• 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

Ducati Adds Touring Accessories for Multistrada V2 & XDiavel V4

Michelle LiewJune 26, 2025
Read More

Aleix Espargaró Balances Dual Careers in Motorsport and Pro Cycling

Hazique ZairillJune 26, 2025
Read More

Kawasaki Corleo: The Four-Legged Ride of the Future

Michelle LiewJune 25, 2025
Read More

Akira-Inspired Electric Bike Unveiled by Ichiban Motorcycle

Michelle LiewJune 25, 2025
Read More

Keanu Reeves & Gard Hollinger’s Creative Journey with Visionaries

Michelle LiewJune 25, 2025
Read More

Assen 2025: Showdown at the Cathedral of Speed

Michelle LiewJune 25, 2025
Read More

Bing Ang’s Journey Is Fueled by More Than Just Gasoline

Hazique ZairillJune 25, 2025
Read More

D3O Diablo Redefines Motorcycle Armour

Michelle LiewJune 24, 2025
Read More

Vietnam Leads Global Talks on Motorcycle Safety

Michelle LiewJune 24, 2025
Read More

Liberty Media Cleared to Acquire MotoGP

Michelle LiewJune 24, 2025
Read More

Lupino & Ducati to Debut in French MX2 Finale

Michelle LiewJune 24, 2025
Read More

Norton Electra Name Revived for 2025 Comeback?

Michelle LiewJune 23, 2025
Read More
We want to buy your bike Join us on Telegram
Scroll for more
Tap

Join us on Facebook

  • Popular

  • Latest

  • Comments

  • 6 Best Cruiser Motorcycles in Malaysia You Can Get Your Hands On
    Buyer's guideJune 19, 2025
  • Volonaut Airbike: The Future of Motorcycles Is in the Sky
    NewsJune 5, 2025
  • Yamaha Y15ZR V2 Review: Still the People’s Moped After All These Years
    Buyer's guideJune 13, 2025
  • YADEA GT20 Debuts in Malaysia: Price Starts at RM4,998
    Buyer's guideJune 18, 2025
  • QJMotor SRK 250 RD to Rival Kawasaki Ninja ZX-25R in Malaysia? 
    Buyer's guideJune 5, 2025
  • Modenas Kawasaki Versys 650: The Touring Bike That Gets Everything Right
    Buyer's guideJune 9, 2025
  • Indian Motorcycle Officially Launched in Malaysia
    Buyer's guideJune 23, 2025
  • Ducati Adds Touring Accessories for Multistrada V2 & XDiavel V4
    NewsJune 26, 2025
  • Aleix Espargaró Balances Dual Careers in Motorsport and Pro Cycling
    LifestyleJune 26, 2025
  • Kawasaki Corleo: The Four-Legged Ride of the Future
    NewsJune 25, 2025
  • Akira-Inspired Electric Bike Unveiled by Ichiban Motorcycle
    NewsJune 25, 2025
  • Keanu Reeves & Gard Hollinger’s Creative Journey with Visionaries
    NewsJune 25, 2025
  • Assen 2025: Showdown at the Cathedral of Speed
    NewsJune 25, 2025
  • Bing Ang’s Journey Is Fueled by More Than Just Gasoline
    LifestyleJune 25, 2025
  • 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?

Categories

  • Buyer's guide
    • First Rides & Reviews
    • Specs, Prices & Others
  • cafe racer malaysia murah
  • CSR Programme
  • Electric Motorcycles
  • Electric Motorcycles
  • Industry
  • Industry
  • Kedai Motor
  • Lifestyle
    • Concepts & Custom
    • Electric Motorcycles
    • Events
      • EICMa
    • Helmet
    • Motorsport
      • ARRC
      • CubPrix
      • Moto3
      • Motocross
      • MSBK
      • WSBK
    • Tips & Stories
    • Travel
  • Moto2
  • Motor Murah
  • News
    • Locals
    • MotoGP
    • Scoop
  • Review
  • Scoop
  • Scoop
  • Tips & Tricks

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