US electric two wheeler Market Forecast Report 2020 – 2027 – Top Key Players Analysis

US electric two wheeler Market Insights:

The market report analyses the market while considering various aspects of the market such as market size, market status, market trends, and forecast. The report also offers brief information on the competitors and specific growth opportunities while covering the key drivers of the market. The report has been categorized based on the different segments, including vehicle type, battery type, technology type, distance covered, and voltage type.

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US Electric Two-Wheeler Market drivers:

The US Electric Two-Wheeler Market is experiencing an upsurge in demand over the forecast period. This is mainly due to several government initiatives and policies are increasing the adoption of electric vehicles and the rising demand for electric two-wheelers nationwide. Moreover, growing pollution leads to an increase in the awareness among the population to decrease greenhouse gas emissions, coupled with a rise in the need to meet the climate obligations and enhance the demand for electric two-wheelers in the market. Furthermore, an upsurge in the technological advancements for the manufacturing of advanced electric two-wheelers to provide numerous features, such as implementing autonomous driving features, is creating new growth opportunities in the market. The reduction in the prices of lithium-ion batteries and advancement in the battery technology offerings has raised driving range and battery life, which in turn, is attracting a large number of customer base into the market. On the other hand, the high cost of these vehicles is a major factor that is hampering the growth of the market.

For example, The US federal government has launched a tax credit for plug-in electric vehicles, which were purchased after 31st Dec 2009. The tax credit provided by the government range from USD 2,500 to USD 7,500 for every vehicle based on battery capacity and gross vehicle weight rating.

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US Electric Two-Wheeler Market Segmentation:

According to the report published by GMI Research, titled “US Electric Two-Wheeler Market,” the industry is predicted to witness the highest CAGR during the forecast period. The segmentation of the market is as follows:

By Vehicle Type:

E-Scooter/Moped
E-Motorcycle

By Battery Type:

Sealed Lead Acid
Lithium-Ion

By Technology Type:

Plug-In
Battery

By Distance Covered:

Below 75 Miles
75-100 Miles
Above 100 Miles

By Voltage Type:

About GMI Research

GMI Research is a market research and consulting company that offers business sights and market research reports for every enterprise, be it small and medium enterprises or large organization. Our research team helps the clients to understand the importance and impact of the market dynamics. We have a team of industry experts that provides unbiased insights on reports to best meet the specific needs of our clients. GMI Research’s analysts rely on secondary research to lay down the foundation of every report. We use both internal and external databases to cull out relevant information of the industry. Our main aim is to keep our clients abridged of the emerging opportunities and challenges in a wide range of industries. We provide step-by-step assistance to our client, through strategic and consulting services to reach a managerial and actionable decision. Featured in the ‘Top 20 Most Promising Market Research Consultants’ list of Silicon India Magazine in 2018, we at GMI Research are always looking forward to helping businesses stay ahead of the curve.

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