premium electric motorcycle market Regional Trends,
Growth & Forecast to 2026

Soaring concern pertaining to carbon emission has bolstered
premium electric motorcycle market share as auto sector witnesses an influx of
premium electric motorcycle manufacturers. Leading companies sharpening their
strategies for premium bikes have been attributed to premium motorcycles’
features such as maximum torque, improved speed, highest travelling range and
aesthetic appeal.

The advent of lithium-ion (Li-ion) is said to have redefined
premium electric motorcycle market trend. Palpable traction towards Li-ion
batteries comes in the wake of innate characteristics of the batteries to
bolster the overall performance of the vehicles by reducing maintenance
requirements and ameliorating range.

Inevitable inclination towards sports electric motorcycles
has instilled confidence among manufacturers of premium electric motorcycles.
Apparently, industry players are providing electric sport motorcycles having
the acceleration of up to 0-100km/h in 3.2 seconds with a maximum speed of up
to 200 km/h. Moreover, notable uptick in the number of racing events has come
in the wake of maximum efficiency and higher speed attributed to sports
electric motorcycles.

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10-15 kWh battery capacity will be highly sought-after for
urban use as premium electric motorcycles tend to have lower battery capacities
along with lower range offerings. In a bid to enable riders to replace the
batteries any time keeping the hassle of recharging the previous batteries
instantly at bay, prominent companies are integrating swappable batteries into
low capacity batteries.

North America premium electric motorcycle share will witness
an uptick against the backdrop of robust government initiatives to reduce
pollution. For instance, the U.S. government is emphasizing deployment of a
large number of charging stations to augment the production of electric
motorcycles in the country. Moreover, increase in discretionary income is said
to augur well for the expansion of North America premium electric motorcycle
market size.

Governments and leading companies appear to boost premium
electric motorcycle industry share with the former doling out subsidy to propel
the expansion of EVs. Governments have been providing income tax deduction on
interest paid on loans and exempting tax on the purchase of EVs. In a landmark
move to change consumer behavior favoring EVs, the Government of India slashed
GST rate on electric vehicles to 5% from 12% effective from August 1st, 2019.

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Niti Aayog, Government of India’s think tank, contemplates
transition for motorcycle less than 150 cc to e-mobility by 2025. As such, APAC
premium electric motorcycle market size will continue to thrive in the next
half a decade.

Electric motorcycle makers are upping their strategies for
premium bikes as they place emphasis on offering technologically sophisticated
products to spur rider’s experience. Some of the state-of-the-art technologies
include AI, fast charging and battery management systems.  Some of the prominent companies profiled in
the report are KTM Sportmotorcycle GmbH, Harley Davidson, Evoke Motorcycles,
Arc Vehicle Ltd, Zero Motorcycles, and Hadin Motorcycles, Emflux Motors and
Lightening Motorcycles, among several others.

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