"The global electric scooters market size was estimated at USD 18.6 billion in 2019. Rising need for fuel-efficient vehicles, backed by increasing concerns over carbon and greenhouse gas emissions, is expected to drive the adoption of electric scooters (e-scooters) over the forecast period. Easy incorporation of regenerative braking, high mechanical efficiency, relatively economical maintenance costs, and low noise levels are among crucial factors providing battery-powered vehicles an edge over traditional variants with internal combustion engines (ICE).""Governments across the globe have formulated several policies to increase the penetration of electric scooters by offering various benefits to consumers as well as manufacturers in the form of subsidies. Support in the form of research and development initiatives is also a prominent growth factor. For instance, in the U.S., the Corporate Average Fuel Economy (CAFÉ) standards are increasing the adoption of energy-efficient automobiles by framing regulations for enhancing the utilization of alternative fuel vehicles and reduction of fossil fuel consumption. Similarly, the Canadian government is developing a strategy to reduce the country’s greenhouse gas emissions and increase the number of zero-emission vehicles. Besides this, the swift adoption of scooter-sharing services has triggered the demand for battery-powered two-wheelers. This, in turn, creates a highly conducive environment for growth."
Steve Taylor ● 2215d