• 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

Beachman Debuts ’64 LM Electric Motorcycle

Michelle LiewSeptember 18, 2025
Read More

Raptee Wins TDB Support for 240V Electric Motorcycle

Michelle LiewSeptember 18, 2025
Read More

Bosuer Unveils 300cc Two-Stroke Dirt Bike

Michelle LiewSeptember 18, 2025
Read More

Yamaha Marks 70 Years with VMXdN Foxhill Fireworks

Michelle LiewSeptember 18, 2025
Read More

Jack Miller Fined €2000 for Post-Race Gesture at Misano MotoGP.

Hazique ZairillSeptember 18, 2025
Read More

What is CDI in a Motorcycle? Understanding Capacitor Discharge Ignition

Hazique ZairillSeptember 18, 2025
Read More

How to Check and Renew Motorcycle Insurance Online with iMotorbike

Hazique ZairillSeptember 18, 2025
Read More

Singapore to Mandate ABS on New Motorcycles by 2027

Michelle LiewSeptember 17, 2025
Read More

Honda WN7 Launches as Brand’s First Electric Motorcycle

Michelle LiewSeptember 17, 2025
Read More

Rueda Joins Red Bull KTM Ajo Moto2 Team for 2026

Michelle LiewSeptember 17, 2025
Read More

Honda HRC Makes Gains in Jerez WorldSBK Test

Michelle LiewSeptember 17, 2025
Read More

Aprilia Unveils SR GT Replica 2025 in Europe

Hazique ZairillSeptember 17, 2025
Read More
We want to buy your bike Join us on Telegram
Scroll for more
Tap

Join us on Facebook

  • Popular

  • Latest

  • Comments

  • Buell Super Cruiser Breaks All the Cruiser Rules
    NewsAugust 23, 2025
  • Triumph Street Triple 765 RS Review: When Perfection Meets Performance
    Buyer's guideAugust 20, 2025
  • MotoGP to Kick Off 2026 Season with Global Launch in Singapore
    EventsSeptember 10, 2025
  • Hanway BOB125S Launches in Malaysia
    Buyer's guideAugust 29, 2025
  • Suzuki GSX-S1000GX Review: The Supreme Sport Crossover
    Buyer's guideAugust 26, 2025
  • Yamaha to Debut All-New V4 MotoGP Engine at San Marino GP
    MotoGPAugust 27, 2025
  • 2013 Yamaha YZF-R6 Review: The 600cc Icon That Defined a Generation
    Buyer's guideAugust 21, 2025
  • Beachman Debuts ’64 LM Electric Motorcycle
    NewsSeptember 18, 2025
  • Raptee Wins TDB Support for 240V Electric Motorcycle
    NewsSeptember 18, 2025
  • Bosuer Unveils 300cc Two-Stroke Dirt Bike
    NewsSeptember 18, 2025
  • Yamaha Marks 70 Years with VMXdN Foxhill Fireworks
    NewsSeptember 18, 2025
  • Jack Miller Fined €2000 for Post-Race Gesture at Misano MotoGP.
    MotoGPSeptember 18, 2025
  • What is CDI in a Motorcycle? Understanding Capacitor Discharge Ignition
    Buyer's guideSeptember 18, 2025
  • How to Check and Renew Motorcycle Insurance Online with iMotorbike
    Buyer's guideSeptember 18, 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
  • Campaign
  • 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
  • SEO
  • Suzuka 8 Hours
  • 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