Rising Petroleum Prices Fuels Italy Electric Scooter and Motorcycle Market

The Italy electric scooter and motorcycle market generated $26.7 million in the year 2021, and in 2035, it is projected to rise to $707.1 million, progressing at approx. 30.5% rate from 2021 to 2025, and 24.4% from 2026 to 2035, and it is expected to experience the highest sales of electric scooters and motorcycles with a speed of more than 80 km per hour, with more than 35% rate from 2026 to 2035.

Moreover, Li-ion contributes significant revenue to the Italy electric scooter and motorcycle market, amounting to $26.5 million revenue, and it is expected to witness a growth of 30.6% from 2021 to 2025. Numerous two-wheeler motor manufacturing companies such as e-scooters and e-motorcycles prefer Li-ion battery type, owing to no memory effect, low self-discharge rate, and high energy density.

In addition, the life of Li-ion batteries is over 2,000 charge cycles, which is more than the life of sealed lead-acid batteries of over 400 charge cycles. Moreover, the reduction in the battery prices over the years has not impacted sales, as the consumers prefer to buy Li-ion battery-powered two-wheelers that cost more than sealed-acid battery-powered two-wheelers. In addition, the automobile companies understand that consumers are willing to spend more on high-quality products, and hence they keep Li-ion chemistry transitioning.

In addition, electric scooters capture a significant share of Italy electric scooter and motorcycle market, growing at a 22.7% rate from 2021 to 2025. Electric scooters are more popular than electric motorcycles due to their inexpensiveness and lesser power requirement than the latter. E-scooters serve as the ideal option for short-distance travel, being highly cost-effective, and hence propels the market.

Moreover, electric scooters and motorcycles of 100 V or more are expected to experience the highest sales from 2026 to 2035, progressing at a 38.1% rate. The enhanced mileage and performance of electric scooters and motorcycles are projected to cause a boom in sales in the near future, and thus expand the market.

The rising environmental concerns also drive the Italy electric scooter and motorcycle market, attributed to the increased focus of the Italian government to curb the GHG emissions to the environment caused by the road traction of motor vehicles. Hence, numerous initiatives are taken by the government to reduce such emissions, one such initiative is to encourage the adoption of EVs.

Moreover, the European Climate Law also contributes to reducing GHG emissions, aiming to attain a minimum of 55% decrease in 2030, compared to 1990 emission levels.

Therefore, the cost-effectiveness and increased efficiency of the electric scooters propels the market, along with the rising environmental concerns.