Demand for electric scooters increases due to surge in purchasing power of consumers

Automotive - Mohit Shah - Sep 25,2017

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demand for electric scooters increases due to surge in purchasing power of consumers

As per active statistics, the global market for the electric scooter is projected to increase at a CARG of 3.9% during the forecast 2017-2027.

Presently, there is a growing urgency to control and reduce the alarming levels of carbon emission. Hence, as a positive step, various governments across the globe are enforcing laws towards the promotion of electric and hybrid scooters that impose very less impact on the environment.

Over the years, there have been several factors such as attractive incentives and subsidies offered by authorities which have favored the sale of electric scooters. Moreover, the demand for two-wheelers covering electric scooter has advanced as a result of growing purchasing power of consumers. According to detailed statistics, the market for electric scooters is going to experience a major surge; the market (on the basis of revenue) is projected to increase at a CARG of 3.9% during the period 2017-2027.

It is quite amusing to know that in major Chinese cities such as Beijing and Shanghai, the authorities are providing registration plates to buyers of electric scooter without any charges. Similar to this situation, the federal government in the U.S. has fixed grants of close to US$ 2.4 Bn for the proper development of high-density batteries and hybrid and electric vehicles. Furthermore, the U.S. administration has also successfully sanctioned incentives to the owners of electric scooters and vehicles.

The global sales of electric scooters are likely to be encouraged by progress in charging facilities and making them more frequent and well-organized. Various firms and government authorities are working relentlessly to offer more stations with charging output.

For more information on this report visit: http://www.mrrse.com/electric-scooters-market