Electric ScooterMarket Business Overview and Forecast Research Electric Scooter Market Business Overview, Growth | Page 2

Electric scooters are powered by rechargeable batteries which has the same
functioning as the conventional scooters, but runs on an electric motor. Electric
scooter can be either two wheeler of three wheeler, which provides an enhanced
driveway efficiency and reductions in emissions. In developing economies, the sale
of two wheeler vehicle is high due to its low cost and convenience in the small streets,
to beat the long end traffics and easy operability. The growing usage of electric
vehicles is due rise in awareness towards environment, rising demand for conservation
on fuel consumption, and reduction in gas emission along with other factors. However
one of the major concerns such as slow recharging time of the battery and longevity
of the battery as to how much distance could be cover by a fully charged battery are
some of the major restraining factors for the growth of electric scooters market into
the modern world. For instance, to tackle with the battery problems companies such
as Ciba, in 2016 had come up with a control system that controls the speed of the
electrically powered scooter and also delivers data or information on the remaining or
residual power of the battery system by observing its power consumption. This system
helps the customers to run out of power in unforeseen situations and strategically adapt
or change its ride distances.Electric scooters are one of the major breakthroughs for
conservation of environment and CO2 emissions. Electric scooters are also cleaner
than gasoline driven scooters counterparts. Gasoline driven scooters emit around twice
more CO2, carbon monoxide, nitrogen oxides and other volatile organic compounds.
In 2016, a Japanese company, Power Japan Plus had announced the development of a
new carbon battery, under the production name of Ryden, which has a 20 times faster
charging capacity than the conventional Li-ion cells, coupled with its other benefits
such as low cost, eco-friendly and is safer to use. Owing to these factors the electric
scooter market is expected to have high traction during the forecast period.
Stringent Regulations towards Pollution control
The growing demand for electric scooters is due to rising demand for fuel efficient
vehicles and pollution awareness which has resulted in shifting towards various
alternatives such as bio-based fuel and electric scooters and cars among others.
Transportation and automotive sector is expected to have a key share in the global
energy consumption market, due to growing consumption of CO2 emission. Thus, the
government’s initiatives with stringent rules and regulations towards reduction in
carbon footprint and enhancement of fuel efficiency, is one of the major factors to
propel the growth of electric scooter market. For instance, European Union (EU) has
set emissions standards such as the standard CO2 emission for passenger two wheelers
and cars are 95 and 130 grams/km respectively. However, a target of 80 and 95