Electric Scooters Market Revenue Analysis by Regions 2030
Electric Scooters Industry Overview The global electric scooters market size was estimated at USD 20.78 billion in 2021, and the market is expected to expand at a compound annual growth rate (CAGR) of 7.8% from 2022 to 2030. The increasing demand for fuel-efficient vehicles, coupled with growing concerns over greenhouse gas and carbon emissions, is anticipated to drive the adoption of electric scooters (e-scooters) during the forecast period. The COVID-19 pandemic has affected the overall automotive industry, leading to a subsequent decline in growth of the electric powertrain market, as a result of low automotive sales and new requirements during the first half of 2020. However, stringent emission norms by the government agencies such as emission standards for greenhouse gas (GHG) emissions by US Environmental Protection Agency (EPA), BS-VI in India and China VI is driving the market for electric scooters. Gather more insights about the market drivers, restrains and growth of the ...