Better Fuel Efficiency and Environmental Concerns Lead to Rise in Demand for Electric Scooters

Electric scooters are being produced with the aim of conserving fuel and reducing the impact on the environment. The government in various countries are also taking initiatives in reducing air pollution levels by introducing rules and regulations on usage of conventional scooters. Governments are also offering subsidies and incentives to owners of an electric scooter. Moreover, electric scooters are cost-effective and require low repair cost.

According to the report by Future Market Insights (FMI), the electric scooters market is anticipated to register 3.9% CAGR during 2017-2027 and will be valued at $12,000 million by the end of 2027. However, there is still a requirement for charging facilities that provide direct current charging to electric scooters, thereby reducing charging time.

Global Electric Scooters Market

Due to a number of benefits offered and being a cost-effective option, major companies in vehicle segment are introducing electric scooters.

Honda to launch electric scooter in 2018

Honda is set to launch a battery-powered scooter in 2018. The company is working on research and development of a convenient system for an electric scooter. It is also planning to introduce detachable mobile battery this is easy to charge and replace. Honda is planning to introduce some new models instead of a single vehicle. Moreover, the first electric scooter by Honda will be a production version of EV-CUB concept bike in 2015. Honda is also working on electric and hybrid bikes.

BMW recently introduced electric concept scooter as a part of its ‘Vision Next 100 series’. All the features of the scooter are controlled by a touch screen. The scooter includes a touchscreen dashboard and a smart seat which detects the presence of the driver. It includes a direct display of information on windscreen via heads up display. It also includes a connected rider jacket, which helps to communicate with scooter using hand gestures.

The emerging concept of electric-scooter sharing services

Robert Bosch, a multinational engineering, and electronics company in Germany is rolling out its electric-scooter sharing service in Paris. The company plans to operate 600 battery-powered electric scooters. The company is also looking forward to establishing such service in other cities. It rent electric scooters to only licensed drivers with at least 21 years of age. With smartphone application, customers will be able to book and locate nearest scooter and a 30-minute ride will cost around €4. These electric scooters will be able to cover 100 Km with fully charged battery.

Need for better-charging facilities

With the supply of reliable and quick charging stations, the concept of electric scooters can become more popular. Compared to conventional vehicles that take few minutes to refuel, electric scooters take more time to recharge the batteries. However, by providing direct current charging at the charging stations the charging time can be significantly reduced. Moreover, due to reduced performance at high speed by electric scooters is also making customers choose a conventional vehicle.

Abhishek Budholiya

Abhishek Budholiya is a tech blogger, digital marketing pro, and has contributed to numerous tech magazines. Currently, as a technology and digital branding consultant, he offers his analysis on the tech market research landscape. His forte is analysing the commercial viability of a new breakthrough, a trait you can see in his writing. When he is not ruminating about the tech world, he can be found playing table tennis or hanging out with his friends.