• Bikes for Sale
  • News
  • Buyer’s guide
    • Buy a Motorcycle
    • First Rides & Reviews
    • Specs, Prices & Others
  • Lifestyle
    • Concepts & Custom
    • Electric Motorcycles
    • Events
    • Motorsport
    • Tips & Stories
    • Travel
  • Locals
imotorbike logo
  • Bikes for Sale
  • News
  • Buyer’s guide
    • Buy a Motorcycle
    • First Rides & Reviews
    • Specs, Prices & Others
  • Lifestyle
    • Concepts & Custom
    • Electric Motorcycles
    • Events
    • Motorsport
    • Tips & Stories
    • Travel
  • Locals
  • Facebook

  • Instagram

  • X (Twitter)

  • YouTube

  • LinkedIn

  • RSS

News

Electric bike market to worth over RM87 billions by 2024

Electric bike market to worth over RM87 billions by 2024
Bruno Gomes
May 23, 2018

Electric scooters like the BMW C Evolution are boosting the sales of electric two-wheelers faster than expected

In a new report recently published by Global Market Insights, it is said that the global market for electric motorcycle and scooters will be worth over RM87 billions when we reach the year 2024.

According to Global Market Insights, this will happen because of “low noise levels, high mechanical efficiency, easy incorporation of regenerative braking, and relatively economical maintenance costs are among the chief benefits over the conventional internal combustion engines (ICE) which will propel the electric motorcycles & scooters market growth over the forecast timeframe”.

In 2017 scooters dominated the electric market with an 85% share. They are light, easy to use, and offer greater maneuverability to ride in congested areas like in the cities, where traffic is a big problem.

The report also goes on to say that Government incentives to buy electric motorcycles and scooters will boost up the sales of these vehicles, as well as better batteries that will allow longer range and faster charging times.

It seems that the electric two-wheelers are growing even faster than most predicted.

Related Itemselectric motorcyclesfeaturedmarket report
To read the full story
login with google
login with facebook
or
Create an account for free
This won't cost you.
by clicking this button you agree to iMotorbike's visitor agreement
Already have an account? Sign in here
Click here to get notified on every new article
News
May 23, 2018
Bruno Gomes

With more than ten years as a motorcycle journalist, i enjoy everything that has to do with two-wheels. I'm a fan of sport bikes and i prefer riding them on a racetrack, but give me a road filled with corners and good asphalt and i'll be there to have some fun!

Related Itemselectric motorcyclesfeaturedmarket report

More in News

Kawasaki Patents Modular Chassis for Electric Motorcycles

Michelle L.March 4, 2026
Read More

Autoliv Unveils Next-Gen Motorcycle Airbag Technology

Michelle L.March 4, 2026
Read More

Sabah CM Replaces Bikes Used to Stop Runaway Train

Michelle L.March 4, 2026
Read More

Bou One Step from X-Trial Crown in France

Michelle L.March 4, 2026
Read More

iMotorbike Johor’s Second CSR Visit Aids Rumah Perlindungan Fitrah Qaseh.

Hazique ZairillMarch 4, 2026
Read More

Boon Siew Honda Introduces 2026 Africa Twin Adventure Sports ES and X-ADV for Malaysia

Hazique ZairillMarch 4, 2026
Read More

MotoGP Signs Multi-Year Partnership with Quint to Elevate Grand Prix Hospitality

Hazique ZairillMarch 4, 2026
Read More

A Naked Icon, Rewritten: Monster 796 Forged in the Dark

Hazique ZairillMarch 3, 2026
Read More

Padgett’s Opens Major New Honda Dream Showroom

Michelle L.March 3, 2026
Read More

iMotorbike Introduces “Raya Rebate Beribu” with Discounts Up to RM5,000!

Hazique ZairillMarch 3, 2026
Read More

Máximo Quiles Misses Thai Moto3 win 

Hazique ZairillMarch 3, 2026
Read More

All New Aveta Vanguard 250 Arrives in Malaysia with Rider-Focused Upgrades

Hazique ZairillMarch 3, 2026
Read More
We want to buy your bike Join us on Instagram
Scroll for more
Tap

Join us on Facebook

  • Popular

  • Latest

  • Comments

  • Toprak Razgatlıoğlu Still Adapting to MotoGP’s Michelin Tyre
    LifestyleFebruary 11, 2026
  • MotoGP 2026 Kuala Lumpur Launch: What You Should Know
    EventsFebruary 6, 2026
  • Jake Dixon Ruled Out of WorldSBK Season Opener After Phillip Island Crash
    LocalsFebruary 19, 2026
  • Indian Motorcycle Unveils 125th Anniversary Collection
    NewsFebruary 25, 2026
  • Mforce Opens Malaysia’s Largest Motorcycle Service Centre in Kuala Lumpur
    Buyer's guideFebruary 3, 2026
  • CFMoto 250 Dual Debuts in Malaysia at Mforce KL Opening
    Buyer's guideFebruary 3, 2026
  • MotoGP Set to Introduce Minimum Rider Salary from 2027
    IndustryFebruary 26, 2026
  • Kawasaki Patents Modular Chassis for Electric Motorcycles
    MotorsportMarch 4, 2026
  • Autoliv Unveils Next-Gen Motorcycle Airbag Technology
    NewsMarch 4, 2026
  • Sabah CM Replaces Bikes Used to Stop Runaway Train
    NewsMarch 4, 2026
  • Bou One Step from X-Trial Crown in France
    MotorsportMarch 4, 2026
  • iMotorbike Johor’s Second CSR Visit Aids Rumah Perlindungan Fitrah Qaseh.
    CSR ProgrammeMarch 4, 2026
  • Boon Siew Honda Introduces 2026 Africa Twin Adventure Sports ES and X-ADV for Malaysia
    Buyer's guideMarch 4, 2026
  • MotoGP Signs Multi-Year Partnership with Quint to Elevate Grand Prix Hospitality
    IndustryMarch 4, 2026
  • MV Agusta Lucky Explorer Project 9.5: testing the Schiranna prototype - news.iNthacity: More Top Breaking News and Popular Stories To Stay Informed says:

    […] Michelle Liew […]

  • CFMOTO 450SR to enter Malaysia in March 2023 at RM29,300 - news.iNthacity: More Top Breaking News and Popular Stories To Stay Informed says:

    […] Michelle Liew […]

  • Suzuki V-Strom now available in Malaysia at RM81,900 - news.iNthacity: More Top Breaking News and Popular Stories To Stay Informed says:

    […] Michelle Liew […]

  • Colin says:

    I hope they make the Dax street legal. Love to…

  • Mohd Razi bin Rosli says:

    Adv 150cc

  • Nena Maxberry says:

    Just curious what they would retail for

  • Adam Kenny says:

    RM4159 for the front fork is it?

Corporate

About Us
Terms of Use
Privacy Policy
Disclosure Policy
Contact Us
SUBSCRIBE NOW!

2024 iMotorbike World Sdn. Bhd.(1205246-M). All rights reserved.

Honda announces a special Duit Raya Gift
The Monster will be the star of the World Ducati Week
Nak Jual Beli Motor 😊 ?
WhatsApp
Hi iMotorbike 😊
Open chat