Electric motorcycle market seen reaching $9.98 billion by 2035

Market Research Future projects the electric motorcycle market will hit $9.98 billion by 2035, fueled by a 23.4% compound annual growth rate. The report points to stronger regulations, lower battery costs, and rising demand in North America and Asia Pacific as the main forces reshaping two-wheeler mobility.

Why it matters: - Electric motorcycles are moving from niche products to a broader transportation option for commuters, delivery fleets and performance riders. - The market’s growth could accelerate the shift away from gasoline motorcycles as governments tighten emissions rules and buyers look for lower operating costs. - Hub motors captured about 66.8% of unit shipments in 2024, showing how simple, low-maintenance designs are winning in commuter-focused segments.

What happened: - Market Research Future said the electric motorcycle market is expected to reach $9.98 billion by 2035, growing at a 23.4% CAGR. - The report was published in New York on Aug. 27, 2026. - North America remains the largest regional market for electric motorcycles. - Asia Pacific is the fastest-growing regional market. - China remains the global leader in electric two-wheelers. - India’s electric motorcycle volumes rose 28% year over year to 17,173 units in FY26. - A sample report is available here. - The full market report is available here.

The details: - The market spans lead-acid, lithium-ion, lithium-ion polymer, sodium-ion and emerging battery chemistries. - Lithium-ion held the dominant market share in 2025. - Sodium-ion packs are projected to grow at a notable CAGR as manufacturers look for relief from lithium supply constraints and cobalt volatility. - Solid-state battery systems are emerging as a major development, with manufacturers unveiling production e-motorcycles that promise longer range and faster charging. - Motors below 3.6 kW held a significant share in 2025 because urban riders and regulators favor them under moped licensing rules. - The above 7.2 kW class is forecast to grow faster as electric drivetrains move deeper into high-performance riding. - The market includes hub motor, belt drive, chain drive and mid-drive configurations. - Hub motors simplify the transmission system and reduce maintenance needs, making them the most widely used type in many markets. - The personal segment holds the largest end-use share. - Commercial demand is rising as delivery and e-commerce fleets adopt electric two-wheelers for last-mile work. - Government and institutional procurement is increasing through fleet electrification programs. - Electric motorcycles face high upfront prices, limited real-world range and uneven charging infrastructure. - Consumer skepticism about performance and reliability remains a drag on adoption. - The report says global electric motorcycle sales hit 2.3 million units in the first four months of 2026, up 16.1% from a year earlier. - Global electric motorcycle stock has topped 80 million, equal to nearly 9% of motorcycles put into use in the past decade.

Between the lines: - Battery costs and chemistry choices are becoming as important as vehicle design in determining which brands can scale. - North America’s lead reflects early adoption and a stronger regulatory push, while Asia Pacific’s growth is tied to manufacturing depth and dense urban mobility needs. - The commercial market may offer the clearest path to volume because fleets can better absorb higher upfront prices when maintenance and fuel savings are stronger. - The rise of battery swapping, subscription models and connected fleet tools suggests the market is expanding into services, not just vehicles.

What’s next: - Growth will likely depend on continued battery cost declines, wider charging and swapping networks, and stable policy support. - Manufacturers are expected to keep pushing higher-range batteries, connected features and fleet software to widen adoption. - Legacy motorcycle brands and EV specialists will keep competing on performance, price and supply-chain control. - Markets such as India, Vietnam and Brazil may see faster adoption if incentives and local assembly programs continue.

The bottom line: - Electric motorcycles are entering a scale-up phase, and the biggest winners will be brands that pair lower-cost batteries with practical range, strong charging access and clear use cases for commuters and fleets.