Increasingly accepted as capable, even appealing, forms of transportation, particularly in densely populated urban areas, electric two-wheel vehicles, a category that includes electric bicycles, motorcycles, and scooters, will spread rapidly over the next several years.According to a recent report fromPike Research, worldwide sales of electric two-wheel vehicles (E2WVs) are expected to increase at a compound annual growth rate (CAGR) of 9.4% through 2016.
“While electric two-wheel vehicles tend to be a lifestyle choice in North America and much of Western Europe, in the developing world they’re used more as primary means of transportation,” says industry analyst Dave Hurst. “Rising incomes and increased urbanization are driving the need for, and the ability to purchase, reliable transportation, and electric two-wheel vehicles fill a growing niche.” Battery improvements that extend the range and speed of the vehicles, Hurst adds, will also hasten adoption of e-motorcycles and e-scooters.
Read this news @ http://www.evhub.in/news/89
