Worldwide Electric Powered Two Wheel Market

Electric Powered Two Wheeler (EPTW) market has exploded the past decade. The EPTW is mainly an electric bike today but new electric scooters are entering the market as well and will add to the EPTW product mix. China is the dominant user and producer of electric bikes, with 150 million in use, and powerful electric scooters are beginning to appear there. Europe is the second biggest user of electric bikes with over a million sold each year. North American market is tiny in comparison but there is evidence that is to change. The breaking news is that nations in other continents are beginning to explore and are starting to put EBs and ESs into the market. This bodes well that the EPTW will have a respected place in the mix of local transportation that will be affordable and sustainable. EPTW sales will eventually exceed four wheel vehicle sales worldwide. That will be a permanent shift. New versions of the EPTW, like the General Motors/Segway Electric-Network Vehicle, will appear that will enlarge product choice and increase usage. Annual EPTW sales are projected to be 130 million by 2025 and 800 million by 2100. Four Wheel EVs annual sales are projected to grow to 2.5 million by 2025 and 100 million by 2100.