Automotive and Transportation North America Electric Scooters and Motorcycles | Page 3

North America Electric Scooters and Motorcycles Market
High purchase cost of the vehicle is a major restraining factor in the market
The main reason for causing hinderance in the growth of the North American electric scooters and motorcycles
market is the excessive cost of the product. Electric motorcycles purchase price start at around $10,000 and
increase steeply from there. Energica Motor Company S.p.A. offers its electric motorcycles ranging from $20,900
to $22,600. Also, electric motorcycle model LS-218, which has variants depending on battery capacity, costs
around $38,890. High cost of battery, which accounts for around 50% of the vehicle cost, is the major factor that
makes these vehicles expensive.
The U.S. stands as larger market for electric scooters and motorcycles in North America
The U.S. was larger market for these vehicles, in terms of volume, contributing close to 85% share to the North
American electric scooters and motorcycles market in 2018. Factors driving the growth of the market in the U.S.
are faster adoption of electric vehicles (EVs) in the country, support by the government in form of financial and
non-financial incentives for the procurement of these vehicles, and high commuter base.
P&S Intelligence