒆 𝒔𝒂𝒎𝒑𝒍𝒆 𝒑𝒂𝒈𝒆𝒔 𝒐𝒇 𝒕𝒉𝒊𝒔 𝒓𝒆𝒑𝒐𝒓𝒕@ https://www.psmarketresearch.com/market-analysis/north-america-electric-scooters-and-motorcycles-market/report-sample?utm_source=OK&utm_medium=pramod The North American electric scooters and motorcycles market was valued at USD 620 million in 2022, and this number is expected to reach USD 2,348 million by 2030, advancing at a CAGR of 18.10% during 2022–2030, according to P&S Intelligence.
This development can be ascribed to supportive government initiatives, from both federal and state levels. To encourage the acceptance of electric vehicles, the government is offering tax rebates and subsidies on the purchase of EVs. In addition, non-monetary subsidies, including licensing benefits, also the provision of separate lanes are boosting the acceptance of battery-operated two-wheelers in the continent.
In 2022, the U.S. had the larger share of 83%, based on value in North American electric scooters and motorcycles market, mainly because of the rapid acceptance of electric vehicle technologies in the nation. The country's government is helping in the purchasing of EVs by offering incentives and rebates, to decrease CO2 releases from gasoline-based vehicles. Furthermore, the new trend of using kick scooters for last-mile connectivity in numerous towns has contributed to market growth.
In 2022, scooters and motorcycles with a less-than-5kWh battery capacity were reported for approximately 83% market share. This is mainly because of snowballing number of these scooters in the city, particularly kick scooters, as part of sharing services, in the continent. Such two-wheelers have a more compact battery pack than motorcycles, which makes the whole vehicle compact and easy to use.
Hence, in order to encourage the acceptance of electric vehicles, the government is offering tax rebates and subsidies on the purchase of EVs in the region, which eventually will drive the North American electric scooters and motorcycles industry in the future as well.
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